Manaksia Coated Metals Posts Stellar Q1 FY26 Growth

Manaksia Coated Metals reports robust Q1 FY26 financials with a 29.97% YoY income rise. The company highlights strong growth in earnings and exports, with notable efficiency at its Gujarat facility. Strategic plans and recent capital raise position the company for long-term success and operational excellence.

Mumbai, July 24: Manaksia Coated Metals & Industries Limited, a key player in the coated steel sector, showed substantial financial growth in Q1 FY26 with a 29.97% increase in total income, amounting to ₹253.94 crore.

The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 93.36% to ₹28.62 crore, signaling a robust operational efficiency with EBITDA margins reaching 11.27%. The net profit surged by a significant 369.70% to ₹14.01 crore, reflecting a profitable start to the fiscal year.

With heightened demand for high-quality steel, exports contributed 56.78% to total revenue. Upcoming projects, such as a new Alu-Zinc galvanizing line and a solar power plant, align with their long-term strategy, while a recent capital raise has bolstered their financial standing.

(With inputs from agencies.)