{"id":45238,"date":"2024-11-11T13:34:45","date_gmt":"2024-11-11T08:04:45","guid":{"rendered":"https:\/\/theindianinfluencer.com\/index.php\/2024\/11\/11\/manaksia-coated-metals-and-industries-h1-fy25-consolidated-np-soar-151-percent\/"},"modified":"2024-11-11T13:34:45","modified_gmt":"2024-11-11T08:04:45","slug":"manaksia-coated-metals-and-industries-h1-fy25-consolidated-np-soar-151-percent","status":"publish","type":"post","link":"https:\/\/theindianinfluencer.com\/index.php\/2024\/11\/11\/manaksia-coated-metals-and-industries-h1-fy25-consolidated-np-soar-151-percent\/","title":{"rendered":"Manaksia Coated Metals and Industries\u2019 H1 FY25 Consolidated NP Soar 151 Percent"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai (Maharashtra) [India], November 11: Manaksia Coated Metals &amp; Industries Limited (NSE: MANAKCOAT, BSE: <\/strong><strong>539046<\/strong><strong>)\u00a0is one of the leading coated metal products manufacturers and exporters<\/strong>. Specializing in Pre-painted Galvanised Steel and Plain Galvanised Steel in both coil and sheet forms, has reported its Unaudited financials for H1 FY25.<\/p>\n<p><strong>Key Financial Highlights\u00a0<\/strong><\/p>\n<p><strong>Consolidated Key Financial Highlights H1 FY25<\/strong><\/p>\n<p>\u2022 Total Income of \u20b9 371.98 Cr, YoY growth of 0.03%<br \/>\n\u2022 EBITDA of \u20b9 28.63 Cr, YoY growth of 11.79%<br \/>\n\u2022 EBITDA Margin (%) of 7.70%, YoY growth of 81 Bps<br \/>\n\u2022 Net Profit of \u20b9 5.35 Cr, YoY growth of 150.69%<br \/>\n\u2022 Net Profit Margin (%) of 1.45%, YoY growth of 87 Bps<br \/>\n\u2022 EPS of \u20b9 0.72, YoY growth of 118.18%<\/p>\n<p><strong>Standalone Key Financial Highlights H1 FY25<\/strong><\/p>\n<p>\u2022 Total Income of \u20b9 371.93 Cr, YoY growth of 0.04%<br \/>\n\u2022 EBITDA of \u20b9 28.58 Cr, YoY growth of 11.77%<br \/>\n\u2022 EBITDA Margin (%) of 7.68%, YoY growth of 80 Bps<br \/>\n\u2022 Net Profit of \u20b9 5.47 Cr, YoY growth of 140.69%<br \/>\n\u2022 Net Profit Margin (%) of 1.48%, YoY growth of 86 Bps<br \/>\n\u2022 EPS of \u20b9 0.81, YoY growth of 131.43%<\/p>\n<p><strong>Key Highlights for H1 FY25<\/strong><\/p>\n<ul>\n<li>In H1 FY25 Metal products contributed\u00a0\u20b9\u00a0360.73 Cr and other products contributed\u00a0\u20b9\u00a07.96 Cr<\/li>\n<li>Exports contributed\u00a0\u20b9\u00a0124.95 Cr, which is 33.89% of the total revenue, whereas domestic revenue contributed\u00a0\u20b9\u00a0243.74 Cr, which is 66.11% of the total revenue.<\/li>\n<li>Quantitatively, the Exports sales increased by 14.65%, and Domestic Sales increased by 7.18% compared to H1 of FY24.<\/li>\n<li>Pre-painted Galvanised Steel sales revenue increased by 14.18% and quantitatively increased by 23.74% compared to H1 of F24. This reflects the outcome of the focus on the maximisation of value-added product sales.<\/li>\n<\/ul>\n<p><strong>Commenting on the performance<\/strong><strong>\u00a0Mr. Karan Agrawal Whole Time Director, Manaksia Coated Metals &amp; Industries Limited said,\u00a0<\/strong>\u201cThe decent performance we\u2019ve delivered in H1 FY25 is a testament to our team\u2019s dedication and to the significant operational efficiencies we have implemented. Despite challenging market conditions, we have succeeded in strengthening our profitability while maintaining steady revenue streams. Our standout achievement of a year-on-year increase in profit is driven by our strategic initiatives and prudent financial management. Our manufacturing facility in Kutch, Gujarat, continues to provide a logistical advantage, enabling us to optimise both export and domestic operations. We are proud of our upgraded 3-Star Export House status, which reinforces our reputation as a trusted exporter, and of the landmark European contract, which further validates our product quality and export capabilities in high-demand international markets.<\/p>\n<p>Looking forward, we are committed to accelerating growth through ongoing innovation, market diversification, and cost optimisation. With the recent credit rating upgrade, we are well-positioned to pursue new growth opportunities domestically and globally. Our focus remains on driving sustainable returns for our stakeholders while scaling our footprint as a leading provider in the coated metals industry.\u201d<\/p>\n<p><strong>Highlights For H1 FY25 (April 2024 \u2013 September 2024)<\/strong><\/p>\n<table border=\"1\" width=\"702\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"25.498575498575498%\"><strong>Landmark Contract<\/strong><\/td>\n<td width=\"74.5014245014245%\">Secured a\u00a0\u20b9\u00a0200 Cr European contract for 20,000 MT of premium steel products.<\/td>\n<\/tr>\n<tr>\n<td width=\"25.498575498575498%\"><strong>Export House Accreditation<\/strong><\/td>\n<td width=\"74.5014245014245%\">Upgraded to a 3 Star Export House from one star by the Ministry of Commerce &amp; Industry, Government of India<\/td>\n<\/tr>\n<tr>\n<td width=\"25.498575498575498%\"><strong>Rating Upgrade<\/strong><\/td>\n<td width=\"74.5014245014245%\">The company\u2019s long-term credit rating from ACUITE has been upgraded from BBB+ to A-, and its short-term rating from A2 to A2+.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em> If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], November 11: Manaksia Coated Metals &amp; Industries Limited (NSE: MANAKCOAT, BSE: 539046)\u00a0is one of the leading coated metal products manufacturers and exporters. Specializing in Pre-painted Galvanised Steel and Plain Galvanised Steel in both coil and sheet forms, has reported its Unaudited financials for H1 FY25. Key Financial Highlights\u00a0 Consolidated Key Financial Highlights [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":45239,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20],"class_list":["post-45238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/45238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/comments?post=45238"}],"version-history":[{"count":0,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/45238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media\/45239"}],"wp:attachment":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media?parent=45238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/categories?post=45238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/tags?post=45238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}