Annuncio • May 06
Maithan Alloys Limited to Report Q4, 2026 Results on May 16, 2026 Maithan Alloys Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 16, 2026 Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: ₹30.55 (vs ₹31.20 in 3Q 2025) Third quarter 2026 results: EPS: ₹30.55 (down from ₹31.20 in 3Q 2025). Revenue: ₹5.66b (up 6.5% from 3Q 2025). Net income: ₹889.0m (down 2.1% from 3Q 2025). Profit margin: 16% (down from 17% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Jan 22
Maithan Alloys Limited to Report Q3, 2026 Results on Jan 30, 2026 Maithan Alloys Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Jan 30, 2026 Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,115, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 2.1% over the past three years. Reported Earnings • Nov 15
Second quarter 2026 earnings released: ₹41.55 loss per share (vs ₹49.41 profit in 2Q 2025) Second quarter 2026 results: ₹41.55 loss per share (down from ₹49.41 profit in 2Q 2025). Revenue: ₹3.37b (down 27% from 2Q 2025). Net loss: ₹1.21b (down 184% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Annuncio • Nov 04
Maithan Alloys Limited to Report Q2, 2026 Results on Nov 13, 2025 Maithan Alloys Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Upcoming Dividend • Sep 12
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 27 October 2025. Payout ratio is a comfortable 7.4% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Within top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹184 (vs ₹157 in 1Q 2025) First quarter 2026 results: EPS: ₹184 (up from ₹157 in 1Q 2025). Revenue: ₹12.8b (up 242% from 1Q 2025). Net income: ₹5.36b (up 17% from 1Q 2025). Profit margin: 42% (down from 122% in 1Q 2025). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Annuncio • Aug 04
Maithan Alloys Limited to Report Q1, 2026 Results on Aug 13, 2025 Maithan Alloys Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Declared Dividend • Jun 28
Dividend of ₹6.00 announced Dividend of ₹6.00 is the same as last year. Ex-date: 19th September 2025 Payment date: 27th October 2025 Dividend yield will be 1.3%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (7% earnings payout ratio) but not covered by cash flows (238% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • May 29
Maithan Alloys Limited, Annual General Meeting, Sep 27, 2025 Maithan Alloys Limited, Annual General Meeting, Sep 27, 2025. Annuncio • May 19
Maithan Alloys Limited to Report Q4, 2025 Results on May 28, 2025 Maithan Alloys Limited announced that they will report Q4, 2025 results on May 28, 2025 Annuncio • May 13
Maithan Alloys Limited (BSE:590078) acquired 80% stake in Goldtree Impex Private Limited for INR 0.20 million. Maithan Alloys Limited (BSE:590078) agreed to acquire 80% stake in Goldtree Impex Private Limited for INR 0.20 million on April 21, 2025. A cash consideration of INR 0.2 million will be paid by Maithan Alloys Limited. As part of consideration, INR 0.2 million is paid towards common equity of Goldtree Impex Private Limited.
The expected completion of the transaction is April 21, 2025 to May 15, 2025.
Maithan Alloys Limited (BSE:590078) completed the acquisition of 80% stake in Goldtree Impex Private Limited on May 12, 2025. Annuncio • Apr 22
Maithan Alloys Limited (BSE:590078) agreed to acquire 80% stake in Goldtree Impex Private Limited for INR 0.20 million. Maithan Alloys Limited (BSE:590078) agreed to acquire 80% stake in Goldtree Impex Private Limited for INR 0.20 million on April 21, 2025. A cash consideration of INR 0.2 million will be paid by Maithan Alloys Limited. As part of consideration, INR 0.2 million is paid towards common equity of Goldtree Impex Private Limited.
The expected completion of the transaction is April 21, 2025 to May 15, 2025. Annuncio • Mar 22
Maithan Alloys Limited (BSE:590078) completed the acquisition of Eloise Builders & Constructions Private Limited. Maithan Alloys Limited (BSE:590078) agreed to acquire Eloise Builders & Constructions Private Limited for INR 730 million on February 5, 2025. A cash consideration of INR 730 million and loan liability of INR 415.5 million and of will be paid by Maithan Alloys Limited.
