Manaksia Coated Metals profit surges 162% QoQ, EBITDA per tonne hits record
Consolidated net profit of ₹14.10 crore in Q1 FY27; EBITDA per tonne at all-time high of ₹10,401, driven by value-added products and export growth.
— 4 earlier stories on Manaksia Coated Metals & Industries Ltd. →What's new
- Consolidated net profit up 162% QoQ to ₹14.10 crore.
- EBITDA jumped 87% to ₹29.08 crore; EBITDA per tonne hit a record.
- Second colour coating line on track for Q2 FY27; 7 MW solar plant planned.
Why this matters
After a flat standalone year-ago quarter, the sharp sequential rebound signals that margin improvements are taking hold. The record EBITDA per tonne and rising share of pre-painted steel suggest the company is capturing more value per unit, a structural shift that could sustain even if volumes moderate.
What we're watching
- Commissioning of the second colour coating line in Q2 FY27.
- Impact of the captive solar plant on energy costs.
- Sustainability of export momentum — 65% of sales volume — across new markets.
The full read
Manaksia Coated Metals delivered a striking sequential turnaround in Q1 FY27. Consolidated net profit surged 162% quarter-on-quarter to ₹14.10 crore (a stark contrast to the flat standalone profit a year earlier). Revenue rose 15% to ₹263.07 crore, but EBITDA jumped 87% to ₹29.08 crore — the standout number. EBITDA per tonne hit an all-time high of ₹10,401, driven by higher realizations, better operating efficiencies, and a product mix shift toward value-added pre-painted steel (now 74% of sales). Exports contributed 65% of volume, with new market entries in Latvia, Brazil, Jamaica, and Somalia. The Aluminium-Zinc coating line ran at 62% capacity, leaving headroom. Coming up are a second colour coating line due in Q2 FY27 and a 7 MW captive solar plant, each aimed at expanding value-added capacity and lowering costs. The prior quarter's flat year-ago print now feels like a base; the data suggest sequential momentum may continue, though trailing ROE of 6.8% and P/E of 27.2 leave little room for error.
Questions answered
- What drove the 162% sequential profit surge?
- Higher realizations, improved operating efficiencies, and a larger share of value-added products (pre-painted steel at 74% of sales) boosted margins. Exports contributed 65% of volume, with new market entries in Latvia, Brazil, Jamaica, and Somalia.
- How does this compare to the year-ago period?
- The consolidated filing only provides sequential QoQ figures. Standalone net profit was ₹14.16 crore, nearly flat versus ₹14.10 crore a year earlier, indicating the surge is from operational gains rather than a one-off.
- What capacity expansions are planned?
- A second colour coating line is on track for commissioning in Q2 FY27, which will substantially expand value-added capacity. A 7 MW captive solar project is expected to lower energy costs. Specific capex figures were not disclosed.
- What is the current capacity utilisation?
- The Aluminium-Zinc coating line achieved about 62% capacity utilisation in Q1 FY27, leaving headroom for volume growth without additional investment.
Manaksia Coated Metals & Industries Ltd.
Latest quarter · Jun 2026
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All notes on MANAKCOAT →- 14 Jul 2026 · 5:41 PM IST Manaksia Coated Metals profit surges 162% QoQ, EBITDA per tonne hits record
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