MAN Industries PAT rises to Rs 82 cr in Q2
AgenciesThe company had posted a PAT of Rs 37 crore in the year-ago period.
The revenue from operations rose to Rs 1,210 crore over Rs 834 crore in the year-ago period.
"Q2 FY27 was a landmark quarter for MAN Industries, with consolidated EBITDA of Rs 190 crore, the highest-ever for a quarter, up 86.6 per cent year-on-year. The acquisition of NPC (National Pipe Company) has added scale and profitability to our business, and its integration is progressing well. Shipping disruptions in the Strait of Hormuz deferred revenue of approximately Rs 320 crore from the quarter; the customer has since nominated alternate ports and these shipments are being executed," Nikhil Mansukhani, Managing Director, MAN Industries (India) Ltd said in a statement.
MAN Industries (India) Ltd, the flagship company of the MAN Group, was established in 1970 by the Mansukhani Family and has grown into one of India's leading manufacturers and exporters of large-diameter carbon steel line pipes.
Following the acquisition of NPC, the company operates three manufacturing facilities at Pithampur, Madhya Pradesh; Anjar, Gujarat; and Saudi Arabia, with a combined installed capacity of over 1.6 million MTPA. It supplies pipeline infrastructure to the oil and gas, petrochemicals, water transmission, fertilisers, dredging and city gas distribution sectors across India and global markets.