Announced Mon, 10 Aug · 20:11 IST
Manaksia Steels Q1 profit jumps 3x, Rs 800 cr expansion approved
MANAKSTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.4%1-day move
₹80.21
prior close
₹84.71
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+4.4+6.3+7.2+6.7+8.5+6.0+30.3+47.7——
Up moveDown movePending
AI summary
Manaksia Steels reported strong Q1 FY27 results with standalone PAT at Rs 22.4 crore, up about 3.5x from Rs 6.3 crore last year, on revenue of Rs 302 crore (up about 50% YoY). Board approved an Rs 800 crore capex to expand its Haldia facility in two phases, adding Cold Rolled, Coated and Colour Coated steel capacity, funded by debt and internal accruals. The 25th AGM is set for September 23, 2026, with record date September 16, 2026.
Likely market impact
Strong Q1 earnings and major capacity expansion signal growth runway; large debt-funded capex could pressure near-term returns.