MAN Industries Q2 PAT Surges 122% to Rs 82 Crore on Revenue Growth and NPC Acquisition
· Business · Economic Times, LiveMint
MAN Industries (India) Ltd reported a 121.7 per cent rise in consolidated profit after tax to Rs 82 crore for the September quarter, up from Rs 37 crore in the year-ago period. Revenue from operations increased to Rs 1,210 crore from Rs 834 crore, driven in part by the acquisition of National Pipe Company, which enhanced the company's scale and profitability. The firm's consolidated EBITDA reached Rs 190 crore, the highest-ever for a quarter, reflecting strong operational performance. However, shipping disruptions in the Strait of Hormuz temporarily deferred approximately Rs 320 crore in revenue, though alternate port nominations have enabled shipments to proceed. Man Industries, a leading manufacturer of large-diameter carbon steel line pipes, operates three manufacturing facilities with a combined installed capacity exceeding 1.6 million MTPA.
Why it matters
The significant profit and revenue growth, fueled by the NPC acquisition and robust operational performance, directly strengthens MAN Industries' position as a key supplier to India's oil and gas, petrochemical, and city gas distribution sectors, impacting the infrastructure and manufacturing supply chain.
Read the original report — Economic Times
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