Maan Aluminium PAT rises 13.5% YoY to ₹3.10 Cr on 9.8% revenue growth, margins steady
PAT +13.55% YoY · revenue +9.79% · margins flat
₹231.86 Cr
+9.79% YoY
₹3.1 Cr
+13.55% YoY
1.33%
+0.1pp YoY
₹0.52
Maan Aluminium's standalone Q1 FY27 (unaudited, quarter ended June 30, 2026) revenue came in at ₹231.86 Cr, up 9.8% YoY from ₹211.19 Cr, with net profit of ₹3.10 Cr, up 13.5% YoY from ₹2.73 Cr, and basic EPS of ₹0.52 versus ₹0.50 a year ago. Sequentially revenue fell 8.9% from Q4 FY26's ₹254.57 Cr, a seasonally stronger quarter, while PAT jumped 82% QoQ off a thin ₹1.70 Cr base — that QoQ profit swing is a low-base artifact and not the headline story; the YoY print is the one that matters.
Q1 FY-2027 vs prior quarters
Operating margin held at roughly 2.3% of revenue from operations, essentially unchanged from 2.34% a year ago, and net margin edged up to about 1.34% from 1.28%. Cost of materials consumed rose sharply to ₹61.91 Cr from ₹42.39 Cr YoY (+46%) even as purchase of stock-in-trade eased slightly, while finance costs fell to ₹0.78 Cr from ₹1.45 Cr YoY as the balance sheet strengthened. With no exceptional items in either the current or comparative quarter, the profit growth is purely operational — there is no one-off to strip out.
The stock went into the print at ₹120.15, down 3.9% over the past month of trading.
Management acknowledges FY26 was challenging, particularly the latter half, with revenue flat and profitability impacted by raw material costs, oil/energy crisis, and restricted gas supply. Despite these headwinds, the company has significantly strengthened its balance sheet through preferential capital infusion, enabl
— This quarter: beat
Management's prior (Q4 FY26) commentary flagged FY26 as a challenging year with flat revenue and raw-material/energy cost pressure, and guided near-term volumes to stay flat in FY27 given customer qualification cycles and slower industrial demand. This quarter's 9.8% YoY revenue growth is modestly ahead of that flat framing, though it may reflect price/mix rather than a volume ramp. No formal Q1 street estimates were found — Maan Aluminium is a thinly covered small-cap — though one online source projects 15-20% PAT growth for full FY27, a pace this quarter's 13.5% YoY PAT growth trails slightly. No management press release accompanies this filing beyond the standard board-outcome intimation, so there is no fresh management framing to cross-check against the numbers.
W1
Whether operating margin breaks above the ~2.3% band as Italian extrusion press/Dewas utilization ramps toward management's 75% capacity-utilization target
W2
FY27 capex execution against the guided ₹40-50 Cr and its effect on finance costs (₹0.78 Cr this quarter, down from ₹1.45 Cr YoY)
W3
Whether the 9.8% YoY revenue growth this quarter sustains or reverts toward management's 'flat' volume guidance given ongoing customer qualification cycles
Only standalone statement in filing (no consolidated); page 2 has a clean re-typed duplicate confirming the OCR'd table; no exceptional items in current or any comparative period; paid-up equity capital rose to ₹29.99 Cr from ₹27.04 Cr YoY (preferential allotment flagged last quarter), diluting EPS growth relative to PAT growth.