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Man Industries India Limited reports Q1FY20 Financial Results

Posted On: 2019-08-15 15:35:13

MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing company has announced today its unaudited financial results for the Quarter ended June 30, 2019.

- Q1FY20 Total Revenue of Rs. 2,447 Million.
- Q1FY20 EBITDA for the period stands at Rs. 282 Million.
- Q1FY20 PAT for the period stands at 27 Million.

The company reported total revenue of 2,447 Million in Q1FY20. Gross margin for the quarter stands at 35% and EBITDA Margin at 11.5%.

Commenting upon the future outlook of the Company, Dr. R. C. Mansukhani, Chairman said "Q1FY20 Seen muted performance on the back of election uncertainties and due to lead time required for procurement of Raw Material for new orders. With the stable government at centre decision making is expected to take a faster pace giving room for more projects to come. We are expecting substantially good performance from Q2FY20 onwards on the back of strong hid pipeline and good order book visibility. Moreover, government's renewed focus on water infrastructure gives us additional opportunity for growth."

The company continues to have a robust book of outstanding bids for more than Rs. 1,60,000 Million at various stages of evaluation for several Oil, Gas and Water projects in India and abroad . The company therefore expects good order inflow in near future.

The unexecuted order book as on date is approximately Rs . 18,000 Million to be executed by the end of current Financial Year.

Shares of MAN INDUSTRIES (INDIA) LTD. was last trading in BSE at Rs.40.35 as compared to the previous close of Rs. 40. The total number of shares traded during the day was 15901 in over 416 trades.

The stock hit an intraday high of Rs. 41.8 and intraday low of 38.65. The net turnover during the day was Rs. 639711.

Source: Equity Bulls

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