Maithan Alloys Ltd

Q1 FY24Ferrous Metals

Maithan Alloys Q1 FY24 earnings call: Revenue & Margins

Q1 FY24 investor presentation: what the company reported on revenue, margins and projects.

Price₹977

Market cap₹2.9K Cr

P/E10.1

Updated25 Sept 2026

Read3 min read

Based on Maithan Alloys Ltd's Q1 FY24 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q4 FY23 Revenue: Rs. Q4 FY23 Financials: - EBITDA: Rs.

From Maithan Alloys Ltd's Q1 FY24 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q4 FY23 Revenue: Rs. 535 Crores
Q4 FY22 Revenue: Rs. 837 Crores
Year-on-Year Change: Decrease of Rs. 302 Crores (~-36%)

2 more points management made on revenue & sales performance

Profitability & Margins

Q4 FY23 Financials:
EBITDA: Rs. 89 Cr (down from Rs. 311 Cr in Q4 FY22; ~-71% YoY)
Operating Margin (EBITDA margin): Approx. 16.6% (EBITDA Rs. 89 Cr / Revenue Rs. 535 Cr), vs ~37.2% in Q4 FY22 (311/837)
Profit After Tax (PAT): Rs. 98 Cr (down from Rs. 242 Cr in Q4 FY22; ~-59.5% YoY)
Explicit Margin Outlook:

2 more points management made on profitability & margins

See what Maithan Alloys Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Incorporated wholly-owned subsidiary Maithan Ferrous Private Limited (MFPL) for announced expansion project focused on manganese-based ferro alloys.
Expansion primarily funded through internal accruals and company reserves.
MFPL received environment clearance from MoEF & CC on 11th August 2022.
Acquisition of Impex Metals & Ferro Alloys Limited (IMPEX) through NCLT/IBC liquidation.

2 more points management made on capital expenditure plans

Top-ranked in Ferrous Metals

Ranked on what management guided this quarter

5x potential

1Shri Hare-Krish.₹66 Cr

Rev 1Mar 1

2Indian Metals₹6.6K Cr

Rev 2Mar 3

3₹5.9K Cr

Rev 2Mar 3

4₹76.4K Cr

Rev 3Mar 1

5₹8.0K Cr

Rev 3Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The consolidated balance sheet on Page 24 shows borrowings increased from Rs. 1.7 Cr (Mar-22) to Rs. 8.4 Cr (Mar-23) in current liabilities, and long-term borrowings from Rs. 0 to Rs. 8 Cr.
Page 21 mentions the company as a "Net Cash Company," indicating a strong net cash position, supported by a robust balance sheet and zero debt as a key differentiator.
On Page 25, the consolidated cashflow statement shows minimal net cash used in financing activities: Rs. -5.1 Cr for FY23 versus Rs. -62.1 Cr for FY22, indicating low borrowing activity.

2 more points management made on fundraising & capital structure

See what Maithan Alloys Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not explicitly mention any details regarding order book, order inflow, or pending orders. Throughout the slides provided, there is no specific data or statements related to current or future orders, backlog of orders, or order inflows mentioned in the financials, performance snapshot, or other sections. The focus is primarily on financial performance, operational metrics, leadership, market position, and strategic initiatives without any direct reference to order book or pending orders.

Maithan Alloys Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹559 Cr, net loss ₹71 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Maithan Alloys Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Maithan Alloys Ltd Q1 FY24 results?

Q4 FY23 Revenue: Rs. Q4 FY23 Financials: - EBITDA: Rs.

What is Maithan Alloys Ltd share price analysis?

Maithan Alloys Ltd currently shows a neutral. The stock trades at a P/E of 10.1 with a market cap of ₹2,938 Cr. Investors should review the full earnings analysis for detailed insights.

Is Maithan Alloys Ltd planning capital expenditure?

Incorporated wholly-owned subsidiary Maithan Ferrous Private Limited (MFPL) for announced expansion project focused on manganese-based ferro alloys.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.