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Man Industries (India) Limited Q4 FY25 results deck summary

NSE: MANINDS · BSE: 513269

Results deck of 13 May 2025, summarised by AI from the filing.

Q4 FY25 consolidated revenue ₹12,185 million (+50.3% YoY) and PAT ₹682 million; order book ~₹25 billion.

Key takeaways

  1. Q4 FY25 results Consolidated revenue from operations ₹12,185 million (Q4 FY24: ₹8,107 million, +50.3%); PAT ₹682 million (Q4 FY24: ₹241 million).
  2. Order book Order book ~₹25 billion with expected execution over the next 6 to 12 months; bid pipeline ~₹150 billion.
  3. Merino Shelters Monetization of non-core asset in Merino Shelters concluded in Q4 FY25, unlocking upfront ₹700 million and 30% area.
  4. ERW entry Strategic entry into ERW API product line in FY25, contributing approximately 10% to total revenue.
  5. Expansion projects Jammu stainless steel seamless pipe project (20,000 MTPA, ₹5.64 bn) and Saudi H-SAW project (3,00,000 MTPA, ₹6 bn) targeted for Q3 FY26 commercialization.

Original filing on BSE

Man Industries (India) Limited Q1 FY27 results

As filed: Revenue ₹1,053 cr (+42% year on year), EBITDA ₹143 cr (+187% year on year), PAT ₹61.5 cr (+119% year on year), EBITDA margin 13.6% (+688 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,157 cr (−5% year on year), EBITDA ₹140 cr (+15% year on year), PAT ₹50.9 cr (−25% year on year), EBITDA margin 12.1% (+206 bps). Score 29 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was well below it. EBITDA margin rose 206 bps year on year. Consolidated profit -25% but standalone +76%. Profit fell 8% from last quarter. Share price after the results: +6.0% in 30 days (Nifty 500: +0.9%).
  • Q3 FY26: Revenue ₹830 cr (+13% year on year), EBITDA ₹128 cr (+64% year on year), PAT ₹55.0 cr (+62% year on year), EBITDA margin 15.4% (+471 bps). Score 65 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 471 bps year on year. Share price after the results: +15.0% in 30 days (Nifty 500: −5.9%).
  • Q2 FY26: Revenue ₹834 cr (+3% year on year), EBITDA ₹120 cr (+88% year on year), PAT ₹37.0 cr (+16% year on year), EBITDA margin 14.4% (+645 bps). Score 60 of 100, In line with trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well above it. EBITDA margin rose 645 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Share price after the results: +15.1% in 29 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹742 cr (−1% year on year), EBITDA ₹50.0 cr (+28% year on year), PAT ₹28.0 cr (+47% year on year), EBITDA margin 6.7% (+153 bps). Score 39 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin rose 153 bps year on year. Other income 82% of PBT. Revenue fell 39% from last quarter. Profit rose ₹9.0 cr on a year ago, more than the ₹8.0 cr it added the year before. Share price after the results: −7.0% in 30 days (Nifty 500: +1.9%).
  • Q4 FY25: Revenue ₹1,218 cr (+50% year on year), EBITDA ₹122 cr (+110% year on year), PAT ₹68.0 cr (+183% year on year), EBITDA margin 10.0% (+286 bps). Score 100 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 286 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹407 cr on a year ago, more than the ₹213 cr it added the year before. Share price after the results: +45.0% in 30 days (Nifty 500: +7.7%).
  • Q3 FY25: Revenue ₹732 cr (−12% year on year), EBITDA ₹78.0 cr (+20% year on year), PAT ₹34.0 cr (+10% year on year), EBITDA margin 10.7% (+285 bps). Score 55 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin rose 285 bps year on year. Revenue fell 9% from last quarter.
  • Q2 FY25: Revenue ₹806 cr (−21% year on year), EBITDA ₹64.0 cr (−9% year on year), PAT ₹32.0 cr (−18% year on year), EBITDA margin 7.9% (+106 bps). Score 13 of 100, Below trend. EBITDA margin rose 106 bps year on year. Other income 26% of PBT. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Man Industries (India) Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.