Maan Aluminium Limited — Investor Meet, 04-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Maan Aluminium reported flat FY26 revenue at INR809 Cr, with EBITDA up 3% to INR31 Cr. PAT declined 19% to INR13 Cr due to higher raw material and energy costs. Net worth jumped 54% to INR274 Cr after an INR83 Cr preferential capital raise. Extrusion capacity increased to 24,000 tons, with FY26 volumes at 7,300 MT. Management anticipates a flat FY27 but expects significant ramp-up over 2-3 years, targeting 75-80% utilization. Focus is on high-margin value-added products and import substitution from the new Dewas precision tubing facility, despite initial delays. Export markets remain challenging due to duties and high commodity prices. Management is confident in long-term value creation.