MIDHANI reported strong Q1 FY27 financial performance, with turnover up 40.46% year-on-year to Rs. 239.49 crore and Profit After Tax increasing 27.42% to Rs. 16.31 crore.

EBITDA grew 12.89% to Rs. 46.6 crore.

The order book stands at Rs. 2,329 crore, with Defense contributing 66%. Margins faced pressure from elevated LPG and raw material costs, but management anticipates normalization from Q3. The company expects FY27 growth to surpass the previous year, driven by strategic certifications like GE's S400 for testing, ongoing modernization CapEx, and a sharpened focus on high-margin super alloys and titanium for defense programs.

Exports are targeted at 10% of turnover, with growth expected.