Q2FY21 Total revenue of Rs.5951 million as against 3190 million up by 86 % YoY

Q2FY21 EBITDA for the period stands at Rs.602 million as against Rs. 401 million up by 50 % YoY

MUMBAI, 27 OCTOBER, 2020 (GPN):

Man Industries (India) Limited reports Financial Results:

Particulars (Million)	Q2FY21	Q2FY20	% change Y-o-Y	H1FY21	H1FY20	% change Y-o-Y
Revenue	5951	3190	86%	10052	5637	78%
EBITDA	602	401	50%	1157	684	69%
EBITDA Margin	10.12%	12.57%	-2.45 bps	11.51%	12.13%	-.62 bps
PAT	272	97	280%	446	124	260%
PAT Margins	4.57%	3.04%	+1.53 bps	4.43%	2.20	+2.23 bps

MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing company, has announced its unaudited financial results for the Quarter ended September 30, 2020. The company reported Total Revenue of Rs. 5951 Million in Q2FY21 up by 86% YOY. EBITDA stands at Rs. 602 Million up by 50% YoY. EBITDA Margin stands at 10.12 %. PAT for the quarter stands at Rs.272 Million up by 280% YoY.

The unexecuted order book as on date stands at approximately Rs. 16000 Million, to be executed in 6 to 8 months. The company continues to have a robust book of outstanding bids for more than ₹ 165000 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. 

Company has also declared an Interim Dividend of 40% (Rs. 2 per share).

Commenting upon the performance and future outlook of the Company, Dr. R.C. Mansukhani, Chairman said “We are happy to announce robust performance for the quarter despite the uncertainities created by the pandemic and we continue to expect sustained performance in the coming years. Opportunities in the Oil & Gas sector remain positive on the back of stabilizing oil prices and revival of projects in domestic as well as export market. Government focus on water Infrastructure projects remains the key driving force in the sector.”  ENDS