Manaksia Coated Metals Reports 360% Jump in Q1 Net Profit, Announces Capacity Expansion Plans
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.
22Jul 25
Manaksia Coated Metals Reports Stellar Q1 Performance with 370% Surge in Net Profit
Manaksia Coated Metals & Industries Limited (MCMIL) reported impressive Q1 results with net profit soaring 370% to ₹141.00 million. Revenue increased by 28.87% to ₹2,500.00 million, while EBITDA rose to ₹227.00 million with an improved margin of 9.09%. The company's Board approved Q1 results, scheduled the 15th AGM for September 16, 2025, set a dividend cut-off date, appointed new auditors, and approved a merger scheme with its subsidiary JPA Snacks Private Limited.
22Jul 25
Manaksia Coated Metals Approves Amalgamation with JPA Snacks, Announces Q1 Results and Key Appointments
Manaksia Coated Metals & Industries Limited (MCMIL) has approved the amalgamation with its wholly-owned subsidiary JPA Snacks Private Limited, adopted Q1 financial results, and made key corporate governance appointments. The amalgamation aims to simplify group structure and reduce costs. MCMIL's financial position as of March 31, 2025, shows net assets of 22,262.37 lakhs and revenue from operations of 78,162.76 lakhs. The company appointed new internal and secretarial auditors, scheduled its 15th AGM for September 16, 2025, and set record dates for shareholder voting and dividend entitlement.
Manaksia Coated Metals & Industries released its Q4 financial results, showing a 14.75% year-over-year revenue increase to ₹210.00 crore. Net profit remained stable at ₹51.00 crore, slightly down from ₹53.00 crore in the previous year. The company maintained consistent profitability despite revenue growth, suggesting effective cost management amid potential market pressures.