Man Industries (India) Limited on Monday reported its highest-ever quarterly EBITDA margin of 16.2 per cent for the three months ended December 31, 2025, marking a 480 basis points expansion from 11.4 per cent in the year-ago period. The company’s consolidated EBITDA surged 61 per cent year-on-year to ₹136 crore in Q3FY26, driven by a favorable product and geographic mix.
The large-diameter carbon steel line pipe manufacturer posted consolidated revenue from operations of ₹830 crore for the quarter, up 13.4 per cent year-on-year. Profit after tax grew 61.3 per cent to ₹55 crore, with PAT margins expanding 200 basis points to 6.6 per cent. On a sequential basis, PAT improved 48.8 per cent from ₹37 crore in Q2FY26.
For the nine-month period ended December 31, 2025, consolidated EBITDA grew 47 per cent to ₹318 crore with margins at 13.1 per cent, up 380 basis points year-on-year. Revenue stood at ₹2,407 crore, up 5.2 per cent, while PAT increased 40.7 per cent to ₹120 crore. The company maintained a net cash position of ₹38 crore as of December 31, 2025.
The Mumbai-based company reported an executable order book of ₹4,000 crore, providing revenue visibility for the next 6-12 months. Managing Director Nikhil Mansukhani said the company remains on track with capacity expansion plans in Saudi Arabia and Jammu. The Saudi facility is expected to commence commercial production by Q1FY27, while the Jammu facility is targeted for commissioning by Q2FY27.
Man Industries reiterated its full-year revenue guidance of ₹3,600-3,700 crore, implying 15-20 per cent growth in its core business.
Shares of Man Industries traded at ₹381.20 on NSE at 1:51 pm on Monday, up 4.91 per cent or ₹17.85 from the previous close of ₹363.35. The stock touched an intraday high of ₹397.40 and a low of ₹367.80, with 18.33 lakh shares changing hands.
Published on February 9, 2026