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Maan Aluminium Q3 FY26 results (Oct–Dec 2025) and concall

Metals & Mining · Concall AI · Call held 17 Feb 2026

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.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue205 182 246 211 191 −7%152 −17%
EBITDA8 5 8 5 8 +5%6 +15%
Net profit5 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.