Maan Aluminium Limited has informed the Exchange about Transcript
MAANALU · price
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Maan Aluminium held its Q3 FY26 earnings call. Revenue declined 16% YoY to INR 152 crores due to lower trading volumes and muted export demand, but EBITDA grew 16% to INR 7 crores on better manufacturing mix, with PAT flat at INR 3 crores. 9M FY26 revenue was INR 554 crores (-2% YoY) while EBITDA rose 19% to INR 25 crores on value-added contribution. Management detailed extrusion capacity expansion from 10,000 to 24,000 MT and a 3-year cumulative capex plan of INR 190+ crores, including the Dewas precision tubing facility acquired for INR 8.75 crores. They guided for normalized EBITDA margins of ~8% over the medium term, USD 450 per ton EBITDA, 18,000-ton volumes, and INR 500 crores manufacturing revenue for next year. Key positives include a signed Tata contract for 500 tons/month, while 450 tons of US orders were lost due to tariff issues.
Mixed near-term outlook — growth story from Tata contract, aerospace entry, and Dewas ramp-up is positive, but weak current capacity utilization (~25%) and lost US orders suggest transitional pressure. Watch for commissioning of anodizing and Dewas facilities over the next 6-10 months for margin expansion.