MAAN Aluminium Reports Q2 FY26 Results, Unveils Rs. 110 Crore CAPEX Plan for Value Addition
Maan Aluminium Limited reported Q2 FY26 results with a 6.96% YoY revenue decline to Rs. 191.10 crore, but improved profitability metrics. Net profit increased 13.73% to Rs. 5.80 crore. The company announced a Rs. 110 crore CAPEX plan for value addition capabilities, including powder coating, anodizing, and machining facilities. Maan Aluminium has doubled its extrusion capacity to 24,000 tons per annum and aims to achieve 15%-18% EBITDA margins in 2-3 years. The company is focusing on high-margin sectors like defense, aerospace, and EV battery components.

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Maan Aluminium Limited, a leading player in the aluminium extrusion industry, has reported its Q2 FY26 results and announced ambitious plans for expansion and value addition. The company's financial performance and strategic initiatives signal a focus on growth and enhanced profitability.
Q2 FY26 Financial Highlights
Maan Aluminium reported the following key figures for the quarter ended September 2025:
| Metric | Q2 FY26 (Rs. Crore) | YoY Change |
|---|---|---|
| Revenue | 191.10 | -6.96% |
| Operating Profit | 8.00 | 5.26% |
| EBITDA | 11.30 | 29.89% |
| Net Profit | 5.80 | 13.73% |
| EPS (Rs.) | 1.07 | 12.63% |
Despite a slight decline in revenue compared to the previous year, the company has shown improvement in profitability metrics, with notable increases in operating profit, EBITDA, and net profit.
Expansion and Value Addition Plans
Maan Aluminium has announced a significant CAPEX plan of Rs. 110 crores, focusing on enhancing its value addition capabilities. The key aspects of this investment include:
- Powder coating facilities
- Anodizing capabilities
- Machining facilities
These investments are expected to improve the company's product offerings and potentially increase profit margins.
Capacity Enhancement
The company has already doubled its extrusion capacity from 12,000 tons to 24,000 tons per annum. This expansion positions Maan Aluminium to cater to growing market demand and potentially increase its market share.
Future Outlook
Maan Aluminium's management expects to achieve 15%-18% EBITDA margins within the next 2-3 years. This projection is based on:
- Enhanced value-added services
- Focus on high-margin sectors such as defense, aerospace, and electric vehicles (EV)
- Improved operational efficiency from recent capacity expansion
Industry Positioning
Maan Aluminium is strategically positioning itself in the following key sectors:
- Defense
- Aerospace
- Electric Vehicle (EV) battery components
These sectors are expected to see significant growth in the coming years, potentially providing Maan Aluminium with new opportunities.
Conclusion
Maan Aluminium's Q2 FY26 results and strategic initiatives demonstrate the company's commitment to growth and value creation. The substantial CAPEX plan, coupled with capacity expansion and focus on high-growth sectors, indicates a forward-looking approach. Investors and industry observers will be keenly watching how these initiatives translate into financial performance in the coming quarters.
Historical Stock Returns for Maan Aluminium
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.48% | -0.73% | -4.22% | +19.67% | -1.78% | +1,301.02% |































