Maan Aluminium Ltd — earnings calls

Maan Aluminium reported Q1 FY27 revenue of INR232 crores, up 10% year-on-year but lower sequentially from INR255 crores in Q4 FY26, while EBITDA rose about 40% quarter-on-quarter to INR7 crores and PAT was approximately INR3 crores. Management attributed the export slowdown to duties that reduced export share from historical highs of 60-70% to around 45% of manufacturing revenue, and discussed ongoing capex on the Dewas precision tubing plant and Pithampur Italian press ramp-up. Management also addressed logistics and freight cost pressures linked to the Middle East situation and the Strait of Hormuz, and said working capital days had elongated due to capex-related raw material procurement.

Maan Aluminium reported flat FY26 revenue of Rs 809 crore versus Rs 810 crore in FY25, while EBITDA rose 3% to Rs 31 crore and profit after tax fell 19% to Rs 13 crore. Management attributed the profit decline to higher raw material prices, lower export contribution, and increased energy costs tied to gas supply restrictions, while noting a 54% rise in net worth to Rs 274 crore following a preferential capital raise. The company commissioned a new Italian extrusion press at Pithampur, raising extrusion capacity from 10,000 to 24,000 tons per annum, and completed acquisition and refurbishment of the Dewas facility for future tubing operations.