Financial Performance (Consolidated)

Q1 FY27 Key Metrics:

  • Revenue from Operations: ₹263.07 crore
  • EBITDA: ₹29.08 crore
  • EBITDA Margin: 11.06%
  • Profit After Tax (PAT): ₹14.10 crore
  • PAT Margin: 5.36%
  • Cash Profit: ₹17.40 crore
  • Finance Cost: ₹6.86 crore
  • Diluted EPS: ₹1.32

Quarterly Comparison:

QoQ Performance (vs Q4 FY26):

  • Revenue growth: 15.00% (from ₹228.75 crore)
  • EBITDA growth: 85.99% (from ₹15.64 crore)
  • EBITDA margin expansion: +422 bps (from 6.84%)
  • PAT growth: 162.45% (from ₹5.37 crore)
  • PAT margin expansion: +301 bps (from 2.35%)
  • Cash Profit growth: 115.28% (from ₹8.08 crore)
  • Finance Cost increase: 4.77% (from ₹6.54 crore)
  • Diluted EPS growth: 102.76% (from ₹0.65)

YoY Performance (vs Q1 FY26):

  • Revenue growth: 3.59% (from ₹253.94 crore)
  • EBITDA growth: 1.64% (from ₹28.62 crore)
  • EBITDA margin contraction: -21 bps (from 11.27%)
  • PAT growth: 0.67% (from ₹14.01 crore)
  • PAT margin contraction: -16 bps (from 5.52%)
  • Cash Profit growth: 7.73% (from ₹16.15 crore)
  • Finance Cost decrease: -11.77% (from ₹7.77 crore)
  • Diluted EPS decrease: -7.19% (from ₹1.42)

Operational Highlights

Production Metrics:

  • Galvanized/Alu-Zinc production: 27,941 MT for Q1 FY27 (+8% QoQ growth)
  • Pre-Painted Steel production: 20,510 MT for Q1 FY27 (+4% QoQ growth)

Product Mix:

  • Pre-Painted Steel contributed 74% of total sales in Q1 FY27

Export Performance:

  • Exports contributed 65% of total sales volume
  • Export revenue growth: 13% QoQ and 20% YoY
  • Export sales of Pre-Painted Steel increased 25%
  • Expanded to four new international markets: Latvia, Brazil, Jamaica, and Somalia

Efficiency Metrics:

  • EBITDA per ton reached all-time high of ₹10,401/MT
  • Aluminium-Zinc coating line achieved 62% capacity utilization

Management Commentary

Karan Agrawal, Whole Time Director, stated that Q1 FY27 demonstrated strong operational execution with sequential improvement across revenue, profitability, and operating metrics despite challenging global operating environment. The upgraded Alu-Zinc and Pre-painted Alu-Zinc products received encouraging acceptance from domestic and export customers. The quarter was characterized by elevated raw material prices (aluminium, zinc, paints at multi-year highs) and higher freight/fuel costs due to geopolitical disruptions, but the company successfully passed on most raw material cost increases to customers for new order bookings.

Strategic Projects Status

Completed Projects:

  • Alu-Zinc Technology Upgrade: Commissioned December 2025, capacity increased from 132,000 TPA to 180,000 TPA (+36%), 100% Alu-Zinc capacity

Ongoing Projects:

  • 2nd Colour Coating Line: New capacity 150,000 TPA, total color coating capacity increases from 86,000 to 236,000 TPA (+174%), commissioning expected Q2 FY27
  • 7 MWp Solar Power Plant: Captive solar at Kutch facility, offsets 50-55% of grid power dependency, EPC by Prozeal Green Energy, commissioning expected Q2 FY27
  • Salesforce CRM: Implementation in progress, providing 360° customer visibility, centralized order tracking, automated analytics, and improved demand forecasting

Company Background

Manaksia Coated Metals & Industries Limited is a manufacturer and exporter of coated steel products including Pre-painted Steel and Alu-Zinc-coated steel in coil & sheet forms. All manufacturing occurs at the company's facility in Kutch, Gujarat, strategically located near Kandla and Mundra Ports for export efficiency.

Investor Relations Contact

Media Contact: Go India Advisors, Ms. Sana Kapoor