MAANALU Maan Aluminium Q3 FY26 results (Oct–Dec 2025) and concall
Maan Aluminium reported a mixed Q3 FY26, with revenue declining 16% YoY to INR152 crores due to lower trading and muted exports, while EBITDA grew 16% to INR7 crores, supported by an improved manufacturing mix. The company is undergoing a strategic transformation towards high-value-added products, expanding capacity to 24,000 MT, and investing over INR190 crores in capex over the next three years. Despite near-term challenges from ramp-up costs and under-utilization, management expects normalized EBITDA margins of ~8% in the medium term, driven by value-added products and operating leverage.
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What they filed
Q3 FY26: revenue down 16.6%, net profit down 7.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 205 | 182 | 246 | 211 | 191 −7% | 152 −17% |
| EBITDA | 8 | 5 | 8 | 5 | 8 +5% | 6 +15% |
| Net profit | 5 | 3 | 4 | 3 | 6 +12% | 3 −7% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





