Manaksia Coated Metals & Industries Limited held its Board of Directors meeting on May 6, 2026, approving the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also recommended a final dividend, made key managerial appointments, and approved new auditors, all filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance: Q4 and Full Year FY26

The company delivered a strong financial performance for FY26, with standalone net profit rising sharply to ₹4,097.15 lacs from ₹1,564.33 lacs in the previous year. On a consolidated basis, net profit for the full year stood at ₹4,068.75 lacs compared to ₹1,538.83 lacs in the prior year. The following table summarises key standalone and consolidated financial metrics:

Segment Performance

The Metal Products segment remained the dominant revenue contributor for both the quarter and the full year. The segment-wise revenue and results for the standalone entity are presented below:

Dividend and Key Board Decisions

The board recommended a final dividend of Re. 0.05 (5%) per equity share of face value Re. 1/- for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. The dividend, if approved, will be paid within 30 days from the date of declaration; the record date will be intimated separately.

The board also approved the re-appointment of Mr. Addanki Venkata Srinarayana (DIN: 10141427) as Wholetime Director for a period of 3 years with effect from May 30, 2026, subject to shareholder approval. Mr. Srinarayana is a Science Graduate pursuing an MBA, has been associated with the company for over 14 years, and brings more than 35 years of experience in production planning, process and project management, budget and cost control, plant operations, and HR management. He serves as General Manager (Profit Centre Head) cum Project Head at the company's Mandiddep, Bhopal unit.

Additionally, the board approved increases in remuneration for Managing Director Mr. Sushil Kumar Agrawal (DIN: 00091793), Wholetime Director Mr. Karan Agrawal (DIN: 05348309), and Senior Vice-President Mr. Tushar Agrawal — all subject to shareholder approval at the ensuing Annual General Meeting.

Auditor and Internal Auditor Appointments

The board approved the appointment of M/s Auditteck 360 Financial Services Private Limited as Internal Auditor for FY2026-27. The firm offers services including management and internal audit, process optimisation, IFRS services, CFO services, legal advisory, and secretarial compliance, with over 5 years of experience in auditing and financial services. The board also approved the appointment of M/s S. Chhaparia & Associates (FRN: 101591) as Cost Auditor for FY2026-27, subject to ratification of remuneration by shareholders. The firm is led by Mr. Sachin Chhaparia, a Practicing Cost Accountant in continuous practice since 2011 and a member of both ICAI and ICSI.

Balance Sheet and Cash Flow Highlights

As at March 31, 2026, the standalone total assets stood at ₹74,709.62 lacs compared to ₹63,984.36 lacs in the prior year, reflecting growth in both non-current and current assets. On a consolidated basis, total assets were ₹75,480.56 lacs against ₹64,601.33 lacs previously. Standalone equity increased to ₹34,353.13 lacs from ₹22,262.37 lacs, while consolidated equity rose to ₹34,895.68 lacs from ₹22,669.51 lacs. Standalone net cash flow from operating activities was negative at ₹(715.16) lacs, while consolidated net cash flow from operating activities was ₹(887.84) lacs. Proceeds from the issue of share warrants contributed ₹8,036.03 lacs to financing activities on both a standalone and consolidated basis.

Regulatory Compliance and Auditor's Report

The financial results were reviewed and recommended by the Audit Committee and approved by the Board at its meeting held on May 6, 2026, commencing at 12:30 PM and concluding at 5:30 PM. The statutory auditors, M/s S. Bhalotia & Associates, Chartered Accountants (Firm Registration No. 325040E), issued an unmodified opinion on both the standalone and consolidated annual financial results for the year ended March 31, 2026, in compliance with Regulation 33 of the SEBI Listing Regulations. The intimation was signed by Company Secretary & Compliance Officer Shruti Agarwal (Membership No.: F12124).

Manaksia coated metals & ind announced its consolidated financial results for Q3 and nine months FY26, demonstrating exceptional profitability growth with net profit surging 241% for the nine-month period. The leading coated steel manufacturer and exporter, specializing in pre-painted steel and Alu-Zinc coated steel products, showcased robust operational performance despite temporary capacity constraints during the quarter.

Consolidated Financial Performance

The company's consolidated results revealed strong profitability improvements across both quarterly and nine-month periods. While Q3 FY26 revenue experienced a decline due to planned plant shutdown for technology upgradation, the nine-month performance demonstrated substantial growth momentum.

Strategic Technology Upgradation and Capacity Enhancement

During Q3 FY26, the company undertook a planned plant shutdown for upgrading its continuous galvanizing line to Alu-Zinc coating technology. This strategic initiative temporarily impacted utilization levels but positions the company for enhanced margins through premium product offerings. The Alu-Zinc line has been successfully commissioned with stable production and consistent quality achieved.

Phase I Expansion Highlights

Future Growth Initiatives

The company has outlined comprehensive expansion plans to strengthen its market position and operational capabilities. Phase II expansion includes a second color coating line with significant capacity enhancement scheduled for Q1 FY27.

Upcoming Projects

Export Performance and Market Position

Exports continued as a key growth driver, contributing 66.69% of total sales for the nine-month period. The company maintains a healthy export order book of approximately ₹350 crore, providing strong revenue visibility for upcoming quarters. The strategic location of manufacturing facilities in Kutch, Gujarat, near Kandla and Mundra Ports, enhances export efficiency and domestic market access.

Investor Conference Call Recording Available

Following the announcement of Q3 FY26 results, Manaksia Coated Metals & Industries Limited has made available the audio recording of its investor conference call held on February 4, 2026. The call discussed the financial results for the quarter ended December 31, 2025, in compliance with SEBI regulations. The company has officially communicated this to BSE Limited and National Stock Exchange of India Limited through a regulatory filing dated February 4, 2026.

Management Commentary and Outlook

Whole Time Director Karan Agrawal highlighted the company's operational excellence and strategic progress during the nine-month period. He emphasized the successful commissioning of Alu-Zinc coating technology and its expected contribution to improved EBITDA margins through premium product positioning. The management expressed confidence in achieving a Net Debt to EBITDA ratio of under 1x by FY26 end, improving from 1.93x in FY25.

Balance Sheet Strength and Financial Metrics

The company demonstrated strong cash flow generation and prudent capital allocation, with the debt-to-EBITDA ratio on track for significant improvement. The domestic market entering its peak demand season, combined with newly commissioned capacities and improving product mix, provides favorable conditions for continued growth momentum in subsequent quarters.