Manaksia Steels' Q1 FY 2025-26 Quarterly Results

Result Summary

• Manaksia Steels Ltd reported a 31.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 30.2%.
• Its expenses for the quarter were up by 32.0% QoQ and 27.9% YoY.
• The net profit increased 43.9% QoQ and increased 298.2% YoY.
• The earnings per share (EPS) of Manaksia Steels Ltd stood at 1 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Manaksia Steels Ltd is a company primarily engaged in the steel manufacturing industry. The firm is known for its production and distribution of various steel products, catering to a wide range of industries including construction, automotive, and general engineering. Manaksia Steels Ltd has been evolving its operations to meet the increasing demand for steel and to incorporate more innovative and sustainable practices in its manufacturing processes. As of the latest available information, there have been no major developments announced in the public domain that could significantly impact the company's current operational or financial standing. For a more detailed and current status, stakeholders are encouraged to refer to the company’s official communications.

Revenue

In Q1FY26, Manaksia Steels Ltd reported a total income of ₹220.00 crores. This marks a significant quarter-over-quarter increase of 31.7% from ₹167.09 crores reported in Q4FY25. On a year-over-year basis, the growth in total income is 30.2%, rising from ₹168.98 crores in Q1FY25. This upward trend suggests that the company has experienced substantial revenue growth over both the last quarter and the corresponding quarter of the previous year. The increase in total income could be attributed to several factors, including potentially increased sales volume, improved pricing strategies, or expansion into new markets.

Profitability

Manaksia Steels Ltd's profitability in Q1FY26 has shown remarkable improvement. The profit before tax was ₹8.62 crores, up 54.5% from the previous quarter's ₹5.58 crores. Year-over-year, the growth is even more pronounced at 158.9%, compared to ₹3.33 crores in Q1FY25. After accounting for taxes, the profit after tax for Q1FY26 stands at ₹6.49 crores, which is a 43.9% increase from ₹4.51 crores in Q4FY25, and a significant 298.2% rise from ₹1.63 crores in Q1FY25. The company's earnings per share (EPS) also followed this growth trajectory, rising to ₹1.00 from ₹0.70 in the previous quarter and ₹0.30 in the same quarter last year. These figures highlight a strong enhancement in profitability metrics.

Operating Metrics

The total expenses for Q1FY26 were reported at ₹211.38 crores, reflecting a quarter-over-quarter increase of 32.0% from ₹160.09 crores in Q4FY25. On a year-over-year basis, total expenses rose by 27.9% from ₹165.23 crores in Q1FY25. The tax expense for Q1FY26 was ₹2.13 crores, nearly double the previous quarter's ₹1.07 crores, and a 25.3% increase from ₹1.70 crores in Q1FY25. The significant rise in expenses aligns with the increased revenue and profitability, indicating that the company might be scaling up its operations. The EPS growth of 42.9% quarter-over-quarter and a substantial 233.3% year-over-year underscore the company's improved financial performance metrics. These metrics provide insights into the operational effectiveness and financial health of the company during the reported period.