Manaksia Steels Limited has informed the Exchange about General Updates
MANAKSTEEL · price
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Manaksia Steels reported its Q1 FY26 results (quarter ended June 30, 2025). Standalone revenue from operations rose to Rs. 200.98 crore from Rs. 156.31 crore a year ago, a growth of about 28.6%. Standalone EBITDA jumped to Rs. 12.54 crore (vs Rs. 6.39 crore) and profit after tax (PAT) climbed to Rs. 6.35 crore from Rs. 2.33 crore, nearly tripling year-on-year. Consolidated PAT stood at Rs. 6.49 crore vs Rs. 1.63 crore. The Board approved a second Colour Coating Line at Haldia, West Bengal, adding 90,000 MTPA to the existing 48,000 MTPA (a near 3x capacity increase), with an investment of about Rs. 40 crore funded entirely through internal accruals, targeted for Q4 FY26. The 24th AGM is set for September 23, 2025, and the company also re-appointed Mrs. Nidhi Baheti as Independent Director and appointed MKB & Associates as Secretarial Auditors for five years. A new Aluzinc Coated Steel Line was commissioned on June 10, 2025, and a fresh corporate logo was adopted.
Strong Q1 earnings beat, a near-tripling of profits, and a major 3x capacity expansion fully funded by internal cash signal a growth phase for shareholders. The capacity addition and new Aluzinc line point to rising volumes ahead, though execution within the Q4 FY26 timeline and absorbing nearly Rs. 40 crore of capex are the key things to watch.