MAN Industries (India) Ltd Announces Record-Breaking Q4 & FY25 Financial Performance
MAN Industries (India) Ltd has announced its highest-ever quarterly and full-year financial results, reflecting a significant milestone in its growth journey. The company posted a robust 45%+ Year-on-Year (YoY) growth in Profit After Tax (PAT) for FY25, driven by improved operational efficiency and successful strategic initiatives across both domestic and international markets.

Q4FY25 and FY25 Financial Performance Overview

MAN Industries (India) Ltd's Q4 and full-year performance for FY25 marks a remarkable achievement, surpassing expectations in several key financial metrics. The company posted a 45.7% YoY increase in PAT, accompanied by a 20.5% YoY increase in EBITDA for the full fiscal year. This growth was driven by strong performance in both domestic and international markets.

• Q4 FY25 Results (Highest-Ever Quarterly Performance):

  • Revenue from Operations: ₹1,218.5 crores, up ~50.3% YoY

  • EBITDA: ₹136.7 crores, up ~87.9% YoY

  • PAT: ₹68.1 crores, up ~182.4% YoY

  • The quarterly revenue growth reflects increased demand and improved operational efficiencies across its product lines.

• FY25 Full-Year Results (Record Performance):

  • Revenue from Operations: ₹3,505.4 crores, up ~11.6% YoY

  • EBITDA: ₹353.2 crores, up ~20.5% YoY

  • PAT: ₹153.2 crores, up ~45.7% YoY

  • The company also reported a strong EBITDA margin expansion, with both standalone and consolidated margins improving due to effective cost control measures and a favorable product mix.

Key Business Updates Driving Growth

1. Expansion Projects in Saudi Arabia and Jammu:

   • MAN Industries continues its focus on expanding its manufacturing capabilities and global reach. The Saudi Arabia and Jammu plant expansions are progressing well, with both expected to commence operations by Q3 FY26. These plants will further enhance the company’s global manufacturing capabilities and serve to meet rising demand across international markets.

2. Monetization of Non-Core Asset:

   • In FY25, MAN Industries successfully monetized a significant non-core asset, which unlocked an additional ₹70 crores in upfront capital. This transaction also includes a 30% area share of the developed property, amounting to approximately 4,50,000 sq. ft. of commercial and residential space, with an estimated monetizing value of ₹650-₹700 crores over the next 5–6 years. The overall monetization value is projected to reach ₹720-₹770 crores, providing further capital for reinvestment into core business operations and future growth.

3. Focus on ERW Segment and Export Market:

   • MAN Industries has made a strategic entry into the Electric Resistance Welded (ERW) API segment, with a significant focus on exports. This segment contributed approximately 10% of total revenue in FY25, positioning the company to capture growing global demand for ERW products and diversify its revenue streams.

Order Book and Future Outlook
As of FY25, the company has an order book worth ₹2,500 crores, expected to be fulfilled over the next 6-12 months. This strong order backlog, coupled with a total bid book of ₹15,000 crores, suggests a solid demand pipeline and ample opportunities for continued revenue growth.

Looking ahead, MAN Industries targets a 20% YoY revenue growth for FY26, underpinned by the ongoing execution of projects, capacity expansions, and order inflows. With a continued focus on operational excellence, product innovation, and international market expansion, the company is well-positioned to sustain its growth momentum and deliver value to its stakeholders.

Strategic Vision for Growth

The company’s expansion into international markets and increased focus on high-margin products such as ERW pipes are expected to be key drivers of revenue and profitability in the coming years. As Saudi Arabia and Jammu plant expansions move forward, MAN Industries is confident about scaling operations and deepening its footprint in both domestic and international markets.

Conclusion

MAN Industries (India) Ltd’s Q4 and FY25 results demonstrate a robust growth trajectory, driven by strong operational performance, expansion projects, and strategic investments in high-growth segments. With its focus on expanding its product portfolio, optimizing operational efficiencies, and capturing opportunities in global markets, MAN Industries is poised for continued success in FY26 and beyond.

The Upcoming IPOs in this week and coming weeks are Integrity Belrise Industries, Integrity Infrabuild Developers, Accretion Pharmaceuticals, Wagons Learning.

The Current active IPO are Virtual Galaxy Infotech.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.