Results - Announcements
Man Industries (India) Ltd share price rose by 5.71% to Rs 840.7 after the company's net profit saw a strong growth of 20.81% to Rs 61.43 crore, while revenue from operations eased by 9% to Rs 1053.13 crore in Q1FY27 over Q1FY26.
The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.4 lakh crore, gaining 9.26%. It has softened by 0.33% over last one week and heading higher by 9.62% in last one month while the market capitalization of Man Industries (India) Ltd has inched up 5.58% and 40.25% in the same period respectively.
Profit before tax (PBT) of Man Industries (India) Ltd stood at Rs 85.45 crore in Q1 FY27, surging by 123.34% year-on-year, and rallying 17.10% quarter-on-quarter. EBITDA came in at Rs 132 crore, expanding by 646.40% YoY and easing 0.07% sequentially.
Total expenses slightly declined by 9.68% to Rs 939.55 crore in Q1FY27 over Q1FY26. During the quarter, cost of materials consumed stood at Rs 501.62 crore, slumping by 24.39% YoY, while employee benefits expense was at Rs 36.1 crore, soaring 23.42% YoY.
For FY26, revenue from operations grew marginally by 1.67% to Rs 3563.9 crore, while net profit expanded by 11.30% to Rs 170.48 crore, compared to previous FY. EBITDA witnessed a strong improvement of 28226% to Rs 410.71 crore, and PBT registered a growth of 13.72% to Rs 236.94 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 514.91 crore in FY26, as against Rs 129.75 crore in FY25.
Man Industries (India) Ltd surged by 120.98% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 2.37% during the same period.