Manaksia Coated Metals Makes Q3 FY26 Investor Call Recording Available
Manaksia Coated Metals reported strong Q3 FY26 results with net profit growth of 46.68% and nine-month profit surge of 241.25%. The company has made available its investor conference call recording from February 4, 2026, in compliance with SEBI regulations, while continuing strategic technology upgrades and capacity expansion initiatives.
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Manaksia coated metals & ind announced its consolidated financial results for Q3 and nine months FY26, demonstrating exceptional profitability growth with net profit surging 241% for the nine-month period. The leading coated steel manufacturer and exporter, specializing in pre-painted steel and Alu-Zinc coated steel products, showcased robust operational performance despite temporary capacity constraints during the quarter.
Consolidated Financial Performance
The company's consolidated results revealed strong profitability improvements across both quarterly and nine-month periods. While Q3 FY26 revenue experienced a decline due to planned plant shutdown for technology upgradation, the nine-month performance demonstrated substantial growth momentum.
| Particulars | Q3 FY26 | Q3 FY25 | YoY Change | 9M FY26 | 9M FY25 | YoY Change |
|---|---|---|---|---|---|---|
| Total Income (₹ Cr): | 189.90 | 207.83 | -8.62% | 667.52 | 579.81 | +15.13% |
| EBITDA (₹ Cr): | 18.50 | 17.25 | +7.27% | 76.57 | 45.88 | +66.90% |
| EBITDA Margin: | 9.73% | 8.30% | +144 BPS | 11.47% | 7.91% | +356 BPS |
| Net Profit (₹ Cr): | 7.35 | 5.01 | +46.68% | 35.32 | 10.35 | +241.25% |
| Net Profit Margin: | 3.87% | 2.41% | +146 BPS | 5.29% | 1.79% | +350 BPS |
| Diluted EPS (₹): | 0.73 | 0.67 | +8.95% | 3.49 | 1.39 | +151.07% |
Strategic Technology Upgradation and Capacity Enhancement
During Q3 FY26, the company undertook a planned plant shutdown for upgrading its continuous galvanizing line to Alu-Zinc coating technology. This strategic initiative temporarily impacted utilization levels but positions the company for enhanced margins through premium product offerings. The Alu-Zinc line has been successfully commissioned with stable production and consistent quality achieved.
Phase I Expansion Highlights
| Parameter: | Details |
|---|---|
| Technology Upgrade: | Galvanizing Line converted to Aluminium-Zinc coating |
| Commissioning Status: | Commercial production commenced December 2025 |
| Enhanced Capacity: | 1,80,000 MTPA |
| Market Position: | Among few producers in India with 100% Alu-Zinc coating capacity |
Future Growth Initiatives
The company has outlined comprehensive expansion plans to strengthen its market position and operational capabilities. Phase II expansion includes a second color coating line with significant capacity enhancement scheduled for Q1 FY27.
Upcoming Projects
| Project Component: | Specifications |
|---|---|
| Second Color Coating Line: | 1,50,000 tons per annum capacity |
| Total Color Coating Capacity: | 2,36,000 tons per annum (174% increase) |
| Solar Power Project: | 7 MWp captive solar plant in Gujarat |
| Expected Power Cost Reduction: | 30-35% |
| CRM Implementation: | Sales Force partnership for customer relationship management |
Export Performance and Market Position
Exports continued as a key growth driver, contributing 66.69% of total sales for the nine-month period. The company maintains a healthy export order book of approximately ₹350 crore, providing strong revenue visibility for upcoming quarters. The strategic location of manufacturing facilities in Kutch, Gujarat, near Kandla and Mundra Ports, enhances export efficiency and domestic market access.
Investor Conference Call Recording Available
Following the announcement of Q3 FY26 results, Manaksia Coated Metals & Industries Limited has made available the audio recording of its investor conference call held on February 4, 2026. The call discussed the financial results for the quarter ended December 31, 2025, in compliance with SEBI regulations. The company has officially communicated this to BSE Limited and National Stock Exchange of India Limited through a regulatory filing dated February 4, 2026.
| Conference Call Details: | Information |
|---|---|
| Date: | February 4, 2026 |
| Management Attendees: | Mr. Karan Agrawal (Whole Time Director), Mr. Tushar Agrawal (Senior VP), Mr. Mahendra Kumar Bang (CFO), Mr. Ronak Bhartia (Investor Relations) |
| Access Link: | Available on company website |
| Compliance: | No unpublished price sensitive information shared |
| Regulatory Filing: | Submitted under Regulation 30 and 46(2)(oa) of SEBI LODR |
Management Commentary and Outlook
Whole Time Director Karan Agrawal highlighted the company's operational excellence and strategic progress during the nine-month period. He emphasized the successful commissioning of Alu-Zinc coating technology and its expected contribution to improved EBITDA margins through premium product positioning. The management expressed confidence in achieving a Net Debt to EBITDA ratio of under 1x by FY26 end, improving from 1.93x in FY25.
Balance Sheet Strength and Financial Metrics
The company demonstrated strong cash flow generation and prudent capital allocation, with the debt-to-EBITDA ratio on track for significant improvement. The domestic market entering its peak demand season, combined with newly commissioned capacities and improving product mix, provides favorable conditions for continued growth momentum in subsequent quarters.
Historical Stock Returns for Manaksia Coated Metals & Ind
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.48% | +0.31% | -6.90% | -22.41% | +36.78% | +852.26% |
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