MAN Industries Q1 FY27 Earnings: Revenue up 37.6%, PAT jumps 118%

Mgmt Guided Margin ImprovementPromoter Disclosed Acquisition PlansOrder Pipeline DisclosedInvestor Communications View source PDF Explain this filing

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AI summary

MAN Industries reported Q1 FY27 consolidated revenue of Rs 1,065 Cr, up 37.6% YoY. EBITDA rose 91.3% to Rs 155 Cr with margin expanding 420 bps to 14.6%, and PAT jumped 118% YoY to Rs 61 Cr. The company completed 100% acquisition of Saudi Arabia's National Pipe Company on May 21, 2026, adding 430,000 MTPA capacity, an immediate USD 120 Mn order book, and Aramco vendor status, with guided margins of 15-18%. Jammu stainless steel plant and Dammam coating plant are targeted for March 2027 commissioning.

Likely market impact

Strong Q1 with margin expansion. NPC acquisition adds capacity, Aramco access, and USD 120 Mn order book; full contribution starts Q2 FY27.