Latest news with #NikhilMansukhani
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Man Industries shares plunge 10% as revenue drops; check Q1 breakdown here
Shares of Man Industries fell over 10 per cent on Tuesday after the company reported a marginal decline in revenue in the June quarter of the current financial year (Q1FY26) The iron and steel products maker's stock fell as much as 10.11 per cent during the day to ₹398.1 per share, the biggest intraday fall since April 7 this year. The stock pared gains to trade 7 per cent lower at ₹412 apiece, compared to a 0.20 per cent advance in Nifty 50 as of 9:40 AM. Shares of the company are down 6 per cent from their peak in June and currently trade at 15 times the average 30-day trading volume, according to Bloomberg. The counter has risen 11.8 per cent this year, compared to a 4.2 per cent advance in the benchmark Nifty 50. Man Industries has a total market capitalisation of ₹2,771.77 crore. Man Industries (India) Q1 results The company reported a 44.99 per cent year-on-year (Y-o-Y) increase in net profit to ₹27.62 crore for the quarter ended June, compared with ₹19.05 crore in the same period last year. The growth came despite a 0.88 per cent decline in sales to ₹742.13 crore from ₹748.70 crore a year earlier. At the operating level, Ebitda rose 28.2 per cent to ₹49.4 crore from ₹38.5 crore, with the Ebitda margin improving to 6.6 per cent from 5.1 per cent in the year-ago quarter. The company's executable order book stood at ₹3,200 crore as of June 2025, with deliveries scheduled over the next six to 12 months. It also has a bid pipeline of around ₹15,000 crore. The company said that the export volumes in the quarter were impacted by deferments in certain scheduled consignments due to vessel availability issues arising from the Iran-Israel conflict. These shipments are now in transit and are expected to be accounted for in the current quarter. Man Industries management commentary The company reaffirmed its FY26 revenue growth guidance of 20 per cent, supported by the strong momentum expected in the second half of the fiscal year. "This confidence is underpinned by our robust production schedule for H2FY26 and steady order inflows, which are set to significantly enhance capacity utilisation." "The strong rise in profitability and healthy margin expansion this quarter underscores the resilience, scalability, and operational excellence of our business model," Nikhil Mansukhani, managing director, said. "With our capacity expansion projects in Saudi Arabia and Jammu progressing well, we are well on track to enhance production capabilities, drive efficiencies, and strengthen our footprint in both domestic and international markets."
Business Standard
05-06-2025
- Business
- Business Standard
Man Industries gains after bagging Rs 1,150-cr export order
Man Industries (India) rose 2.26% to Rs 403.45 after the company announced that it had secured a new export order worth Rs 1,150 crore from an international customer for the supply of various types of pipes. The order is expected to be executed over the next 6 to 12 months. With this addition, the companys total unexecuted order book stands at approximately Rs 3,500 crore, highlighting sustained customer trust in its technological capabilities, quality standards, and execution track record. Nikhil Mansukhani, managing director of MAN Industries (India), said, The start of the year is proving exceptionally strong for MAN Industries, highlighted by the multiple orders totaling approximately Rs 3,500 crore. These are testimonials to our steadfast focus on delivering product excellence and timely deliveries. We expect this momentum to continue during the year; such projects are also testament to the prowess of MAN Industries and our cutting-edge technological capabilities. Man Industries is a leading manufacturer and exporter of large-diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products, and potable water. The companys consolidated net profit jumped 182.4% to Rs 68.15 crore on a 50.3% rise in net sales to Rs 1,218.49 crore in Q4 FY25 over Q4 FY24.
