Manaksia Steels Limited — Results, 12-02-2025: Integrated Filing- Financial

Manaksia Steels Limited has announced a board meeting on February 12, 2025, to review the financial results for the quarter and nine months ended December 31, 2024. The consolidated revenue stood at ₹16,082.56 crore with a net loss of ₹1,206.61 crore for the period. The company reported exceptional losses attributed to foreign exchange fluctuations in its Nigerian subsidiaries. This financial performance indicates a challenging operational environment. Investors may perceive this situation as a potential risk, particularly due to the currency devaluation impacts, while monitoring future recovery strategies.