Man Industries Reports Strong Q3FY26 Results with 62% Jump in Net Profit
Man Industries (India) Limited reported strong Q3FY26 results with standalone revenue growing 10.00% to ₹80,354 lakhs and net profit surging 61.90% to ₹6,090 lakhs year-on-year. For nine months FY26, revenue reached ₹2,29,828 lakhs with net profit of ₹12,564 lakhs, up 29.80% from previous year. The company maintains a robust order book of ₹4,005 crores to be executed within 6-12 months, indicating strong business prospects in the steel pipes segment.
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Man Industries (India) Limited announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, showcasing strong operational performance across key financial metrics. The Board of Directors approved these results at their meeting held on February 9, 2026.
Standalone Financial Performance
The company delivered impressive standalone results for Q3FY26, demonstrating robust growth across revenue and profitability parameters.
| Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹80,354 lakhs | ₹73,083 lakhs | +10.00% |
| Total Income | ₹81,701 lakhs | ₹74,549 lakhs | +9.60% |
| Net Profit | ₹6,090 lakhs | ₹3,761 lakhs | +61.90% |
| Basic EPS | ₹8.45 | ₹5.72 | +47.70% |
The revenue growth was driven by increased operational efficiency and market demand for steel products. Total expenses for the quarter stood at ₹73,528 lakhs compared to ₹69,523 lakhs in the previous year, reflecting controlled cost management despite inflationary pressures.
Nine Months Performance Analysis
For the nine months ended December 31, 2025, Man Industries maintained consistent growth momentum with revenue from operations reaching ₹2,29,828 lakhs compared to ₹2,26,777 lakhs in the corresponding period last year.
| Parameter | 9M FY26 | 9M FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹2,29,828 lakhs | ₹2,26,777 lakhs | +1.30% |
| Net Profit | ₹12,564 lakhs | ₹9,680 lakhs | +29.80% |
| Basic EPS | ₹17.43 | ₹15.05 | +15.80% |
Consolidated Results Overview
On a consolidated basis, the company reported revenue from operations of ₹83,038 lakhs for Q3FY26 compared to ₹73,194 lakhs in Q3FY25, representing growth of 13.40%. Consolidated net profit attributable to owners stood at ₹5,504 lakhs versus ₹3,412 lakhs in the previous year quarter.
Operational Highlights
The company operates primarily in the steel pipes segment and maintains a strong order book position of approximately ₹4,005 crores to be executed within 6 to 12 months. This substantial order book provides revenue visibility and reflects the company's strong market position in the steel products industry.
Finance costs included interest on bill discounting and buyers/suppliers credit of ₹1,133 lakhs for the quarter and ₹3,311 lakhs for nine months ended December 31, 2025. Depreciation and amortisation expenses included amortisation of leasehold rights of ₹951 lakhs for the quarter and ₹2,223 lakhs for the nine months period.
Segment Performance
The consolidated segment report shows manufacturing and trading in steel products generated revenue of ₹83,038 lakhs for Q3FY26. The segment results before other income, finance cost and tax stood at ₹10,466 lakhs, demonstrating strong operational efficiency in the core business segment.
The financial results were reviewed by the Audit Committee and approved by the Board of Directors, with statutory auditors A. Sachdev & Co. providing limited review reports for both standalone and consolidated results.
Historical Stock Returns for Man Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.36% | +18.73% | +0.72% | -10.15% | +33.40% | +396.08% |
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