For the period ending March 31, 2024, Eloise Builders & Constructions Private Limited reported nil total revenue, net income of INR 0.1 million and net liabilities of INR 0.1 million.
The expected completion of the transaction is on or before March 31, 2025.
Maithan Alloys Limited (BSE:590078) completed the acquisition of Eloise Builders & Constructions Private Limited on March 21, 2025. In this connection, Maithan Alloys to inform that 100% shareholding has been duly transferred in the name of the Company and its nominees upon payment of the said cost. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹31.20 (vs ₹29.32 in 3Q 2024) Third quarter 2025 results: EPS: ₹31.20 (up from ₹29.32 in 3Q 2024). Revenue: ₹5.31b (up 19% from 3Q 2024). Net income: ₹908.3m (up 6.4% from 3Q 2024). Profit margin: 17% (down from 19% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year. Annuncio • Feb 11
Maithan Alloys Limited Declares Interim Dividend for the Financial Year 2024-2025, Payable on February 24,2025 The Board of Directors of Maithan Alloys Limited declared Interim Dividend For the Financial Year 2024-2025. For the period, the company reported Dividend of INR 3/- (Rupees Three only) per equlty share of INR. 10/- each. The dividend is payable to shareholders on record date February 19, 2025. Annuncio • Feb 01
Maithan Alloys Limited to Report Q3, 2025 Results on Feb 11, 2025 Maithan Alloys Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Annuncio • Nov 04
Maithan Alloys Limited to Report Q2, 2025 Results on Nov 11, 2024 Maithan Alloys Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Annuncio • Oct 18
Maithan Alloys Limited Announces Resumption of Operation At Byrnihat Unit Maithan Alloys Limited had vide letter dated 13th July, 2024 informed that, due to fire there was severe damage to one of the furnace transformer installed at Byrnihat Unit. Further, they had vide letter dated 4e September, 2024 informed that 'Notice of Closure' was issued by Meghalaya State Pollution Control Board directing closure of manufacturing operations at Byrnihat Unit of the Company. In this connection the company informed that after obtaining necessary approval of Meghalaya State Pollution Control Board and replacement of damaged transformer, the Byrnihat Unit of the Company has switched-on both the furnaces on 16th October, 2024. The production will be resumed by next week and gradually scaled up. The event has occurred on 16ft October, 2024 at 7:00 P.M. Annuncio • Sep 24
Maithan Alloys Limited Recommends Dividend for the Financial Year 2023-2024 Maithan Alloys Limited had recommended a dividend of INR 6/- per equity share of face value of INR 10/- each for the financial year 2023-2024, for the declaration at the 39th Annual General Meeting (AGM) of the Company. Annuncio • Aug 03
Maithan Alloys Limited to Report Q1, 2025 Results on Aug 14, 2024 Maithan Alloys Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Annuncio • May 31
Maithan Alloys Limited, Annual General Meeting, Sep 28, 2024 Maithan Alloys Limited, Annual General Meeting, Sep 28, 2024. Declared Dividend • May 31
Dividend of ₹6.00 announced Dividend of ₹6.00 is the same as last year. Ex-date: 20th September 2024 Payment date: 28th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (3% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹120 (vs ₹171 in FY 2023) Full year 2024 results: EPS: ₹120 (down from ₹171 in FY 2023). Revenue: ₹20.9b (down 28% from FY 2023). Net income: ₹3.49b (down 30% from FY 2023). Profit margin: 17% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Annuncio • May 19
Maithan Alloys Limited to Report Q4, 2024 Results on May 29, 2024 Maithan Alloys Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: ₹29.32 (vs ₹25.00 in 3Q 2023) Third quarter 2024 results: EPS: ₹29.32 (up from ₹25.00 in 3Q 2023). Revenue: ₹5.27b (down 23% from 3Q 2023). Net income: ₹853.4m (up 17% from 3Q 2023). Profit margin: 16% (up from 11% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 02
Maithan Alloys Limited Announces Resignation of Kalpana Biswas Kundu as Director Maithan Alloys Limited announced that Mrs. Kalpana Biswas Kundu has tendered resignation as a director of the company, with effect from 2 February 2024, consequent upon conclusion of her tenure as an independent director. Annuncio • Jan 31
