MAN Industries Q3 PAT up 12% to ₹34 crore

MAN Industries (India) Ltd, a Large Diameter SAW Pipe manufacturing company for the third quarter ended December 31, 2024 reported 12% growth in consolidated net profit at ₹34.1 crore as compared with ₹30.6 crore a year ago.

Consolidated revenue from operations dropped 12% to ₹732 crore Year on Year (YoY).

The company’s standalone Profit After Tax (PAT) remained flat at ₹37.6 crore as compared with ₹37.2 crore a tear ago. Revenue from operations dropped to ₹731 crore from ₹830 crore a year ago.

Nikhil Mansukhani, Managing Director, MAN Industries (India) Ltd said, “We are pleased to report a resilient quarter on profitability front despite decline in revenue amid delay in export shipments caused due to non-availability of vessels. 

“We maintain our positive outlook for the financial year FY25, with a strong order book of approximately ₹2,900 crore slated for completion over the next 6 to 12 months and hence we maintain our full year revenue guidance of ₹3,300 crore,” he said,

“Our expansion plans for both H-SAW in Saudi and Stainless-Steel Seamless Tubes in Jammu are progressing as planned, and we are committed to meeting our objectives and fulfilling our obligations to all stakeholders,” he added.