Manaksia Steels’ consolidated operating revenue increased by %50.6 year on year to INR 3,274.9 crore in the first quarter of fiscal 2027, from INR 2,174.9 crore in the same period of the previous year. Consolidated net profit increased from INR 64.9 crore to INR 226.5 crore, representing a %249 annual increase.
On a standalone basis, operating revenue increased by %50.4 to INR 3,022.2 crore, while net profit increased by %253.1 to INR 223.8 crore. The company had recorded standalone net profit of INR 63.5 crore in the same period of the previous year.
Strong increase in EBITDA
The company’s consolidated EBITDA increased by %180.6 year on year, rising from INR 132.6 crore to INR 372.1 crore. Standalone EBITDA increased by %189.7 from INR 125.4 crore to INR 363.3 crore.
Consolidated earnings per share (EPS) increased from INR 0.99 to INR 3.46, while standalone EPS increased from INR 0.97 to INR 3.41.
INR 800 crore expansion plan for Haldia facility
Manaksia Steels’ Board of Directors approved the company’s unaudited financial results at a meeting held on August 10, 2026, while also granting in principle approval for the expansion of its production facility in Haldia, West Bengal.
The project, which is expected to require an investment of approximately INR 800 crore, is planned to be financed through debt and the company’s internal resources. The two phase expansion will focus on increasing cold rolled coil and coated steel production capacity.
The first phase will include the installation of a second color coating line and a cold rolling mill, while the second phase is expected to further increase the company’s production capacity for specialty steel products.
The company is also evaluating the option of installing a 10 MW solar power plant to support the energy requirements of its expanded operations.
As part of the investment, Manaksia Steels is also applying for special incentives under West Bengal’s new State Industrial Policy, which is expected to come into effect. The implementation schedule of the project will depend on the outcome of the company’s incentive application submitted to the state government.
The company’s 25th Annual General Meeting is scheduled to be held via video conference on September 23, 2026.
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