Board Meeting Details
The Board of Directors meeting was held on Thursday, November 12, 2026, commencing at 12:40 PM and concluding at 1:38 PM.
Key Approvals
1. Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026, along with Limited Review Report from Statutory Auditors M/s. A Sachdev & Co., Chartered Accountants, Mumbai.
2. Establishment of a manufacturing facility in the United States of America for HSAW Pipes with estimated capacity of 3,50,000 MTPA at estimated project cost of approximately USD 110 million through a wholly owned subsidiary.
Standalone Financial Results (Quarter Ended September 30, 2026)
- Total Income: ₹74,366 lakhs (compared to ₹79,188 lakhs in Q2 FY26)
- Revenue from Operations: ₹72,148 lakhs
- Other Income: ₹2,217 lakhs
- Total Expenses: ₹70,705 lakhs
- Profit Before Exceptional Items and Tax: ₹3,661 lakhs
- Exceptional Items Gain: ₹2,469 lakhs (write-back of customer advance consequent to settlement of sales contract worth ₹3,785 lakhs)
- Profit Before Tax: ₹6,130 lakhs
- Total Tax Expense: ₹2,128 lakhs (including prior period tax of ₹507 lakhs)
- Net Profit: ₹4,002 lakhs (up 19% from ₹3,349 lakhs in Q2 FY26)
- Earnings Per Share (Basic): ₹5.34
- Earnings Per Share (Diluted): ₹5.25
Standalone Financial Results (Half Year Ended September 30, 2026)
- Total Income: ₹1,77,204 lakhs
- Net Profit: ₹11,797 lakhs
- Earnings Per Share (Basic): ₹15.73
- Earnings Per Share (Diluted): ₹15.48
Consolidated Financial Results (Quarter Ended September 30, 2026)
- Total Income: ₹1,21,632 lakhs
- Revenue from Operations: ₹1,21,035 lakhs
- Net Profit: ₹8,202 lakhs
- Earnings Per Share (Basic): ₹10.93
- Earnings Per Share (Diluted): ₹10.76
Consolidated Financial Results (Half Year Ended September 30, 2026)
- Total Income: ₹2,28,128 lakhs
- Net Profit: ₹14,345 lakhs
- Earnings Per Share (Basic): ₹19.13
- Earnings Per Share (Diluted): ₹18.82
Balance Sheet Highlights (Standalone as at September 30, 2026)
- Total Assets: ₹4,35,145 lakhs
- Total Equity: ₹2,04,132 lakhs
- Equity Share Capital: ₹3,750 lakhs (Face Value ₹5 each)
- Other Equity: ₹2,00,381 lakhs
- Total Liabilities: ₹2,31,013 lakhs
Cash Flow Statement (Standalone Half Year Ended September 30, 2026)
- Net Cash from Operating Activities: (₹8,947) lakhs
- Net Cash used in Investing Activities: (₹15,310) lakhs
- Net Cash from Financing Activities: ₹19,850 lakhs
- Net Decrease in Cash: (₹4,406) lakhs
US Manufacturing Facility Details
- Location: United States of America
- Product: HSAW Pipes and ancillary products
- Capacity: 3,50,000 MTPA
- Estimated Project Cost: Approximately USD 110 million
- Structure: Through wholly owned subsidiary
- Purpose: To cater to demand in USA and international markets
- Consideration: Cash consideration
- Shareholding: 100% ownership
- Timeline: Subject to fulfilment of statutory and regulatory requirements and receipt of necessary approvals
- Related Party Transaction: No
- Industry: Manufacturing - within main line of business of the company
Additional Information
- Outstanding Order Book: Approximately ₹3,500 crores to be executed in 6 to 12 months
- Segment Information: Company operates in one segment - "Steel Pipes"
- Auditor: M/s. A Sachdev & Co., Chartered Accountants, Mumbai (Firm Registration Number: 001307C)
- Financial Results Availability: Available on company website at www.mangroup.com