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Man Industries (India) Q1 FY27 results (Apr–Jun 2026) and concall

Capital Goods · Concall AI · Call held 12 Aug 2026

Man Industries delivered a robust Q1 FY27, achieving its highest ever consolidated quarterly EBITDA and strong revenue growth, driven by optimized product mix and a deepening global order pipeline. The company's order book and bid pipeline remain healthy, providing significant future visibility. Strategic expansions in Saudi Arabia (NPC acquisition, Dammam coating plant) and India (Jammu stainless project, Merino Shelters) are progressing, aiming to diversify revenue streams and enhance margins, despite some initial margin dilution from consolidation adjustments and a QoQ gross margin decline.

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What they filed

Q1 FY27: revenue up 41.9%, net profit up 117.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue806 732 1,218 742 834 +3%830 +13%1,157 −5%1,053 +42%
EBITDA64 79 121 49 121 +89%128 +62%140 +16%143 +192%
Net profit32 34 68 28 37 +16%55 +62%51 −25%61 +118%
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.