Manaksia Aluminium Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
MANAKALUCO · price
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Manaksia Aluminium reported FY25 revenue from operations of Rs 50,914.75 lakhs, up 17.7% from Rs 43,249.30 lakhs in FY24. Net profit after tax rose 18.9% to Rs 604.58 lakhs (vs Rs 508.57 lakhs), translating to an EPS of Rs 0.92 (vs Rs 0.78). The Board recommended a final dividend of Re 0.07 per share (7% on face value of Re 1). Statutory auditor M/s Dangi Jain & Co. issued an unmodified (clean) opinion on the results. The company also disclosed incorporation of a new wholly-owned subsidiary in the USA (Manaksia Aluminium Inc.) and a contested GST demand of Rs 12.48 crore plus Rs 1.25 crore penalty. Cost of materials and finance costs both rose sharply, with finance costs climbing 28% to Rs 2,752.68 lakhs.
Healthy top-line and bottom-line growth with a clean audit opinion is positive, but rising finance costs and a 48% jump in short-term borrowings (to Rs 20,698.84 lakhs) signal growing working-capital stress. Shareholders should note the small dividend and the pending GST litigation as overhangs on the stock.