Manaksia Limited reported a significant turnaround in profitability for the first quarter of FY27, posting a consolidated net profit of ₹266.78 crore for the quarter ended June 30, 2026. This marks a sharp improvement from the net loss of ₹153.88 crore recorded in the same quarter of the previous fiscal year.

The company’s consolidated revenue from operations rose 28.5% year-on-year to ₹2,227.58 crore, up from ₹1,733.89 crore in Q1FY26. Standalone revenue from operations also expanded, reaching ₹388.12 crore compared to ₹312.25 crore in the prior year period.

Segment Performance

The growth was broad-based across the company’s key business verticals:

• Metal Products: Revenue increased 19.2% YoY to ₹1,856.11 crore, with segment profit rising to ₹85.07 crore from ₹105.42 crore.
• Packaging Products: This segment saw robust growth, with revenue surging 110% YoY to ₹371.48 crore. Segment profit jumped significantly to ₹102.01 crore from ₹12.73 crore.

What the Numbers Show

A notable divergence exists between the standalone and consolidated results. While the standalone entity reported a modest net profit of ₹70.61 crore, the consolidated group delivered a substantially higher net profit of ₹266.78 crore. This suggests that the subsidiaries contributed significantly to the overall bottom line, likely driven by the high-margin performance in the packaging segment and other group entities.

Additionally, the company recorded other income of ₹226.13 crore on a consolidated basis, which constituted approximately 9.2% of total revenue. In contrast, standalone other income was ₹74.31 crore against total revenue of ₹462.43 crore, indicating a higher reliance on core operational revenues at the parent level compared to the group structure.

Corporate Developments

The Board of Directors, meeting on August 12, 2026, also approved the date for the 42nd Annual General Meeting (AGM), scheduled for September 23, 2026. The cut-off date for shareholders entitled to vote via remote e-voting is set for September 16, 2026.

The company continues to pursue its demerger scheme for the Metal Product business undertaking into Manaksia Ferro Industries Limited. The scheme has received approvals from BSE, NSE, and SEBI and is pending final approval from the National Company Law Tribunal (NCLT). No financial effect of the proposed demerger has been recognized in the current quarter’s results pending regulatory clearance.

Manaksia Limited reported a consolidated net profit of ₹5,292.27 lakh for the financial year ended March 31, 2026, a decline from ₹5,812.38 lakh in the previous year. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The statutory auditors, S K Agrawal and Co Chartered Accountants LLP, issued an unmodified opinion on the standalone and consolidated financial results. The company published these audited results in Business Standard (English) and Ekdin (Bengali) newspapers on May 30, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The consolidated revenue from operations for FY26 stood at ₹78,409.13 lakh, an increase from ₹73,104.83 lakh in FY25. Total income rose to ₹82,263.69 lakh from ₹78,536.89 lakh in the prior year. On a standalone basis, the company reported a net loss of ₹451.68 lakh for FY26, compared to a net profit of ₹576.30 lakh in FY25. Standalone revenue from operations increased to ₹17,306.15 lakh from ₹16,582.69 lakh.

Financial Performance

The board approved the re-appointment of Mr. Suresh Kumar Agrawal as Managing Director for a further period of three years effective from November 23, 2026, subject to shareholder approval. Additionally, the board approved the re-appointment of Agrawal Tondon & Co. as the Internal Auditor for the financial year 2026-27. The company noted that the consolidated financial results include the audited results of certain subsidiaries and unaudited results of a step-down subsidiary, which management stated are not material to the group.

Key Financial Metrics

Segment Performance

The Metal Products segment reported the highest revenue contribution at ₹69,279.95 lakh for the year, followed by Packaging Products at ₹9,042.96 lakh. The Metal Products segment also led in profit before interest and tax at ₹3,566.28 lakh. The company's total assets as of March 31, 2026, stood at ₹86,187.96 lakh on a consolidated basis, up from ₹71,364.33 lakh in the previous year.