Man Industries (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
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The Board of Man Industries approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Standalone revenue from operations grew marginally to Rs. 3,11,822 lakhs (vs Rs. 3,08,010 lakhs in FY24), while net profit jumped about 25% to Rs. 13,712 lakhs (vs Rs. 10,974 lakhs). Q4 was stronger, with net profit of Rs. 4,033 lakhs (vs Rs. 1,725 lakhs) and revenue of Rs. 85,044 lakhs. Basic EPS for FY25 stood at Rs. 21.18. The company reported an order book of approximately Rs. 2,500 crores to be executed over 6–12 months. The board also approved transfer of its stake in Man International Steel Industries to another wholly owned subsidiary in UAE and noted the resignation of Non-Executive Director Heena Vinay Kalantri.
Standalone earnings show healthy profit growth of around 25% YoY with a strong order pipeline, which is positive for shareholders. However, the auditor issued a MODIFIED opinion on the consolidated results (vs. clean opinion on standalone) and highlighted ongoing SEBI forensic audit and MCA regulatory matters, along with disputed trade receivables of about Rs. 9,079 lakhs — these are risk factors that may weigh on the stock despite the strong headline numbers.