Manaksia Steels Reports Robust Q1 FY27 Results, Driven by Strong Growth in Coated Steel Products

Manaksia Steels Reports Robust Q1 FY27 Results, Driven by Strong Growth in Coated Steel Products​

Manaksia Steels Limited (MSL) has reported key financial highlights for the first quarter of Fiscal Year 2026-27 (Q1 FY27), showcasing significant growth across its core operating metrics. The company noted a strong beginning to the fiscal year, attributed to increased sales in value-added coated steel products and improved operational efficiency.

The financial results highlight substantial increases in both standalone and consolidated segments for Q1 FY27 compared to Q1 FY26.

Operational Highlights and Growth Drivers​

Mr. Varun Agrawal, Managing Director of Manaksia Steels Limited, commented on the performance, noting that the company delivered robust growth across key financial parameters. Total Income rose by 50% year-on-year to ₹ 305.88 crore, while EBITDA saw a dramatic increase to ₹ 36.33 crore. PAT grew by 253% to ₹ 22.38 crore, reflecting improved operating leverage and profitability within the company.

Sales of the company's value-added coated steel products increased by approximately 40%, indicating a strengthened product mix and market positioning. The quarter was marked by an increase in steel prices during April, followed by relative stabilization through May and June.

Operationally, both key facilities performed strongly. The Aluzinc Coated Steel Line operated at around 90% capacity utilization, while the existing Colour Coating Line ran at full capacity. These high usage levels signal strong demand for the company's value-added coated products.

The international business segment also gained momentum. Federated Steel Mills Ltd., MSL’s Nigerian subsidiary, recorded approximately 50% year-on-year growth in revenue.

As the company moves through FY2026-27, management remains focused on maximizing capacity utilization and increasing the contribution of value-added products. With both the Aluzinc line operating at high utilization and the existing colour-coating facility running at full capacity, MSL is positioned to pursue sustainable growth.

Company Profile​

Manaksia Steels Limited (MSL) is a prominent manufacturer and exporter of coated steel products. The company's product portfolio includes cold-rolled steel sheets and coils, hot-dip galvanised and Aluzinc-coated steel sheets and coils, along with pre-painted coils and sheets marketed under brands such as Austrang and 5 Star Super Colour.

MSL’s state-of-the-art facility is located in Haldia, West Bengal. The strategic location at the Haldia port provides seamless access to export markets and efficient distribution through coastal domestic routes. These products serve sectors including construction, solar, infrastructure, and home appliances.

MANAKSTEEL Stock Price Movement​

Manaksia Steels Limited shares closed today after shedding 5.00%, settling at ₹80.68 in post-market trading. The stock traded on a volume of 115,463, having tested an intraday low of ₹80.21 before closing.