Man Industries (India) Limited — Updates, 13-02-2025: Press Release

MAN Industries (India) Ltd reported a resilient performance for the quarter and nine months ended December 31, 2024, with standalone EBITDA of INR 868 million, reflecting a year-over-year increase of 1.8%, and a margin rise to 11.6%. Consolidated EBITDA reached INR 843 million, up 6.6% year-over-year, with margins at 11.4%. Profit after tax (PAT) for Q3 was INR 376 million, slightly up from INR 372 million a year prior, while consolidated PAT grew 11.5% to INR 341 million.

Key highlights include securing new orders worth INR 2.5 billion, expanding its order book to INR 29 billion due for completion in 6-12 months, and a robust bid book totaling approximately INR 150 billion. The expansion projects in Saudi Arabia and Jammu are progressing on schedule, with both expected to commence production by Q3 FY26. The Managing Director affirmed a positive outlook for FY25, maintaining revenue guidance of INR 33 billion amid ongoing operational challenges related to export shipment delays.