Midhani achieves best ever turnover in 20-21

Defence Ministry PSU declares its highest dividend

Mishra Dhatu Nigam Limited (MIDHANI) on Friday has announced best ever turnover of ₹ 813.23 crore for the 2020-21 registering a growth of 14.08% over the turnover of ₹712.88 crore achieved during the previous financial year of 2019-20. The operating profit of ₹206.26 crore registered a growth of 24.52% over ₹165.65 crore achieved in 2019-20. The best ever Profit Before Tax (PBT) of ₹ 226.09 crore meant a growth of 11.88% over the PBT of ₹ 202.09 crore during the previous year. Similarly, the Profit After Tax (PAT) of ₹ 166.29 crore has been recorded this year as against ₹159.73 crore the previous year. An official release said that the public sector unit under the Defence Ministry had paid an interim dividend of ₹ 1.20 per equity share and further proposes to pay another ₹ 1.58 per equity share as final dividend for 2020-21. Total dividend (including interim dividend) for 2020-21 is ₹ 2.78 per equity share (par value ₹ 10 each). This works out to 31.32% of PAT which is the highest dividend being paid by the company.