Manaksia Coated Metals & Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 06, 2026.
MANAKCOAT · price
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Manaksia Coated Metals reported strong FY26 results with standalone revenue of Rs 884.5 crore, up 13% from Rs 781.6 crore in FY25. Net profit surged to Rs 4,097 Lacs from Rs 1,564 Lacs, more than doubling year-on-year. Basic EPS improved to Rs 4.25 from Rs 2.11. The Board recommended a final dividend of Rs 0.05 per share (5% on face value Rs 1). The auditors issued an unmodified (clean) opinion on both standalone and consolidated financial statements. The company appointed new internal auditor (Audittech 360) and cost auditor (S. Chhaparia & Associates) for FY27. Key management remuneration increases were approved for shareholder confirmation at AGM.
The company delivered robust profit growth with PAT more than doubling, indicating strong operational performance. Clean audit opinion removes any concerns about financial reporting quality. The modest 5% dividend yield reflects conservative profit distribution. Management remuneration increases suggest retention focus but will require shareholder approval.