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Man Industries (India) Ltd Q1FY24; 20% rise in Profits

Man Industries Ltd. is one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India with a total installed capacity of 1 million tonnes. MIL has two plants: one plant in Anjar, Kutch District of Gujarat and other in Pithampur, Madhya Pradesh. Anjar plant facilitates easy transportation to two major ports Kandla and Mundra as well as provides good
connectivity to the road network. Both facilities put together spread across ~150 acres of land.

Financial Results:

Man Industries (India) Ltd reported Revenues for Q1FY24 of ₹464.00 Crores down from ₹495.00 Crore year on year, a fall of 6.26%.

Total Expenses for Q1FY24 of ₹453.00 Crores down from ₹494.00 Crores year on year, a fall of 8.3%.

Consolidated Net Profit of ₹12.00 Crores up 20.0% from ₹10.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.98, up 13.14% from ₹1.75 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: pipes
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