Manaksia Coated Metals reported a strong Q1 FY27 with net profit jumping 162% to ₹14.10 crore. EBITDA surged 86% to ₹29.08 crore, driven by record-high EBITDA per ton and 15% revenue growth. Expansion projects are set to boost capacity and cut costs.
Manaksia Coated Metals Posts Strong Q1 FY27 Results
Profit After Tax (PAT) ₹14.10 Crore; EBITDA ₹29.08 Crore.
Reader Takeaway: Record EBITDA per ton and 162% profit growth driven by strong sales and cost management, with expansion projects set to enhance future performance.
What just happened
Manaksia Coated Metals & Industries Ltd. announced its Q1 FY27 financial results, showcasing a significant sequential improvement. Revenue from operations rose 15% to ₹263.07 crore. The company's EBITDA more than doubled, increasing by 85.99% to ₹29.08 crore from ₹15.64 crore in the previous quarter. Profit After Tax (PAT) saw a substantial jump of 162.45%, reaching ₹14.10 crore compared to ₹5.37 crore in Q4 FY26.
Why this matters
The results indicate strong operational efficiency and pricing power. The EBITDA margin expanded by 422 basis points to 11.06%, and PAT margin grew by 301 basis points to 5.36%. A key highlight was the 'EBITDA per ton' reaching an all-time high of ₹10,401, reflecting effective cost management and higher product realisations.
The backstory
Manaksia Coated Metals focuses on manufacturing pre-painted steel products. The company has been strategically expanding its capacity and exploring avenues to control costs, such as increasing its export contribution and investing in renewable energy.
What changes now
Two significant projects are expected to be commissioned in Q2 FY27: a second colour coating line to boost capacity and a 7 MWp solar power plant at its Kutch facility to reduce energy costs by an estimated 50-55%. The Alu-Zinc technology upgrade, already commissioned, is operating at 62% capacity utilization.
Risks to watch
While the company has managed to pass on raw material cost increases for new orders, sustained high prices for aluminium, zinc, and paints could still pressure margins if cost pass-through becomes difficult.
Peer comparison
(No specific peer comparison data available in the filing).
Context metrics (time-bound)
In Q1 FY27, Manaksia Coated Metals reported revenue of ₹263.07 crore, up 15% sequentially. EBITDA stood at ₹29.08 crore, up 86% sequentially. PAT was ₹14.10 crore, up 162% sequentially. The company's EBITDA per ton reached a record ₹10,401. Exports contributed 65% of the sales volume, with export revenue growing 13% quarter-on-quarter.
What to track next
Investors will be closely watching the commissioning of the new colour coating line and the solar power plant in Q2 FY27. The performance of these projects, along with the continued growth in exports and Pre-Painted Steel sales, will be crucial for the company's future trajectory.