Maithan Alloys Ltd

Q2 FY22Ferrous Metals

Maithan Alloys Q2 FY22 earnings call: Revenue & Margins

Q2 FY22 investor presentation: what the company reported on revenue, margins and projects.

Price₹977

Market cap₹2.9K Cr

P/E10.1

Updated25 Sept 2026

Read4 min read

Based on Maithan Alloys Ltd's Q2 FY22 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

Q2 FY22 Revenue: Rs. Q2 FY22 Financials: - EBITDA: Rs.

From Maithan Alloys Ltd's Q2 FY22 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q2 FY22 Revenue: Rs. 666 Crores
Q2 FY21 Revenue: Rs. 409 Crores
Year-on-Year Growth: +63% (Rs. 666 Cr vs Rs. 409 Cr) as per page 18
Manufacturing Revenue Q2 FY22: Rs. 571 Crores (vs Rs. 392 Cr in Q2 FY21) +46% growth

- **No explicit outlook or future revenue/volume guidance** is provided in the presentation for upcoming quarters or fiscal years. - The presentation highlights strong operational performance and expansion projects but does not state specific forward-looking revenue or volume targets. Thus, the investor presentation reports a robust 63% YoY revenue increase for Q2 FY22 but does not explicitly state revenue or volume outlooks.

2 more points management made on revenue & sales performance

Profitability & Margins

Q2 FY22 Financials:
EBITDA: Rs. 222 Cr (up 213% YoY from Rs. 71 Cr in Q2 FY21)
Operating Margin (Manufacturing EBITDA margin): 33.3% (up from 17.3% in Q2 FY21)
Profit After Tax (PAT): Rs. 164 Cr (up 199% YoY from Rs. 55 Cr in Q2 FY21)
Year-on-Year Change:
Revenue grew from Rs. 409 Cr to Rs. 666 Cr (+63% YoY)
Manufacturing Revenue rose from Rs. 392 Cr to Rs. 571 Cr (+46% YoY)
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 plans to incorporate a wholly owned subsidiary for an expansion project focused on manganese-based ferro alloys, primarily funded through internal accruals and reserves (Page 22).
Maithan Alloys Limited emerged as the successful bidder for Impex Metal & Ferro Alloys Limited (IMFAL), which has a capacity of 49,500 tons per annum of Silico Manganese, located at Bobbili, Vizianagaram, Andhra Pradesh (Page 17).
The projected expenditure for IMFAL rehabilitation is Rs. 140 crore, with Rs. 121.1 crore incurred till September 30, 2021 (including Rs. 74.2 crore to bankers consortium, Rs. 35.8 crore for repairs and rehabilitation, Rs. 30 crore security deposits, and Rs. 5.9 crore raw material purchased) (Page 17).

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

As per the Consolidated Balance Sheet (Page 25), borrowings decreased from Rs. 45.1 Cr in Mar-21 to Rs. 5.9 Cr in Sep-21.
Cash and cash equivalents increased from Rs. 18.6 Cr in Mar-21 to Rs. 106.2 Cr in Sep-21.
Net cash from financing activities was negative Rs. 39.9 Cr for Sep-21 vs. negative Rs. 7.1 Cr in Sep-20, indicating repayment or reduction in borrowings.
The company remains in a net cash position with liquid investments and cash & bank balances totaling significant amounts (e.g., Rs. 749.6 Cr liquid investments as of Sep-21).

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 report any details regarding order book, order inflow, or pending orders. There is no mention or data related to these metrics in the provided pages of the presentation. The presentation primarily focuses on financial performance, operational metrics, business updates, leadership, and strategic initiatives but does not disclose information about order backlog or new 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 Q2 FY22 results?

Q2 FY22 Revenue: Rs. Q2 FY22 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?

The company plans to incorporate a wholly owned subsidiary for an expansion project focused on manganese-based ferro alloys, primarily funded through internal accruals and reserves (Page 22). - Maithan Alloys Limited emerged as the successful bidder for Impex Metal & Ferro Alloys Limited (IMFAL), which has a capacity of 49,500 tons per annum of Silico Manganese, located at Bobbili, Vizianagaram, Andhra Pradesh (Page 17). - The projected expenditure for IMFAL rehabilitation is Rs.

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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.