Manaksia Steels Limited has delivered exceptional financial performance for Q3FY26, reporting significant growth across all key metrics. The company announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing robust operational momentum despite seasonal market challenges.

Outstanding Q3FY26 Performance

The company demonstrated remarkable growth in both standalone and consolidated operations during the third quarter. The financial highlights reflect strong capacity utilization and effective market expansion strategies.

Consolidated Results Excellence

The consolidated operations, including subsidiaries Federated Steel Mills Limited, Far East Steel Industries Limited, and Sumo Agrochem Limited, also showed strong performance:

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, the company maintained strong momentum across all parameters:

Management Commentary on Strategic Growth

Mr. Varun Agarwal, Managing Director, highlighted the company's resilient performance despite seasonal headwinds. The company achieved impressive 110% year-on-year growth in sales volumes, reflecting strong capacity utilization and wider market reach. EBITDA improved sequentially with a 225% year-on-year increase, supported by better operating leverage and improved cost efficiency.

The company initiated trial supplies to new prospected customers in Europe and Africa during the quarter. These trials are progressing well and are expected to establish long-term commercial relationships, potentially culminating in long-term MOUs to strengthen international footprint.

Operational Excellence and Expansion

The Aluzinc-Coated Steel Line continued strong performance, operating at around 80% capacity utilization. This stabilization enabled existing colour-coating capacity to operate at near-maximum utilization, improving overall plant efficiency and product mix.

Progress on the new Colour-Coating Line at Haldia remains on schedule, with commissioning activities underway and trial production expected to commence by February–March, 2026. The Nigerian subsidiary, Federated Steel Mills Ltd., reported over 50% year-on-year revenue growth and achieved positive PAT with continued stability in the Nigerian Naira.

Manaksia steels Limited has responded to a surveillance query from BSE Limited regarding recent price movements in its securities. The company issued its clarification on December 24, 2025, addressing concerns raised by the exchange about unusual trading activity.

Regulatory Compliance Confirmation

The steel company confirmed its full compliance with regulatory requirements in its response to BSE's surveillance department. The exchange had sought clarification through reference number L/SURV/ONL/PV/AJ/2025-2026/3239 dated December 24, 2025, regarding price movements across exchanges.

Company's Official Statement

Manaksia Steels emphasized its adherence to Regulation 30 and all applicable regulations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it has been providing comprehensive details of all events, announcements, and price-sensitive information that could impact its operations or performance to stock exchanges in a timely manner.

While acknowledging the observed price movements, the company clarified that it does not possess any additional information or pending announcements that could explain the recent trading behavior. The management confirmed no undisclosed material information exists that would warrant reporting to stock exchanges.

Key Clarifications

The company's response addressed several critical points:

• Full compliance with SEBI listing regulations maintained
• All material events and price-sensitive information disclosed timely
• No pending announcements or undisclosed information available
• Regular monitoring and reporting of operational developments

Corporate Communication

The clarification was signed by Ajay Sharma, Company Secretary, representing the board's official position on the matter. This response demonstrates the company's commitment to transparent communication with regulatory authorities and maintaining investor confidence through proper disclosure practices.

The steel company's proactive response to the surveillance query reflects standard market practice when exchanges seek clarification on unusual price or volume movements in listed securities.