Man Industries Q4 profit falls 25% to ₹51 crore despite better operating margins

Man Industries (India) Limited reported a 25.4% decline in consolidated net profit for the fourth quarter, with profit falling to ₹50.9 crore from ₹68.2 crore in the corresponding period last year.Revenue from operations declined 5% year-on-year to ₹1,157.3 crore in the January-March quarter, compared with ₹1,218.5 crore in the year-ago period.

Despite the decline in revenue and profit, the company reported growth in operating performance during the quarter. EBITDA rose 4.5% to ₹139.7 crore from ₹133.7 crore in the corresponding quarter of the previous financial year.
EBITDA margin improved to 12.1% in Q4 from 11% a year earlier, indicating better operational efficiency despite lower revenue.The company announced the financial results following the meeting of its Board of Directors held on May 25, 2026. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

In a regulatory filing, the company said the statutory auditors had issued an unmodified opinion on the audited financial results for FY26.

Man Industries is engaged in the manufacturing of large diameter pipes and related products.

Shares of Man Industries (India) Limited closed 2.49% lower at ₹557 on the NSE on Monday.