{"id":37636,"date":"2024-05-14T10:51:46","date_gmt":"2024-05-14T05:21:46","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/05\/14\/manaksia-coated-metals-and-industries-limited-fy24-standalone-net-profit-up-133-percent\/"},"modified":"2024-05-14T10:51:46","modified_gmt":"2024-05-14T05:21:46","slug":"manaksia-coated-metals-and-industries-limited-fy24-standalone-net-profit-up-133-percent","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/05\/14\/manaksia-coated-metals-and-industries-limited-fy24-standalone-net-profit-up-133-percent\/","title":{"rendered":"Manaksia Coated Metals and Industries Limited FY24 Standalone Net Profit Up 133 Percent"},"content":{"rendered":"
\n

Mumbai (Maharashtra) [India], May 14:<\/strong> Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leadingcoated metal products manufacturer and exporter. Specializing in Pre-painted Galvanised Steel and Plain Galvanised Steel in both coil and sheet forms, has reported its Audited financials for Q4 FY24 and FY24.<\/p>\n

Key Financial Highlights (Standalone)<\/strong><\/p>\n

\u00a0Standalone Key Financial Highlights FY24<\/strong><\/p>\n

\u2013 Total Income of \u20b9 745.80 Cr, YoY growth of 13.54%<\/p>\n

\u2013 EBITDA of \u20b9 56.91 Cr, YoY growth of 49.41%<\/p>\n

\u2013 EBITDA Margin of 7.63%, YoY growth of 183 Bps<\/p>\n

\u2013\u00a0 Net Profit of \u20b9 11.73 Cr, YoY growth of 133.08%<\/p>\n

\u2013\u00a0 Net Profit Margin of 1.57%, YoY growth of 80 Bps<\/p>\n

\u2013 \u00a0EPS of \u20b9 1.73, YoY growth of 124.68%<\/p>\n

Standalone Key Financial Highlights Q4 FY24<\/strong><\/p>\n

\u2013 Total Income of \u20b9 184.39 Cr, YoY growth of -1.79%<\/p>\n

\u2013 EBITDA of \u20b9 17.25 Cr, YoY growth of 71.27%<\/p>\n

\u2013 EBITDA Margin of 9.36%, YoY growth of 399 Bps<\/p>\n

\u2013 Net Profit of \u20b9 5.34 Cr, YoY growth of 72.87%<\/p>\n

\u2013\u00a0 Net Profit Margin of 2.90%, YoY growth of 125 Bps<\/p>\n

\u2013 EPS of \u20b9 0.78, YoY growth of 65.96%<\/p>\n

Key Highlights For FY24<\/strong><\/p>\n

\u2022 The Company announced Final Dividend of \u20b9 0.05 (5%) per share against the face value of \u20b9 1 per share.<\/p>\n

\u2022 The Company reported operating cash flow of \u20b9 21.82 Cr for FY24 against \u20b9 7.79 Cr in FY23.<\/p>\n

\u2022 In FY24 Metal products contributed \u20b9 724.53 Cr and other products contributed \u20b9 15.08 Cr.<\/p>\n

Commenting on the performance Mr. Karan Agrawal Whole Time Director, Manaksia Coated Metals & Industries Limited said,\u201d We are pleased to report a commendable growth trajectory for Manaksia Coated Metals & Industries Limited. There has been a notable increase in demand for our products, accompanied by a rise in metal prices, which has been advantageous.<\/p>\n

The capacity expansion executed in FY22 has been instrumental in meeting the heightened demand. Our strategic focus on metal products has significantly enhanced our operational efficiency.<\/p>\n

Our financial results demonstrate this positive momentum, with a remarkable YoY increase of 133% in net profit. Both total revenue and EBITDA have also experienced substantial growth, underscoring our sustained operational efficiency and profitability.<\/p>\n

Looking ahead, we are committed to seizing growth opportunities and delivering sustainable value for our stakeholders. To capitalize on these opportunities, we plan to incrementally increase our capacities across various product lines in phased manner. This strategic move aims to foster higher growth for the company in the coming years.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], May 14: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046),…<\/p>\n","protected":false},"author":1,"featured_media":37637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1340,1339],"class_list":["post-37636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/37636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=37636"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/37636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/37637"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=37636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=37636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=37636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}