Man Industries India Ltd announces Q4FY20 results
Man Industries India Ltd announces Q4FY20 results
Highlights of the financial result for Q4FY20:
- Q4FY20 Total revenue of Rs. 6,708.7 Million up by 137% YoY.
- Q4FY20 EBITDA for the period stands at Rs. 4,724 Million up by 72%.
- Q4FY20 PAT for the period stands at Rs. 123.3 Million up by 675% YoY.
Chennai, June 23, 2020: MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing company has announced today its unaudited financial results for the Quarter and year ended March 31, 2020. The company reported total revenue of Rs. 17,756.1 Million in FY20. Gross Margin for the quarter stands at 28.9%, EBITDA Margin stands at 10.3% and PAT Margin Stands at 3.04%.
The EBITDA for the quarter is lower by Rs. 180 Million because of onetime provision otherwise the EBITDA would have been Rs. 652.4 Million instead of Rs. 472.4 Million.
Commenting upon the performance and future outlook of the Company, Dr. R.C. Mansukhani, Chairman said “The quarter saw us continuing to show operational excellence despite of all the challenges posed due to disru ptions caused by COVID 19 pandemic. All plant operations have resumed successfully. We are undertaking all necessary measures to ensure safety and well-being of our employees by strictly adhering to Government guid elines. We are expecting good order Inflows from both domestic as well as international market on the back of government’s focus to revive the economy through infrastructure projects”.
The unexecuted order book as on date is approximately Rs. 15,000 Million to be executed over a period of 6 to 9 Months. The compa ny continues to have a robust book of outstanding bids for more than Rs. 1,60,000 Million at various stages of evaluation for seve ral Oil, Gas and Water projects in India and abroad. The company therefore expects good order inflow in near future.
ABOUT MAN GROUP
Man Industries (India) Ltd. is the flagship company of Man Group, promoted by the Mansukhani family in 1970. The Company is a part of the well diversified MAN Group, growing under the dynamic leadership of Dr. R. C. Ma nsukha ni. Starting as an Aluminium Extruder in 1988, MAN Industries has now become one of the largest play ers in LSAW Pipes, Spirally Welded Pipes and Coating Systems.
It has state of the art manufacturing facilities with the total combined capacity of 1 Million Metric Tonnes p.a for LSAW and HSAW Pipes and is dedicated to highest Operating and Quality standards, environment protection an d Occupational Health & Safety Standards and is accredited by ISO-9001, ISO 14001 & OHSAS 18001 certific ation. The shares of the Company are listed with Bombay Stock Exchange and National Stock Exchange.
Man Industries (India) Limited has been a profit-making company since inception and also a consistent dividend paying company. The company holds an excellent track record of promptly meeting its financial obligations in a timely manner in the toughest market conditions.
