Q3 FY26: Consolidated 9M PAT jumps 264% on low base; demerger pending NCLT
MANAKSIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manaksia reported Q3 and 9M FY26 unaudited results on Jan 30, 2026. Standalone 9M revenue grew about 18% YoY to Rs 547.41 cr but standalone 9M PAT fell 13% to Rs 40.42 cr from Rs 46.65 cr. Consolidated 9M PAT jumped 264% to Rs 10.28 cr from Rs 2.83 cr, helped by a low base last year hit by an exceptional foreign exchange loss on Nigerian currency devaluation. Demerger of Metal Products business into wholly owned subsidiary Manaksia Ferro Industries has shareholder approval, awaits NCLT clearance.
Strong consolidated earnings rebound driven by no repeat of prior year one-time Nigerian FX loss. Demerger into subsidiary is a key structural catalyst awaiting NCLT.