Manaksia Coated Metals & Industries Limited — Updates, 13-02-2025: Press Release

Manaksia Coated Metals & Industries Limited reported a total income of ₹207.83 Cr for Q3 FY25, reflecting a 7.05% increase from ₹194.14 Cr in Q3 FY24. EBITDA rose significantly by 22.25% to ₹17.25 Cr, contributing to a margin expansion of 103 basis points. Net profit surged 23.70% to ₹5.01 Cr, driven by enhanced operational efficiency. The company’s nine-month performance also showed positive trends with total revenue reaching ₹579.81 Cr.

The share of exports soared, accounting for 41% of revenue in Q3 FY25, with a remarkable 87% YoY growth in export revenue to ₹96.73 Cr. A key strategic move includes securing a ₹200 Cr export order from the European market, bolstering the export order book to ₹350 Cr.

To support growth, the company approved a preferential issue of 2,07,00,000 convertible warrants at ₹65 each, expected to raise ₹134.55 Cr for debt reduction and capacity enhancements in Alu-Zinc and pre-painted steel production. With improving profitability and strategic initiatives, the outlook for Manaksia remains positive, positioning it well for potential growth.