Manaksia Steels Limited has informed the Exchange that Record date for the purpose of Annual General Meeting is 16-Sep-2025.
MANAKSTEEL · price
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Manaksia Steels reported strong Q1FY26 results with standalone revenue from operations rising ~28.6% year-on-year to Rs. 20,097.78 lakhs and profit after tax surging ~173% to Rs. 634.71 lakhs (from Rs. 232.59 lakhs in Q1FY25). Consolidated revenue grew ~31.6% to Rs. 21,749.08 lakhs with PAT of Rs. 648.59 lakhs versus Rs. 162.97 lakhs a year ago. EBITDA more than doubled to Rs. 1,254.04 lakhs standalone, with margins expanding notably. The board approved a Rs. 40 crore capacity expansion to add a second Colour Coating Line (90,000 MTPA) at Haldia, taking total capacity to 1,38,000 MTPA, funded entirely through internal accruals by Q4FY26. The 24th AGM is fixed for 23 September 2025 with cut-off date of 16 September 2025, and the company also commissioned a new Aluzinc Coated Steel Line on 10 June 2025.
A strong quarter with sharp PAT growth and margin expansion, coupled with a debt-free capacity addition, signals improving profitability and growth momentum. The expansion to 1,38,000 MTPA positions the company to capture rising domestic and export demand, which should be viewed positively by shareholders.