Manaksia Coated Metals Reports 360% Jump in Q1 Net Profit, Announces Capacity Expansion Plans 1 day ago
Manaksia Coated Metals & Industries Limited reported impressive Q1 results with a 29.97% increase in consolidated total income to INR 253.94 crores and a 359.70% surge in net profit to INR 14.01 crores. EBITDA grew by 93.36% to INR 28.62 crores, with margin expansion of 370 basis points. Exports contributed 57% of total revenue, growing 166.14% year-on-year. The company announced plans to upgrade its galvanizing line to Alu-Zinc technology, add a new color coating line, and install a 7-megawatt solar power plant. With INR 174.87 crores raised through preferential warrants, Manaksia aims to become a top player in India's value-added downstream steel products sector.
Manaksia Coated Metals Reports Stellar Q1 Performance with 370% Surge in Net Profit 4 days ago
Manaksia Coated Metals Approves Amalgamation with JPA Snacks, Announces Q1 Results and Key Appointments 4 days ago