Manaksia Coated Metals & Industries Ltd has reported a remarkable financial performance for the second quarter, showcasing significant growth across key metrics. The company's results reflect a strong upward trajectory in profitability and operational efficiency.

Financial Highlights

Key Takeaways

Substantial Profit Growth

Manaksia Coated Metals & Industries witnessed an impressive 484.00% increase in net profit, rising from ₹24.00 crore in the previous year's Q2 to ₹140.20 crore in the current quarter.

Revenue Expansion

The company's top line showed robust growth, with revenue increasing by 25.71% year-over-year to reach ₹220.00 crore, up from ₹175.00 crore in the same quarter last year.

Improved Operational Efficiency

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) more than doubled, growing from ₹10.90 crore to ₹26.10 crore, representing a 139.45% increase.

Enhanced Profitability

The EBITDA margin expanded significantly, rising from 6.25% in the previous year's Q2 to 11.84% in the current quarter, indicating improved operational efficiency and cost management.

The substantial growth in net profit, coupled with a notable increase in revenue and EBITDA, suggests that Manaksia Coated Metals & Industries has effectively capitalized on market opportunities and potentially improved its operational processes. The significant expansion in EBITDA margin further underscores the company's ability to enhance profitability while growing its business.

These results may reflect positively on the company's strategic initiatives, market positioning, and overall financial health. However, investors and analysts may want to look into the factors driving this growth, such as any changes in market conditions, product mix, or cost-saving measures implemented by the company.

It's important for stakeholders to consider these quarterly results in the context of broader market trends and the company's long-term performance before making investment decisions.

Manaksia Limited , a diversified conglomerate, has announced several key developments following its board meeting held on July 30, 2025. The company has approved its unaudited financial results for the first quarter of the fiscal year 2025-26, scheduled its Annual General Meeting (AGM), and appointed new secretarial auditors.

Q1 FY2026 Financial Results

The Board of Directors of Manaksia Limited approved the unaudited financial results for the quarter ended June 30, 2025. While specific financial figures were not disclosed in the provided information, the company has stated that the results have been reviewed by the audit committee and approved by the board. The statutory auditors have conducted a limited review of these results in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Annual General Meeting and Voting Details

The company has set the date for its 41st Annual General Meeting, which will be held on Tuesday, September 23, 2025, at 12:30 P.M. The AGM will be conducted through video conferencing or other audio-visual means, in line with current corporate practices. Shareholders should note that September 16, 2025, has been designated as the cut-off date to determine voting eligibility for the AGM.

Appointment of New Secretarial Auditors

In a significant move, Manaksia Limited has appointed M/s. MKB & Associates, a peer-reviewed firm of Practicing Company Secretaries, as its new Secretarial Auditors. The appointment is for a term of five consecutive financial years, from 2025-26 to 2029-30. This appointment is subject to shareholder approval at the upcoming AGM.

MKB & Associates, based in Kolkata with a pan-India presence, is known for its comprehensive professional services in corporate law compliance, management consultancy, and legal advisory. The firm, led by Managing Partner Mr. Manoj Kumar Banthia, brings 27 years of experience in corporate and allied laws to Manaksia Limited.

Demerger Update

The company also provided an update on its previously announced demerger scheme. In March 2025, Manaksia Limited's board had approved a Scheme of Arrangement for the demerger of its Metal Product business undertaking into Manaksia Ferro Industries Limited, a wholly-owned subsidiary. The scheme has received approvals from the BSE Limited, National Stock Exchange of India Limited, and the Securities and Exchange Board of India (SEBI). The next step involves filing the scheme with the National Company Law Tribunal (NCLT) for final approval.

Looking Ahead

As Manaksia Limited moves forward with these corporate actions, shareholders and investors will be keenly watching the company's performance in the coming quarters. The upcoming AGM will provide a platform for shareholders to engage with the management and gain further insights into the company's strategies and future outlook.

The company has stated that all relevant documents and information regarding these developments are available on its website www.manaksia.com and on the websites of the stock exchanges where Manaksia Limited's equity shares are listed.