Maithan Alloys Limited to Report Q3, 2024 Results on Feb 10, 2024 Maithan Alloys Limited announced that they will report Q3, 2024 results at 12:15 PM, Indian Standard Time on Feb 10, 2024 Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: ₹21.30 (vs ₹37.51 in 2Q 2023) Second quarter 2024 results: EPS: ₹21.30 (down from ₹37.51 in 2Q 2023). Revenue: ₹5.03b (down 27% from 2Q 2023). Net income: ₹619.4m (down 43% from 2Q 2023). Profit margin: 12% (down from 16% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Annuncio • Nov 04
Maithan Alloys Limited to Report Q2, 2024 Results on Nov 14, 2023 Maithan Alloys Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Annuncio • Sep 13
Maithan Alloys Limited Announces Resignation of Ashok Bhandari as Independent Director Maithan Alloys Limited informed that Mr. Ashok Bhandari (DIN: 00012210), has tendered his resignation as an Independent Director of the Company, with effect from 10th September, 2023, due to pre-occupation and advancement of his age, which according to him is expected to adversely affect his performance of as an Independent Director. Upcoming Dividend • Sep 11
Upcoming dividend of ₹6.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 26 October 2023. Payout ratio is a comfortable 3.5% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (6.9%). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹20.49 (vs ₹75.22 in 1Q 2023) First quarter 2024 results: EPS: ₹20.49 (down from ₹75.22 in 1Q 2023). Revenue: ₹4.48b (down 56% from 1Q 2023). Net income: ₹596.0m (down 73% from 1Q 2023). Profit margin: 13% (down from 22% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 01
Maithan Alloys Limited to Report Q1, 2024 Results on Aug 12, 2023 Maithan Alloys Limited announced that they will report Q1, 2024 results on Aug 12, 2023 Annuncio • May 29
Maithan Alloys Limited, Annual General Meeting, Sep 26, 2023 Maithan Alloys Limited, Annual General Meeting, Sep 26, 2023. Annuncio • May 24
Maithan Alloys Limited Recommends Dividend for the Financial Year 2022-23 Maithan Alloys Limited informed that the Board of Directors of the Company at its meeting held on May 23, 2023 have recommended a dividend of INR 6 per equity share of INR 10 each (i.e. @60%), for the financial year 2022-23. The dividend as recommended by the Board of Directors of the Company is subject to the approval of shareholders at the upcoming Annual General meeting (AGM) of the Company scheduled to be held on September 26, 2023. The dividend, if approved at the upcoming AGM shall be paid, subject to deduction of tax at source, to the shareholders on or after September 26, 2023. The Board of Directors of the Company decided to close the Register of Members and Share Transfer Books of the Company from September 20, 2023 to September 26, 2023 (both days inclusive) for the purpose of payment of dividends and the AGM for the financial year ended 31 March 2023. Reported Earnings • May 24
Full year 2023 earnings released: EPS: ₹171 (vs ₹281 in FY 2022) Full year 2023 results: EPS: ₹171 (down from ₹281 in FY 2022). Revenue: ₹30.6b (up 2.3% from FY 2022). Net income: ₹4.99b (down 39% from FY 2022). Profit margin: 16% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Annuncio • May 14
Maithan Alloys Limited to Report Q4, 2023 Results on May 23, 2023 Maithan Alloys Limited announced that they will report Q4, 2023 results on May 23, 2023 Board Change • Apr 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Non-Executive Director Srinivas Peddi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Feb 03
Maithan Alloys Limited to Report Q3, 2023 Results on Feb 14, 2023 Maithan Alloys Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Annuncio • Jan 03
Maithan Alloys Limited Announces Thatits Subsidiary Impex Metal & Feflo Alloyy Switching-Off of A Furnace Maithan Alloys Limited informed that Impex Metal & Feflo Alloys Limited a wholly owned subsidiary of the Company has switched-off one of its furnace with effect from 1st January, 2023 for indefinite period. due to steep increase in power cost. The production of ferro alloys of Impex Metal & Ferro Alloys Limited is expected to be reduced by at least 50% w.e.f. 1st January, 2023. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Non-Executive Director Srinivas Peddi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 13
