Manaksia Coated Metals & Industries Limited (MANAKCOAT) — Announcement | 15 July 2026(2 announcements)

Manaksia Coated Metals & Industries announced unaudited Q1 FY26 results showing revenue of ₹26,306.63 lakhs and net profit of ₹1,409.97 lakhs, approved reappointments of Managing Director Sushil Kumar Agrawal and Whole-time Director Karan Agrawal, set AGM for 3 September 2026 via VC, fixed 27 August 2026 as record date for dividend, and appointed Devansh Agrawal as VP Business Development at ₹8,00,000 monthly remuneration pending shareholder approval.

Manaksia Coated Metals & Industries Limited (MANAKCOAT) presented its Q1 FY27 investor presentation, highlighting robust revenue growth to Rs. 263.07 crores, EBITDA of Rs. 28.62 crores, and PAT of Rs. 14.10 crores, driven by strong export demand and value-added product mix. The company announced strategic capacity expansions, including a new colour coating line by Q2 FY27 and a 7 MW captive solar plant by Q2 FY27 to cut power costs by up to 40%. Backward integration via a Cold Rolling Mill complex is planned for FY28 to enhance margins and supply chain resilience. Management expressed confidence in achieving FY29 targets of tripling output and profitability, supported by a healthy order book and improved realizations.