Manaksia Coated Metals & Industries Ltd reported a consolidated net profit of ₹14.10 crore for the quarter ended June 30, 2026, a sharp increase of 162.45% from ₹5.37 crore in the preceding quarter. Revenue from operations for the period stood at ₹263.07 crore, compared to ₹228.75 crore in the quarter ended March 31, 2026. The company's Board of Directors approved the unaudited standalone and consolidated financial results for Q1FY27 at a meeting held on July 14, 2026.

The standalone net profit for the quarter was ₹141.62 lakh, a substantial rise from ₹64.45 lakh in the previous quarter. Total income increased to ₹2,630.39 lakh from ₹2,287.18 lakh in Q4FY26. The financial results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, M/s S Bhalotia & Associates, Chartered Accountants.

Financial Performance

The company's profitability improved significantly, driven by higher income and efficient cost management. EBITDA for the quarter stood at ₹29.08 crore versus ₹15.64 crore in the previous quarter, with the EBITDA margin expanding to 11.06% from 6.84% QoQ. Total expenses for the consolidated entity were ₹2,441.41 lakh, up from ₹2,223.63 lakh in the prior quarter. Finance costs for the quarter stood at ₹68.57 lakh, while employee benefit expenses were ₹51.18 lakh.

The following table summarises the key consolidated financial metrics for the quarter:

Key year-on-year performance highlights are presented below:

Operational and Regulatory Updates

The unaudited consolidated financial results include the company's share of total revenue of ₹2.69 lakh and a net loss of ₹6.25 lakh for its subsidiaries, JPA Snacks Pvt Ltd and Manaksia International FZE, for the quarter ended June 30, 2026. The management stated that these results are based solely on management-certified accounts and are not material to the company.

Regarding segment reporting, the company noted that it had previously identified two operating segments: Metal Products and Other Products. However, following a reassessment during the current quarter, the management determined that neither segment individually satisfies the quantitative thresholds prescribed under Ind AS 108. Consequently, segment-wise information has not been furnished for the quarter ended June 30, 2026.

The company also disclosed the conversion of warrants into equity shares. A total of 80,00,000 equity shares were allotted against warrants on June 30, 2026, following the receipt of full consideration. These conversions were part of a preferential allotment issued in January 2025.

Manaksia Coated Metals & Industries has approved the re-appointment of Sushil Kumar Agrawal as its Managing Director. The decision marks a significant corporate governance development for the company, reinforcing continuity in its senior leadership structure.

Leadership Continuity at Manaksia Coated Metals & Industries

The board of Manaksia Coated Metals & Industries has formally approved the re-appointment of Sushil Kumar Agrawal to the position of Managing Director. This move signals the board's confidence in his continued leadership of the company's operations and strategic direction.

Key Details of the Re-Appointment

The re-appointment of Sushil Kumar Agrawal as Managing Director represents a key corporate milestone for Manaksia Coated Metals & Industries. Such leadership decisions are subject to board approval and reflect the organisation's governance framework in action. The continuity of the Managing Director role is expected to provide stability to the company's management structure.