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 1.9% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (5.9%). Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Addition Non-Independent & Non-Executive Director Srinivas Peddi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
First quarter 2023 earnings released: EPS: ₹75.22 (vs ₹38.50 in 1Q 2022) First quarter 2023 results: EPS: ₹75.22 (up from ₹38.50 in 1Q 2022). Revenue: ₹10.2b (up 80% from 1Q 2022). Net income: ₹2.19b (up 95% from 1Q 2022). Profit margin: 22% (up from 20% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 29% compared to a 5.3% decline forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹281 (up from ₹79.30 in FY 2021). Revenue: ₹30.2b (up 87% from FY 2021). Net income: ₹8.18b (up 254% from FY 2021). Profit margin: 27% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 12%, compared to a 3.5% growth forecast for the mining industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,329, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Metals and Mining industry in India. Total returns to shareholders of 180% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: ₹103 (up from ₹19.04 in 3Q 2021). Revenue: ₹9.28b (up 108% from 3Q 2021). Net income: ₹3.00b (up 441% from 3Q 2021). Profit margin: 32% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 24%. Over the next year, revenue is forecast to grow 25%, compared to a 6.7% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹56.31 (vs ₹18.87 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹6.66b (up 63% from 2Q 2021). Net income: ₹1.64b (up 198% from 2Q 2021). Profit margin: 25% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹1,001, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in India. Total returns to shareholders of 107% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,173, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 11x in the Metals and Mining industry in India. Total returns to shareholders of 133% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 22 September 2021. Payment date: 30 October 2021. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹38.50 (vs ₹12.08 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹5.66b (up 113% from 1Q 2021). Net income: ₹1.12b (up 219% from 1Q 2021). Profit margin: 20% (up from 13% in 1Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improved over the past week After last week's 16% share price gain to ₹939, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 52% over the past three years. Reported Earnings • May 07
Full year 2021 earnings released: EPS ₹79.02 (vs ₹76.27 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹16.4b (down 10% from FY 2020). Net income: ₹2.31b (up 4.0% from FY 2020). Profit margin: 14% (up from 12% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 22% share price gain to ₹658, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total loss to shareholders of 19% over the past three years. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹19.04 (vs ₹21.95 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹4.46b (down 5.0% from 3Q 2020). Net income: ₹554.5m (down 13% from 3Q 2020). Profit margin: 12% (down from 14% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 17% share price gain to ₹672, the stock is trading at a trailing P/E ratio of 8.6x, up from the previous P/E ratio of 7.3x. This compares to an average P/E of 17x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 24%. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹653, the stock is trading at a trailing P/E ratio of 7.7x, up from the previous P/E ratio of 6.6x. This compares to an average P/E of 16x in the Metals and Mining industry in India. Total return to shareholders over the past three years is a loss of 24%. Is New 90 Day High Low • Dec 30
New 90-day high: ₹584 The company is up 16% from its price of ₹505 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 35% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: ₹564 The company is up 6.0% from its price of ₹533 on 02 September 2020. The Indian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS ₹18.87 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹4.13b (down 12% from 2Q 2020). Net income: ₹549.4m (up 31% from 2Q 2020). Profit margin: 13% (up from 8.9% in 2Q 2020). The increase in margin was driven by lower expenses. 
