Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046) reported a stellar performance for the quarter ended September 2025 (Q2 FY26), with net profit rising 491% year-on-year to ₹13.96 crore, compared to ₹2.36 crore in the same period last year.
The company’s revenue increased 26.66% YoY to ₹223.68 crore, driven by strong export volumes and an improved product mix. EBITDA more than doubled to ₹29.45 crore, up 113% YoY, with margins expanding 534 basis points to 13.17%. Profit before tax grew over 505% YoY to ₹19.02 crore, marking one of the strongest quarters in the company’s history.
Exports played a major role in the company’s growth — they now contribute over 85% of total revenue, an all-time high. Export revenue increased by 151% YoY in Q2 FY26 and 163% YoY in H1 FY26, reflecting the strength of the company’s global relationships.
Operational highlights:
- Galvanized steel production: 26,572 MT, up 7.9% YoY
- PPGI steel production: 21,653 MT, up 18.2% YoY
- Value-added products (PPGI): 92% of total sales volume
- Debt-to-equity ratio: Improved to 1.19x, with total debt down 27% since March 2025
Management commentary:
Whole-time Director Karan Agrawal said the company’s strong quarterly performance was driven by operational efficiency, cost optimization, and export-led growth. “With a sharper focus on premium product lines, exports, sustainability, and digital transformation, we remain confident of continuing our growth momentum,” he added.
The company also received an upgraded credit rating from Acuité Ratings & Research — Long-term: A (from A-) and Short-term: A1 (from A2) — underscoring its improving financial health.
Manaksia Coated Metals operates from Kutch, Gujarat, with two manufacturing plants and extensive domestic and international distribution networks, producing pre-painted and galvanized steel for construction, automotive, and general engineering applications.
