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Manaksia Steels Seeks Approval for ₹600 Crore Related Party Transactions for FY 2026-27
Manaksia Steels Limited has issued a postal ballot notice seeking shareholder approval for material related party transactions (RPTs) totaling ₹600 Crores for the 2026-27 financial year. The transactions involve the sale of raw materials, spare parts, and finished products to four group entities, including Sumo Steels and MINL Limited. These transactions are proposed to be conducted at arm's length and in the ordinary course of business. Shareholders can cast their votes via e-voting between February 13 and March 14, 2026.
Key Highlights
Proposed sale of raw materials and spares to Sumo Steels Limited capped at ₹250 Crores
Proposed transactions with MINL Limited for raw materials and spares up to ₹200 Crores
Sale of products to Manaksia Limited and Manaksia Ferro Industries Limited for ₹75 Crores each
Total aggregate value of proposed material related party transactions reaches ₹600 Crores for FY27
Remote e-voting period runs from February 13, 2026, to March 14, 2026
💼 Action for Investors
Investors should monitor the approval of these resolutions to ensure transparency in group dealings and assess if these high-volume RPTs impact the company's independent margin profile.
Manaksia Steels Q3 FY26 Consolidated PAT Surges 314% YoY to ₹9.61 Crore
Manaksia Steels reported a robust performance for Q3 FY26, with consolidated revenue nearly doubling to ₹317.86 crore compared to ₹160.48 crore in the same quarter last year. Net profit saw a massive jump of 314% YoY, reaching ₹9.61 crore, driven by strong operational performance. The company's EBITDA also improved significantly to ₹18.12 crore from ₹5.86 crore YoY. For the nine-month period ending December 2025, the company has already surpassed its full-year FY25 profit, indicating strong growth momentum.
Key Highlights
Consolidated Revenue from Operations grew 98% YoY to ₹317.86 crore in Q3 FY26.
Consolidated Net Profit (PAT) increased by 314% YoY to ₹9.61 crore from ₹2.32 crore.
EBITDA for the quarter stood at ₹18.12 crore, a significant jump from ₹5.86 crore in the year-ago period.
Nine-month consolidated PAT reached ₹20.60 crore, compared to just ₹5.04 crore in 9M FY25.
Earnings Per Share (EPS) for the quarter rose to ₹1.47 from ₹0.35 on a YoY basis.
💼 Action for Investors
The stock is likely to see positive momentum following this substantial growth in both top-line and bottom-line figures. Investors should monitor the sustainability of these margins in the upcoming quarters considering the cyclical nature of the steel sector.
Manaksia Steels Q3 FY26 PAT Surges 314% YoY to ₹9.61 Cr; Revenue Doubles
Manaksia Steels reported a stellar performance for Q3 FY26, with consolidated revenue nearly doubling to ₹320.56 crore from ₹160.53 crore in the previous year. Net profit (PAT) witnessed a massive jump of 314.38% YoY, reaching ₹9.61 crore, primarily driven by a 110% increase in sales volumes. EBITDA margins improved significantly from 3.65% to 5.65% due to better operating leverage and cost efficiencies. The company is also expanding its capacity with a new colour-coating line at Haldia expected to start trials by March 2026.
Key Highlights
Consolidated Q3 FY26 Net Profit surged 314.38% YoY to ₹9.61 crore compared to ₹2.32 crore in Q3 FY25.
Total Income for the quarter grew 99.70% YoY to ₹320.56 crore, supported by a 110% increase in sales volumes.
EBITDA increased by 209.13% YoY to ₹18.12 crore, with margins expanding from 3.65% to 5.65%.
Nigerian subsidiary reported over 50% revenue growth and achieved positive PAT during the period.
New Colour-Coating Line at Haldia is on schedule with trial production expected in February-March 2026.
💼 Action for Investors
Investors should take note of the significant volume-led growth and margin expansion despite soft steel prices. The upcoming commissioning of the Haldia expansion and successful international trials in Europe and Africa provide a strong outlook for FY27.
Manaksia Steels Q3 FY26 Consolidated PAT Jumps 314% YoY to ₹9.61 Crore
Manaksia Steels reported a robust performance for the quarter ended December 31, 2025, with consolidated revenue nearly doubling to ₹317.86 crore compared to ₹160.48 crore in the same quarter last year. The net profit saw a massive surge of 314% YoY, reaching ₹9.61 crore, driven by strong operational performance and higher sales volume. EBITDA also improved significantly to ₹18.12 crore from ₹5.86 crore YoY. For the nine-month period, the company's profit stands at ₹20.60 crore, a substantial increase from ₹5.04 crore in the previous year, already surpassing the full-year FY25 performance.
Key Highlights
Consolidated Revenue from operations grew 98% YoY to ₹31,786.00 Lacs from ₹16,048.05 Lacs.
Consolidated Net Profit (PAT) surged 314% YoY to ₹960.74 Lacs from ₹231.85 Lacs.
EBITDA for the quarter stood at ₹1,811.62 Lacs, a significant jump from ₹586.03 Lacs in Q3 FY25.
Basic EPS increased to ₹1.47 for the quarter compared to ₹0.35 in the year-ago period.
9M FY26 Consolidated PAT reached ₹2,059.58 Lacs, already exceeding the full-year FY25 PAT of ₹974.98 Lacs.
💼 Action for Investors
The company is exhibiting strong earnings momentum with 9-month profits already significantly higher than the previous full year. Investors should consider this a positive signal but monitor if this margin expansion is sustainable given the cyclical nature of the steel industry.