Man Industries (India) Ltd

EBITDA improved by 61.4% to Rs 136 crore in Q3 FY26 from Rs 84 crore in Q3 FY25. EBITDA margin was 16.2% in Q3 FY26, reflecting the highest consolidated quarterly margin achieved by the company to date. This strong performance was driven by a favourable product and geographic mix. The company maintained a net cash position of around Rs 38 crore as of 31 December 2025, reflecting a healthy balance sheet. The company's executable order book stood at around Rs 4,000 crore, providing healthy revenue visibility over the next 6'12 months and underpinning growth momentum in the coming quarters. Man Industries' strategic capacity expansion initiatives in Saudi Arabia and Jammu are progressing as planned, with key civil works and major equipment installations largely completed. The Saudi facility is expected to commence commercial production by Q1 FY27, strengthening the company's regional footprint, while the Jammu facility remains on track for commissioning by Q2 FY27. The company added that the outlook for the year remains strong, supported by steady order execution and healthy order inflows, and reiterated its full-year revenue guidance of Rs 3,600'3,700 crore, implying 15'20% year-on-year growth in its core business. Nikhil Mansukhani, managing director, MAN Industries (India), said, We are pleased to report our highest-ever quarterly EBITDA margins, reflecting the strength of our strategy, disciplined execution, and continued focus on operational efficiency. With a record order book, steady progress on our capacity expansions in Saudi Arabia and Jammu, and an expanding global footprint, we are well positioned for the next phase of growth. Our emphasis on value-added products, prudent capital allocation, and customer diversification will continue to support sustainable performance and strengthen our leadership in the global line pipe industry.' Man Industries is a leading manufacturer and exporter of large-diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products, and potable water.Powered by Capital Market - Live

Net profit of Man Industries (India) rose 61.31% to Rs 55.04 crore in the quarter ended December 2025 as against Rs 34.12 crore during the previous quarter ended December 2024. Sales rose 13.45% to Rs 830.38 crore in the quarter ended December 2025 as against Rs 731.94 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales830.38731.94 13 OPM %15.3710.76 - PBDT97.7858.10 68 PBT76.2946.86 63 NP55.0434.12 61 Powered by Capital Market - Live

Man Industries (India) will hold a meeting of the Board of Directors of the Company on 9 February 2026.Powered by Capital Market - Live

Man Industries (India) announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 February 2026.Powered by Capital Market - Live

The orders are scheduled to be executed within six months, which should support near-term revenue visibility. The contracts have been awarded by both domestic and overseas customers, reflecting continued demand across key end markets. The company clarified that the orders do not involve any related-party transactions, with no promoter or promoter group interest in the awarding entities, and have been awarded at arm's length. MAN Industries (India) is the flagship company of the MAN Group. The company is one of the largest manufacturers and exporters of large diameter carbon steel line pipes in India, with capabilities in LSAW (longitudinal submerged arc welded), HSAW (helical submerged arc welded), and ERW (electric resistance welded) pipe technologies, as well as advanced pipe coating solutions. The company's consolidated net profit rose 16.07% to Rs 36.98 crore on a 3.46% increase in revenue to Rs 834.09 crore in Q2 FY26 as compared with Q2 FY25. Powered by Capital Market - Live

Man Industries (India) has received new orders for Rs 550 crore to be executed over the next six months. With this, the total unexecuted order book of the company stands at Rs 4,600 crore. Powered by Capital Market - Live

Man Industries (India) announced that the name of its foreign subsidiary, Man Overseas Metal DMCC, has been changed to Man Overseas Invest FZCO, as approved by the regulatory authority in Dubai. Powered by Capital Market - Live

Man Industries (India) has entered into a Memorandum of Understanding (MoU) with the Aramco Asia India, to explore the long-term supply of product range of MAN Industries (India) or any of its subsidiaries and for business potential of setting up a manufacturing facility in Saudi Arabia. Key Highlights of the MOU: The MoU is effective immediately for a period of five years. Exploring the potential to establish a state-of-the-art steel pipe manufacturing facility in the Kingdom of Saudi Arabia through MAN or its subsidiaries. Joint development of advanced capabilities, technologies, and resources to support the energy, infrastructure, and industrial requirements of Saudi Arabia, the GCC, and the broader Middle East region.Powered by Capital Market - Live

This MoU, which is effective immediately and will remain in force for a period of five years, seeks to explore the potential for establishing a steel pipe manufacturing facility in the Kingdom of Saudi Arabia through MAN or its subsidiaries. The collaboration is also designed to undertake the joint development of advanced capabilities, technologies, and resources. This effort aims to support the energy, infrastructure, and industrial requirements of Saudi Arabia, the GCC, and the broader Middle East region. MAN Industries (India) is the flagship company of the MAN Group. The company is one of the largest manufacturers and exporters of large diameter carbon steel line pipes in India, with capabilities in LSAW (longitudinal submerged arc welded), HSAW (helical submerged arc welded), and ERW (electric resistance welded) pipe technologies, as well as advanced pipe coating solutions. The company's consolidated net profit rose 16.07% to Rs 36.98 crore on a 3.46% increase in revenue to Rs 834.09 crore in Q2 FY26 as compared with Q2 FY25. Powered by Capital Market - Live

Net profit of Man Industries (India) rose 16.07% to Rs 36.98 crore in the quarter ended September 2025 as against Rs 31.86 crore during the previous quarter ended September 2024. Sales rose 3.46% to Rs 834.09 crore in the quarter ended September 2025 as against Rs 806.23 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales834.09806.23 3 OPM %14.527.90 - PBDT71.6053.58 34 PBT49.4342.81 15 NP36.9831.86 16 Powered by Capital Market - Live