Manaksia Coated Metals & Industries Reports Strong Q1 FY27 Results; PAT Surges 162% QoQ
Manaksia Coated Metals & Industries Limited (MCMIL) announced its financial results for the first quarter of Fiscal Year 2027, approved by the Board of Directors on July 14, 2026. The company reported a significant surge in Profit After Tax (PAT), robust growth in EBITDA, and increased revenue as part of its strong operational execution despite challenging global market conditions.The results highlight improved profitability and core operational strength across the industry, with EBITDA per ton reaching an all-time high of Rs. 10,401 / MT.
Financial Performance Snapshot (Consolidated)
MCMIL reported substantial growth in key financial metrics compared to the previous quarters.| Particulars | Q1 FY27 | Q4 FY26 | QoQ% | Q1 FY26 | YoY% |
|---|---|---|---|---|---|
| Revenue from Operations (₹ Crore) | 263.07 | 228.75 | 15.00% | 253.94 | 3.59% |
| EBITDA (₹ Crore) | 29.08 | 15.64 | 85.99% | 28.62 | 1.64% |
| EBITDA Margin % | 11.06% | 6.84% | +422 bps | 11.27% | -21 bps |
| Profit After Tax (PAT) (₹ Crore) | 14.10 | 5.37 | 162.45% | 14.01 | 0.67% |
| PAT Margin % | 5.36% | 2.35% | +301 bps | 5.52% | -16 bps |
| Cash Profit (₹ Crore) | 17.40 | 8.08 | 115.28% | 16.15 | 7.73% |
| Finance Cost (₹ Crore) | 6.86 | 6.54 | 4.77% | 7.77 | -11.77% |
| Diluted EPS (₹) | 1.32 | 0.65 | 102.76% | 1.42 | -7.19% |
Operational Efficiency Reaches All-Time Highs
The company’s operational efficiencies, measured per ton, saw strong sequential improvement.| Particulars | Q1 FY27 (₹/Ton) | Q4 FY26 (₹/Ton) | QoQ% | Q1 FY26 (₹/Ton) | YoY% |
|---|---|---|---|---|---|
| Realisation Per Ton | 88,597 | 79,180 | 11.89% | 82,971 | 6.78% |
| EBITDA/Ton | 10,401 | 5,562 | 87.01% | 9,786 | 6.29% |
Key Operational and Strategic Highlights
The Board noted that Q1 FY27 reflected strong operational execution, characterized by improved profitability and operating metrics despite a difficult global operating environment. EBITDA per tonne hitting an all-time high of Rs. 10,401 was attributed to higher realizations and improved operating efficiencies derived from the technology upgrade.Production & Sales Mix:
- Galvanized / Alu-Zinc production reached 27,941 MT for Q1 FY27, marking a +8% sequential increase in production.
- Pre-Painted Steel production grew by 4% to 20,510 MT.
- Value-added product mix was strong, with Pre-Painted Steel contributing 74% of total sales in the quarter.
Export and Market Expansion:
Exports remained resilient, accounting for 65% of total sales volume during the quarter. Export revenues saw a 13% QoQ growth and 20% YoY growth, supported by a 25% rise in Pre-Painted Steel exports. The company also successfully expanded its international footprint, adding four new countries to its export market list.
Strategic Project Progress:
MCMIL made significant strides toward several strategic initiatives:
- The second colour coating line is nearing commissioning and is on track for commercialization during Q2 FY27, which will substantially increase value-added production capacity.
- A 7 MW captive solar power project at the Kutch facility is progressing as planned and is expected to reduce energy costs while enhancing sustainability.
Key Strategic Projects Status
The company is actively executing several projects aimed at future growth and capability enhancement:| Project | Key Details | Status / Timeline |
|---|---|---|
| Alu-Zinc Technology Upgrade | Capacity increased from 1,32,000 TPA to 1,80,000 TPA (+36%). | Commissioned: December 2025 |
| 2nd Colour Coating Line | New capacity of 1,50,000 TPA. Total colour coating capacity increases from 86,000 to 2,36,000 TPA (+174%). | Commissioning: Q2 FY27 |
| 7 MWp Solar Power Plant | Captive solar at Kutch facility, offsetting 50 - 55% of grid power dependency. | Commissioning: Q2 FY27 |
| Salesforce CRM | Implementation underway to achieve centralized order tracking and improved demand forecasting across sales channels. | Implementation in Progress |
Operational Context and Future Outlook
Management commentary noted that the quarter was marked by elevated raw material prices, with aluminium, zinc, and paints remaining at multi-year highs, alongside increased freight and fuel costs stemming from geopolitical disruptions. Despite these headwinds, the company ensured continuity of production and successfully passed on most raw material cost increases to customers for all new order bookings.MCMIL remains well-positioned for sustainable growth, driven by a healthy export order book, improving Alu-Zinc line capacity utilization, upcoming expansion project commissioning, and a continued focus on premiumisation and operational excellence.
MANAKCOAT Stock Price Movement
Today, Manaksia Coated Metals & Industries Limited shares edged higher, closing at ₹129.14 after a gain of 2.57%. The stock saw significant activity in the session, with over 2.2 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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