Man Industries Q4 Profit Falls 25% Despite Margin Expansion; Revenue Declines 5%
Man Industries India reported a 25.4 per cent year-on-year decline in consolidated net profit for the fourth quarter of FY26, as lower revenue weighed on earnings despite an improvement in operating margins.The company posted a consolidated net profit of Rs 50.9 crore for the January-March quarter, compared with Rs 68.2 crore in the corresponding period last year.
Revenue from operations fell 5 per cent to Rs 1,157.3 crore from Rs 1,218.5 crore a year earlier, reflecting softer business activity during the quarter.
Despite the decline in both revenue and profit, operating performance remained resilient. EBITDA increased 4.5 per cent year-on-year to Rs 139.7 crore from Rs 133.7 crore in the same quarter last year.
As a result, EBITDA margin improved to 12.1 per cent from 11 per cent a year earlier, highlighting better operational efficiency and cost management despite lower sales.
The results were approved at a meeting of the company’s board of directors held on 25 May 2026, which also cleared the audited standalone and consolidated financial statements for the quarter and financial year ended 31 March 2026.
In a regulatory filing, Man Industries said its statutory auditors had issued an unmodified opinion on the audited financial results for FY26.
The company is engaged in the manufacture of large-diameter pipes and related products catering to sectors including oil and gas, water transmission and infrastructure.
Shares of Man Industries closed 2.49 per cent lower at Rs 557 on the NSE on Monday following the earnings announcement.
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