Tuesday, 23 June 2020

Man Industries India Ltd announces

Man Industries India Ltd announces Q4FY20 results
Highlights of the financial result for Q4FY20:
·        Q4FY20 Total revenue of Rs. 6,708.7 Million up by 137% YoY.
·        Q4FY20 EBITDA for the period stands at Rs. 4,724 Million up by 72%.
·        Q4FY20 PAT for the period stands at Rs. 123.3 Million up by 675% YoY.
MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing company has announced today its unaudited financial results for the Quarter and year ended March 31, 2020. The company reported total revenue of Rs. 17,756.1 Million in FY20. Gross Margin for the quarter stands at 28.9%, EBITDA Margin stands at 10.3% and PAT Margin Stands at 3.04%.

The EBITDA for the quarter is lower by Rs. 180 Million because of onetime provision otherwise the EBITDA would have been Rs. 652.4 Million instead of Rs. 472.4 Million.

Commenting upon the performance and future outlook of the Company, Dr. R.C. Mansukhani, Chairman said “The quarter saw us continuing to show operational excellence despite of all the challenges posed due to disruptions caused by COVID 19 pandemic. All plant operations have resumed successfully. We are undertaking all necessary measures to ensure safety and well-being of our employees by strictly adhering to Government guidelines. We are expecting good order Inflows from both domestic as well as international market on the back of government’s focus to revive the economy through infrastructure projects”.

The unexecuted order book as on date is approximately Rs. 15,000 Million to be executed over a period of 6 to 9 Months.

The company continues to have a robust book of outstanding bids for more than Rs. 1,60,000 Million at various stages of evaluation for several Oil, Gas and Water projects in India and abroad. The company therefore expects good order inflow in near future.

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