| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 830.38 | 0.4% | 13.4% |
| Total Income | 838.72 | 2.9% | 13.7% |
| Expenditure | 762.43 | 0.4% | 10.4% |
| PBT | 76.29 | 54.3% | 62.8% |
| Net Profit | 55.04 | 48.8% | 61.3% |
| OPM | 15.37% | 0.85pp | 14.84pp |
| NPM | 6.56% | 2.02pp | 1.93pp |
| EPS | 7.64 | 58.2% | 42.5% |
Man Industries (India) Ltd Reports Highest-Ever EBITDA & PAT Margins in Q3 & 9MFY26
09 Feb 2026 · 9 Feb, 12:47 pm
Summary
Man Industries (India) Ltd, a leading manufacturer of large-diameter carbon steel line pipes and coating systems, reported its financial results for the quarter and nine months ended December 31, 2025. The company saw significant improvements in profitability and margin expansion across both the quarter and the year-to-date period.
Key Highlights
- 1
EBITDA increased by 61% year-on-year to 2136 crore in Q3 FY26
- 2
EBITDA margins expanded by 480 basis points to 16.2% in Q3 FY26
- 3
EBITDA grew by around 47% year-on-year to 3318 crore in 9M FY26
- 4
Margins improved by 380 basis points to 13.1% in 9M FY26
- 5
Revenue from Operations was 830 crore in Q3 FY26
- 6
Consolidated Profit After Tax (PAT) in 9M FY26 grew by approximately 41% year-on-year
- 7
Company’s executable order book stands at ~4,000 crore
- 8
Strategic capacity expansion initiatives in Saudi Arabia and Jammu are progressing well
Management Comments
Mr. Nikhil Mansukhani
Managing Director, MAN Industries (India) Limited
We are pleased to report our highest-ever quarterly EBITDA margins, reflecting the strength of our strategy, disciplined execution, and continued focus on operational efficiency. With a record order book, steady progress on our capacity expansions in Saudi Arabia and Jammu, and an expanding global footprint, we are well positioned for the next phase of growth. Our emphasis on value-added products, prudent capital allocation, and customer diversification will continue to support sustainable performance and strengthen our leadership in the global line pipe industry.
Informational and educational content only. Not investment advice.