Manaksia Steels Limited — Important, 29-07-2025: General Updates

Manaksia Steels' board has announced the financial results for the quarter ended June 30, 2025. Consolidated revenue rose to ₹217.49 Cr from ₹165.18 Cr year-on-year, with net profit surging to ₹6.49 Cr from ₹1.63 Cr.

A significant business development is the approval for a second Colour Coating Line at Haldia, boosting capacity by 90,000 MT/annum to a total of 1,38,000 MT/annum. This ₹40 Cr investment, funded by internal accruals, aims to meet market demand. The company also commissioned a new Aluzinc Coated Steel Line earlier this quarter, reflecting expanded operational capabilities.