Manaksia Coated Metals Reports Robust Profit Surge in Q1

Manaksia Coated Metals recorded a significant increase in its consolidated net profit to Rs 14 crore for Q1, driven by higher income. The company reported a total income of Rs 254 crore, marking a 30% increase year-on-year. Export revenue formed 56.78% of the total earnings.

Manaksia Coated Metals has recorded a substantial increase in its consolidated net profit, reaching Rs 14 crore for the April-June quarter. This marks a multi-fold rise compared to the Rs 3 crore net profit posted in the first quarter of the prior financial year.

The company's total income surged to Rs 254 crore, a 30% year-on-year increase, according to a statement released on Thursday. This growth was underpinned by an increase in both export and domestic revenues.

Exports accounted for Rs 141.83 crore, which represents 56.78% of the total revenue. Meanwhile, domestic revenue stood at Rs 107.95 crore. Karan Agrawal, a whole-time Director at Manaksia Coated Metals, highlighted a strong start to FY26, with a solid order book for the upcoming quarters.

(With inputs from agencies.)