MAANALU

What Maan Aluminium promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 0 delivered 6 missed 10 open
  • EBITDA Margin went quiet said Q2 FY26 Promised: Get back the EBITDA kind of numbers where we are between 15%-18% within the next 2-3 years. Q1 FY27: The target was not mentioned. With current EBITDA margin at 3%, both the original 15-18% and revised 8% targets seem abandoned.
  • Dewas Unit Operational Status delayed said Q2 FY26 Promised: Hopefully, we can have it online by Q1 or Q2 of next year [FY27]. Q1 FY27: Timeline pushed out again. Management now expects the plant to be 'up and running' by 'mid of next year' (mid-FY28), representing another significant delay.
  • Dewas Facility Utilization on track said Q4 FY26 Promised: we are very confident that we should be able to at least do 40-50% of the utilization of that plant. Q1 FY27: The target remains valid but is conditional on the commissioning of the Dewas plant, which has been further delayed to mid-FY28.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 16 tracked commitments for Maan Aluminium — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens