Iron & Steel Products company Man Industries (India) announced Q3FY25 results Revenue: Rs 7,319 million compared to Rs 8,330 million during Q3FY24. EBITDA: Rs 843 million compared to Rs 791 million during Q3FY24. EBITDA margin: 11.4% for Q3FY25. PAT: Rs 341 million compared to Rs 306 million during Q3FY24. PAT margin: 4.6% for Q3FY25. Nikhil Mansukhani, Managing Director, MAN Industries (India), said: “We are pleased to report a resilient quarter on profitability front despite decline in revenue amid delay in export shipments caused due to non-availability of vessels. The company has delivered the multi-quarter high Consolidated EBITDA Margin of 11.4%+. We maintain our positive outlook for the financial year FY25, with a strong order book of approximately ~INR 29 bn slated for completion over the next 6 to 12 months and hence we maintain our full year revenue guidance of ~INR 33 bn. Our expansion plans for both H-SAW in Saudi and Stainless-Steel Seamless Tubes in Jammu are progressing as planned, and we are committed to meeting our objectives and fulfilling our obligations to all stakeholders.” Result PDF
Iron & Steel & Products company Man Industries (India) announced Q2FY25 results Revenue Rs 806.2 crore (+7.7% QoQ). EBITDARs. 74.5 crore (+28.7% QoQ). EBITDA Margin 9.2% ( +151 bps). PAT Rs 31.9 crore (+67.2% QoQ). Cash Profit Rs 42.6 crore (+34.2% QoQ). Nikhil Mansukhani, Managing Director, MAN Industries (India), said: “We are happy to announce a sustainable quarter. The industry faced a decline of 15% in steel prices from its high in recent months. Having said that, your company witnessed a growth of 7.7 % Q-o-Q basis sequentially on account of higher sales volumes. Our promising guidance for the financial year is intact. On the operational front, we have a strong order book of Rs +3,100 crore to be concluded in the next 6 to 12 months. We envisage a strong order book for coming quarters and are hopeful for a stronger performance going forward. Having said that, your company is aggressively heading towards its expansion plans for both SAW and Stainless-Steel Seamless Tubes, which are very much on track. We believe we can fulfil our commitments towards all our stakeholders.” Result PDF
Iron & Steel products company Man Industries (India) announced Q1FY25 results: Standalone Revenue: Rs 731.9 crore, up 57.7% YoY. Standalone EBITDA: Rs 61.8 crore, up 21.6% YoY. Standalone Profit After Tax (PAT): Rs 24.1 crore, up 103.2% YoY. Consolidated Revenue: Rs 748.7 crore, up 52.7% YoY. Consolidated EBITDA: Rs 57.9 crore, up 14.7% YoY. Consolidated Profit After Tax (PAT): Rs 19.1 crore, up 69.9% YoY. Future Outlook: The company anticipates stronger and more sustainable operating and net profit margins moving forward, particularly with the ramp-up of ERW mill and value-added products like API Pipes, which started production in Q4 FY24. Unexecuted Order Book: Approximately Rs 4,000 crore, expected to be executed within the next 6 to 12 months. Net Cash Position: Rs 174 crore as of March 31, 2024. Reflecting on the company's Q1FY25 performance, Nikhil Mansukhani, Managing Director, MAN Industries (India), said, "We are happy to announce a strong and sustainable quarter. Our promising performance in the last quarter and securing new order wins are emphasizing our commitment towards excellence despite of global and domestic headwinds. On operational front, we have a strong order book of aprrox. Rs 4,000 crore to be concluded in next 6 to 12 months. We envisage a strong order book for coming quarters and are hopeful for the stronger performance going forward. Having said that, Our ERW mill has successfully received API (American Petroleum Institute) Certification, these pipes are usually required in O&G; industry and with higher margin. Your company is aggressively heading towards its expansion plans for both SAW and Stainless-Steel Seamless Tubes, which are very much on track. Further, I am quite excited to announce our upcoming line pipe and coating facilities in Dammam, Saudi Arabia that would cater overwhelming Saudi demand. We believe we can fulfil our commitments towards all our stakeholders. Result PDF