&w=3840&q=100)
Business Standard
05-06-2025
- Business
- Business Standard
Man Industries share price zooms 6% in trade today, June 5; here's why
Man Industries share price: Pipe maker Man Industries shares jumped up to 6.05 per cent to hit an intraday high of 418.45 However, at 1:40 PM, Man Industries shares were off highs, and were trading 1.55 per cent higher at 400.65 per share. In comparison, BSE Sensex was trading 0.44 per cent higher at 81,355.06 level. Why are Man Industries shares buzzing in trade today? Man Industries share prices were buzzing in trade after the company announced that it has secured an order worth approximately ₹1,150 crore from an international customer. In an exchange filing, Man Industries said, 'We are pleased to inform you that the company has received a new export order for approximately ₹1,150 crore. This order is expected to be delivered during the next 6 to 12 months.' 'This order significantly demonstrates the robust strength and market credibility in global markets and highlights Man Industries' growing reputation as a trusted supplier in the international pipeline industry,' Man Industries highlighted. According to the order details, the company will be responsible for supplying different types of pipes to a respected international customer. Notably, the work is expected to be completed within the next 6 to 12 months. Man Industries' total unexecuted order book now stands at approximately ₹3,500 crore, including today's order. 'The start of the year is proving exceptionally strong for Man Industries, highlighted by the multiple orders totalling approximately ₹3,500 crore. These are testimonial to our steadfast focus on delivering product excellence and timely deliveries. We expect this momentum to continue during the year, such projects are also testament to the prowess of Man Industries and our cutting-edge technological capabilities,' said Nikhil Mansukhani, managing director of Man Industries. The development, Man Industries believes, marks yet another milestone in the company's journey toward expanding its global presence and serving strategic infrastructure and energy sectors worldwide. About Man Industries Man Industries, the flagship company of the Man Group, was established by the Mansukhani family in 1970. Under the leadership of R C Mansukhani, the group began its journey as an aluminum extrusions manufacturer in 1988 and has since evolved into a key player in the global line pipe industry. Today, Man Industries is one of the leading manufacturers and exporters of large-diameter carbon steel pipes—including Longitudinal Submerged Arc Welded (LSAW), Helically Submerged Arc Welded (HSAW), and Electric Resistance Welded (ERW) pipes. These products are widely used in high-pressure transmission applications across the oil & gas, petrochemical, water, fertilizers, dredging, and city gas distribution (CGD) sectors. The company operates three state-of-the-art manufacturing facilities. Two are located in Anjar, Gujarat—one equipped with two LSAW and two HSAW lines, and another focused on ERW pipe production (both API and non-API). The third facility is in Pithampur, Madhya Pradesh. Combined, these units offer an installed capacity of over 1.18 million tonnes per annum (MTPA). To diversify its product portfolio, Man Industries is investing around ₹600 crore to set up new capacities. This includes a stainless-steel seamless pipe manufacturing unit in Jammu and a new integrated line pipe and coating facility in Dammam, Saudi Arabia, aimed at serving the growing Middle East market.
Business Standard
03-06-2025
- Business
- Business Standard
Man Industries to raise Rs 300 crore via preferential issue
Man Industries (India) announced plans to raise up to Rs 300 crore through a preferential allotment of convertible warrants and equity shares to promoter and non-promoter entities, subject to shareholder and regulatory approvals. The proposal includes the issuance of 12,19,512 convertible warrants to Man Finance at Rs 328 each, aggregating approximately Rs 39.99 crore. Additionally, 79,26,822 equity shares will be allotted to non-promoters at the same price, totaling around Rs 259.99 crore. The funds are intended to support ongoing capital expenditure for expansion projects in Jammu and Saudi Arabia, enhance working capital, and strengthen the balance sheet. An Extraordinary General Meeting (EGM) is scheduled for 25 June 2025, to seek shareholder approval. Nikhil Mansukhani, Managing Director, stated, The proposed capital raise marks a significant step toward reinforcing our growth strategy. It will enable us to enhance execution capabilities, support strategic expansion, and continue delivering value to our stakeholders. Man Industries is a leading manufacturer and exporter of large-diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products, and potable water. The company reported a consolidated net profit of Rs 68.1 crore in Q4 FY25, which is nearly three times the PAT of Rs 24.1 crore recorded in Q4 FY24. Revenue from operations increased by 50.3% year-over-year (YoY) to Rs 1,218.5 crore in the March 2025 quarter. Shares of Man Industries declined 1.12% to Rs 398.65 on the BSE.
Business Standard
12-05-2025
- Business
- Business Standard
Man Industries hits the roof after PAT rises nearly 3x YoY to Rs 68 crore in Q4
Man Industries (India) was locked in 20% upper circuit at Rs 314.10 after the company reported a consolidated net profit of Rs 68.1 crore in Q4 FY25, which is nearly three times the PAT of Rs 24.1 crore recorded in Q4 FY24. Revenue from operations increased by 50.3% year-over-year (YoY) to Rs 1,218.5 crore in the March 2025 quarter. EBITDA rose by 87.9% to Rs 136.7 crore in Q4 FY25 from Rs 72.7 crore in Q4 FY24. EBITDA margin expanded by 230 basis points to 11.1% in the fourth quarter from 9% in the same period last year. For FY25, Man Industries has recorded a consolidated net profit of Rs 153.2 crore (up 46% YoY) and total income of Rs 3,557 crore (up 11% YoY). As of FY25-end, the company holds an executable order book of RS 2,500 crore for fulfillment over the next 612 months, with a total bid book of Rs 15,000 crore, indicating strong demand visibility and revenue growth potential. In its outlook, the company said: We are targeting a ~20% YoY revenue growth for FY26, backed by timely execution of ongoing and upcoming projects, capacity expansion, and continued order inflows. With a strategic emphasis on operational excellence, product innovation, and international market expansion, MAN Industries is well-positioned to deliver sustained value to all stakeholders. Nikhil Mansukhani, managing director, MAN Industries (India), said: "The substantial growth in profitability and margins underscores the resilience and scalability of our business model. Our targeted expansion into the ERW segment, successful execution of high-value projects, robust order book, and the strategic monetization of a non-core asset have laid a strong foundation for continued momentum in FY26. With capacity expansions progressing in Saudi Arabia and Jammu, we are confident in our ability to scale operations and deepen our footprint across domestic and global markets. Man Industries is a leading manufacturer and exporter of large-diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products, and potable water.
