Man Industries Q3 FY26 EBITDA Jumps 61% to ₹136 Cr, Margins Hit Record 16.2%
Man Industries reported record Q3 FY26 consolidated EBITDA of ₹136 crore, up 61% YoY, with margins at 16.2%. Nine-month EBITDA grew 47% to ₹318 crore. Order book stands at ₹4,000 crore. Saudi Arabia facility to start by Q1 FY27, Jammu by Q2 FY27. Full-year revenue guidance reiterated at ₹3,600-3,700 crore.
The announcement details strong financial results, record margins, a substantial order book, and significant capacity expansions, which are material factors that can significantly influence investor perception and the company's future growth trajectory.
The company reported significant year-on-year growth in EBITDA and PAT, record-high EBITDA margins, a strong order book, and progress on strategic expansions, all indicating a positive financial and operational performance.
Man Industries (India) Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a robust operating performance with significant improvements in profitability and margin expansion.
For the third quarter of FY26, consolidated EBITDA surged by approximately 61% year-on-year to ₹136 crore, with EBITDA margins expanding by 480 basis points to 16.2%. This marks the highest consolidated quarterly margin achieved by the company to date. Revenue from operations for the quarter stood at ₹830 crore, a 13.4% increase year-on-year.
In the nine months ended December 31, 2025 (9M FY26), consolidated EBITDA grew by around 47% year-on-year to ₹318 crore, and margins improved by 380 basis points to 13.1%. Consolidated Profit After Tax (PAT) in 9M FY26 grew by approximately 41% year-on-year to ₹120 crore, while cash profit increased by ~47% year-on-year. The company maintained a net cash position of approximately ₹38 crore as of December 31, 2025.
The company's executable order book stands at approximately ₹4,000 crore, providing revenue visibility for the next 6-12 months. Strategic capacity expansion initiatives in Saudi Arabia and Jammu are progressing well, with the Saudi facility expected to commence commercial production by Q1 FY27 and the Jammu facility by Q2 FY27.
Man Industries reiterates its full-year revenue guidance of ₹3,600 – ₹3,700 crore for FY26, implying approximately 15-20% year-on-year growth. Managing Director, Mr. Nikhil Mansukhani, expressed satisfaction with the record quarterly EBITDA margins and highlighted the company's strong position for future growth due to its order book and expansion plans.
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Man Industries (India) Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Man Industries (India) Limited. Read the original for the full detail.