Man Industries (India) Ltd posted an impressive set of Q3 results, showcasing a significant improvement in profitability alongside steady revenue growth, underlining the company’s strengthening operating performance and margin expansion.
For the December quarter, net profit surged 61.8% year-on-year to ₹55 crore, compared with ₹34 crore in the corresponding period last year. The sharp rise in profit was supported by improved operating leverage, better execution and a favourable project mix.
Revenue for the quarter stood at ₹830.4 crore, registering a healthy growth of 13.4% year-on-year from ₹732 crore. The topline growth reflects steady demand across key infrastructure and energy-related projects, along with timely execution of orders.
Operating performance was the key highlight of the quarter. EBITDA jumped 62% year-on-year to ₹127.7 crore from ₹79 crore, significantly outpacing revenue growth. As a result, EBITDA margin expanded to 15.4% from 10.8% in the same quarter last year, marking a strong margin improvement of 460 basis points.