Quarterly Result29 May 2026, 01:09 am
Malpani Pipes FY26 Profit ₹9.03 Cr; Acquires Terex Industries
AI Summary
Malpani Pipes and Fittings Limited announced its audited financial results for the year ended March 31, 2026, reporting a profit of ₹902.91 Lakhs and revenue from operations of ₹16,303.32 Lakhs. The Board also approved the acquisition of 100% equity shares of Terex Industries Private Limited. This acquisition is expected to create long-term value by leveraging Malpani's manufacturing and export capabilities with Terex's expertise, making Terex a wholly-owned subsidiary.
Key Highlights
- Board approved audited financial results for FY26.
- FY26 Revenue from Operations stood at ₹16,303.32 Lakhs.
- FY26 Profit for the period was ₹902.91 Lakhs.
- Approved 100% equity acquisition of Terex Industries Private Limited.
- Terex Industries will become a Wholly Owned Subsidiary.
Price Impact
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