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Maan Aluminium's H1FY26 revenue grew 5% YoY to ₹402 Cr, though Q2 saw a 7% dip to ₹191 Cr. Manufacturing revenue was robust, up 22% in Q2 and 14% in H1, offsetting a significant decline in trading. EBITDA climbed 30% YoY to ₹11 Cr in Q2, with H1 EBITDA up 21% to ₹18 Cr. PAT also improved, rising 12% in Q2 to ₹6 Cr.
The company is strategically transforming into a high-value aluminium converter. Key drivers include a massive capacity expansion from 10,000 to 24,000 TPA with a new Italian extrusion line, enabling complex profiles and advanced alloys for aerospace, defence, and automotive sectors. The recent ₹8.75 Cr acquisition of the Dewas plant will further boost precision tubing capabilities, with trial productions slated for H2FY26.
A significant recent development is the withdrawal of US anti-dumping duties in November 2024, expected to re-energize export markets. Management sees strong future opportunities driven by this restored global playing field, coupled with 'Make in India' and import substitution initiatives.