Manaksia Steels profit more than triples on 77% revenue surge
Standalone net profit jumped from ₹11.7 crore to ₹38.2 crore. EBITDA expanded nearly threefold.
— 4 earlier stories on Manaksia Steels Ltd. →What's new
- Standalone revenue jumped 77% to ₹1,057.5 crore from ₹597.8 crore in FY25.
- Net profit more than tripled to ₹38.2 crore; EBITDA surged to ₹76.6 crore from ₹25.7 crore.
- Consolidated profit climbed to ₹39.9 crore from ₹9.7 crore on revenue of ₹1,135.4 crore.
Why this matters
This is a sharp performance inflection for a nano-cap steel maker. The profit surge to ₹38.2 crore from ₹11.7 crore suggests strong volume and margin gains, not just a cyclical price move.
What we're watching
- Whether the 77% revenue growth is volume-driven or a one-off price cycle.
- The sustainability of the EBITDA margin expansion into FY27.
- Any commentary on capacity utilization or forward orders in the concall.
The full read
Manaksia Steels just changed its profile. Standalone revenue leapt 77% to ₹1,057.5 crore. But the real story is the bottom line. Profit more than tripled to ₹38.2 crore from ₹11.7 crore. EBITDA expanded nearly threefold to ₹76.6 crore from ₹25.7 crore. For a nano-cap, these are not incremental gains. Consolidated numbers echo it: ₹1,135.4 crore in revenue and ₹39.9 crore in profit, up from ₹9.7 crore. It came in a single audited year for a cyclical business. The performance is strong. The open question is whether this is a new baseline or a cycle peak. The results carry an unmodified audit opinion, which removes one layer of uncertainty.
Questions answered
- What drove the profit growth outpacing revenue?
- EBITDA nearly tripled to ₹76.6 crore from ₹25.7 crore. This indicates significant margin expansion alongside the top-line jump.
- How does consolidated performance compare to standalone?
- Consolidated net profit was ₹39.9 crore on ₹1,135.4 crore revenue. The narrow gap suggests the steel business dominates the group.
- What was the revenue base a year ago?
- FY25 standalone revenue was ₹597.8 crore. The 77% increase represents a ₹459.7 crore jump in a single year.
- Is this a sustainable improvement?
- The filing shows a near-complete turnaround from ₹11.7 crore to ₹38.2 crore profit. Sustainability depends on whether gains are operational or cyclical.
Manaksia Steels Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on MANAKSTEEL →- 22 May 2026 · 4:38 PM IST Manaksia Steels profit more than triples on 77% revenue surge
- 18d ago ICRA assigns initial rating to Manaksia Steels, matching CARE grade
- 45d ago Manaksia Steels confirms FY26 audited results
- 45d ago Manaksia Steels files audited FY26 results with no new surprises
- 45d ago Manaksia Steels formalizes audited FY26 results