- Q1FY21 EBITDA for the period stands at Rs. 555 million as against 282 million up by 97% YoY
MUMBAI, AUGUST 12, 2020 (GPN): 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, 2020. The company reported total revenue of ₹ 4,104 Million in Q1FY21. EBITDA Margin stands at 13.5% as compared to 11.5% YoY up by 200 bps and PAT Margin Stands at 4.2% as compared to 1.1% YoY up by 314 bps.
Dr. R.C. Mansukhani, Chairman, Man Industries (India) Limited -Photo By GPN
Commenting upon the performance and future outlook of the Company, Dr. R.C. Mansukhani, Chairman said “All our plant operations have resumed successfully and we are back on track in terms of order execution. We are seeing good traction from domestic as well as international market on the back of revival of demand from key geographies and domestic sector already doing well with ample opportunities from several upcoming oil and gas and water projects like Nal se Jal and river linking. We expect good order Inflows from both domestic as well as international market in the near term”.
The unexecuted order book as on date is approximately Rs. 14,000 Million to be executed in the current financial year.
The company continues to have a robust book of outstanding bids for more than Rs. 1,80,000 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. ENDS
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