Man Industries Faces Profit Decline as Revenue Drops

Man Industries (India) Ltd reported a significant dip in consolidated net profit to Rs 50.85 crore in the March quarter, affected by reduced revenues. The company saw a total income decline and projects a revenue increase for FY27, supported by a current order book of Rs 3,000 crore.

Man Industries (India) Ltd experienced a substantial decline in net profit for the March quarter, recording Rs 50.85 crore. This marks a notable decrease of over 25% compared to Rs 68.15 crore in the same quarter last year, attributed to falling revenues, according to the company's recent exchange filing.

The company's total income for January-March dropped to Rs 1,165.51 crore, down from Rs 1,221.22 crore in the previous year's fourth quarter. However, the year-end figures for FY26 showed a net profit increase to Rs 170 crore compared to Rs 153 crore in FY25, with total income rising slightly to Rs 3,592 crore.

Despite the quarterly setback, Man Industries maintains a standalone order book valued at approximately Rs 3,000 crore, which offers solid revenue prospects for FY27. The company anticipates consolidated revenue guidance for FY27 to range between Rs 5,000 and Rs 5,500 crore.