MAN Industries (India) Ltd announced its highest-ever quarterly and annual performance in financial results released Monday. The pipe manufacturer posted a consolidated profit after tax of ₹68.1 crore for Q4FY25, representing a 182.4 per cent increase compared to the same period last year.
The company’s Q4 consolidated revenue grew by 50.3 per cent year-on-year to ₹1,218.5 crore, while EBITDA rose 87.9 per cent to ₹136.7 crore, with margins improving by 230 basis points to 11.1 per cent.
For the full fiscal year 2025, MAN Industries recorded a consolidated revenue of ₹3,505.4 crore, up 11.6 per cent from FY24, with profit after tax rising 45.7 per cent to ₹153.2 crore.
Managing Director Nikhil Mansukhani attributed the strong performance to operational discipline and strategic initiatives, including expansion into the Electric Resistance Welded pipe segment, which now contributes approximately 10 per cent to total revenue.
The company has an executable order book of ₹2,500 crore and is targeting 20 per cent revenue growth for FY26. Expansion projects in Saudi Arabia and Jammu are progressing as planned, with commercial operations expected to begin by Q3FY26.
MAN Industries has also successfully monetised a non-core real estate asset during FY25, which is expected to generate approximately ₹720-770 crore over the next 5-6 years, providing additional capital to support core operations and expansion plans.
The shares of MAN Industries (India) Ltd closed up at ₹314.25, up by ₹52.35 or 19.99 per cent on the NSE today.
Published on May 12, 2025
