Manaksia Coated Metals & Industries Limited , a leading manufacturer of premium coated steel products, has reported a stellar performance for the first quarter, with significant growth across key financial metrics and ambitious expansion plans on the horizon.

Financial Highlights

The company's consolidated total income surged by 29.97% year-on-year to INR 253.94 crores. More impressively, net profit skyrocketed by 359.70% to INR 14.01 crores, showcasing the company's ability to translate revenue growth into bottom-line results.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial increase of 93.36% year-on-year, reaching INR 28.62 crores. The EBITDA margin expanded by 370 basis points to 11.27%, reflecting improved operational efficiency.

Export Performance

Manaksia Coated Metals demonstrated exceptional export performance during the quarter. Exports contributed a record 57% of total revenue, with export volumes growing by an impressive 166.14% year-on-year. This strong export growth has been attributed to the company's focus on developing quality-conscious customers in the European market over the past 5-7 years.

Capacity Expansion and Technology Upgrade

The company announced several strategic expansion initiatives:

1. Alu-Zinc Technology Upgrade: The existing galvanizing line will be upgraded to Alu-Zinc technology, increasing capacity to 180,000 metric tons per annum. This upgrade is expected to be completed by the end of Q2 FY26.

2. Second Color Coating Line: A new color coating line is planned, which will boost the company's color coating capacity. This line is expected to be commissioned in Q4 FY26.

3. Solar Power Plant: A 7-megawatt captive solar power plant is in the works, aimed at reducing grid dependency and enhancing cost efficiency.

Financial Strategy

Manaksia Coated Metals has successfully raised INR 174.87 crores in equity through preferential warrants, with INR 161.22 crores already infused into the company. This capital infusion is expected to strengthen the company's financial foundation and support its expansion plans.

Future Outlook

The company is targeting a peak revenue of INR 1,600 crores with full capacity utilization. Management expects the Alu-Zinc upgrade to result in an EBITDA margin expansion of 30%.

With its strategic location near major ports and a balanced approach to domestic and export markets, Manaksia Coated Metals is well-positioned to capitalize on the growing demand for Alu-Zinc coated steel products in India, particularly in infrastructure projects, warehousing, and the cold storage industry.

As the company moves forward with its expansion plans, it aims to become one of the top three players in India's value-added downstream steel products sector, with a targeted capacity of half a million tons in the medium term.

Manaksia Coated Metals & Industries Limited (MCMIL) has reported a remarkable financial performance for the first quarter, showcasing significant growth across key metrics. The company's strategic initiatives and market conditions have contributed to this impressive upswing in its financial results.

Financial Highlights

• Net Profit: Skyrocketed to ₹141.00 million, marking a staggering 370% increase from ₹30.00 million in the same period last year.
• Revenue: Climbed to ₹2,500.00 million, up from ₹1,940.00 million, representing a solid 28.87% year-over-year growth.
• EBITDA: Rose to ₹227.00 million, compared to ₹132.00 million in the previous year, indicating improved operational efficiency.
• EBITDA Margin: Expanded to 9.09% from 6.81%, reflecting enhanced profitability.

Company Developments

In addition to the strong financial performance, MCMIL's Board of Directors has made several key decisions in their recent meeting:

1. Financial Results Approval: The Board has approved and adopted the unaudited financial results for the quarter ended June 30, 2025.

2. Annual General Meeting: The 15th Annual General Meeting (AGM) is scheduled for September 16, 2025, to be conducted through video conferencing or other audio-visual means.

3. Dividend Consideration: September 9, 2025, has been set as the cut-off date for shareholders entitled to receive the final dividend, subject to approval at the AGM.

4. Auditor Appointments:

   • M/s Audittech 360 Financial Services Private Limited has been appointed as the Internal Auditor for the financial year 2025-26.
   • Mr. Anil Kumar Dubey of M/s M & A Associates has been appointed as the Secretarial Auditor for a period of 5 years, subject to shareholder approval.

5. Corporate Restructuring: The Board has approved a draft scheme of amalgamation between JPA Snacks Private Limited (a wholly-owned subsidiary) and MCMIL. This move aims to simplify the group structure, improve administration, and reduce compliance requirements and related costs.

The company's strong quarterly performance, coupled with these strategic decisions, positions Manaksia Coated Metals & Industries Limited for continued growth and operational efficiency in the coming periods. Investors and stakeholders will be keenly watching how these initiatives translate into long-term value creation for the company.