Maithan Alloys Ltd

Q2 FY21Ferrous Metals

Maithan Alloys Q2 FY21 earnings call: Revenue & Margins

Q2 FY21 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 Q2 FY21 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

Quarterly Revenue (Q2 FY21): Rs. Q2 FY21 Figures: - EBITDA: Rs.

From Maithan Alloys Ltd's Q2 FY21 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Quarterly Revenue (Q2 FY21): Rs. 409 Crs compared to Rs. 470 Crs in Q2 FY20, indicating a decline of Rs. 61 Crs year-on-year.
Half Year Revenue (H1 FY21): Rs. 675 Crs vs Rs. 956 Crs in H1 FY20, showing a significant decline.
Volume or Sales figures: Not explicitly stated in the presentation.
Year-on-Year Change: Revenue declined approx. 13% for Q2 and around 29% for H1 compared to previous year.

2 more points management made on revenue & sales performance

Profitability & Margins

Q2 FY21 Figures:
EBITDA: Rs. 71 Cr (vs. Rs. 53 Cr in Q2 FY20, a ~34% increase)
Operating EBIT: Rs. 67 Cr (vs. Rs. 49 Cr in Q2 FY20)
PAT: Rs. 55 Cr (vs. Rs. 42 Cr in Q2 FY20, ~31% increase)
Operating Margin:
Manufacturing EBIT margins historically range around ~14% (Page 18)
Presentation notes maintaining sustainable margins and improved performance due to cost efficiencies.
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

The company proposes to incorporate a wholly owned subsidiary to undertake the announced expansion project primarily for manganese-based ferro alloys (Page 19).
Expansion funding will mainly come through internal accruals and reserves (Page 19).
No specific capex amounts or timelines are disclosed in the presentation.

Manufacturing facilities described include state-of-the-art plants at Visakhapatnam (72 MVA), Kalyaneshwari (48.75 MVA), and Byrnihat (16.5 MVA) with no direct mention of new plant construction or capacity increments beyond existing capacities (Page 9).
Expansion plans include organic and inorganic growth opportunities mentioned under Key Differentiators, but no detailed project specifics or timelines provided (Page 6).

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 presentation does not explicitly mention any fundraising through debt or equity.
Long-term debt decreased significantly from Rs. 140.7 Cr in H1FY16 to Rs. 3.5 Cr in H1 FY21.
Short-term debt also reduced over the years, with fluctuations, recorded as Rs. 0.1 Cr in Sep-20 compared to Rs. 6.8 Cr in Mar-20.
Current borrowings dropped from Rs. 6.8 Cr in Mar-20 to Rs. 0.1 Cr in Sep-20.
Cash and cash equivalents decreased sharply from Rs. 625.3 Cr in Mar-20 to Rs. 72.8 Cr in Sep-20.

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 provided investor presentation does not explicitly report on: - Order book - Order inflow - Pending orders No specific details or figures related to order book status, order inflow, or pending orders are mentioned in the slides or text of the presentation. The focus is mainly on financial performance, operating metrics, leadership, and company background.

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 Q2 FY21 results?

Quarterly Revenue (Q2 FY21): Rs. Q2 FY21 Figures: - 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?

The company proposes to incorporate a wholly owned subsidiary to undertake the announced expansion project primarily for manganese-based ferro alloys (Page 19).

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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.