MAN Industries’ PAT, EBITDA Margins UP

MAN Industries (India) Limited on August 12 announced its unaudited financial results for the quarter ended June 30, 2020. The company reported total revenue of Rs. 4,104 million in Q1FY21. EBITDA margin stood at 13.5 pc as compared to 11.5 pc YoY up by 200 bps and the PAT margin stood at 4.2 pc as compared to 1.1 pc YoY up by 314 bps.

Commenting upon the performance and future outlook of the company, Chairman RC Mansukhani said “All our plant operations have resumed successfully and we are back on track in terms of order execution. We are seeing good traction from domestic as well as international market on the back of the revival of demand from key geographies and the domestic sector already doing well with ample opportunities from several upcoming oil and gas and water projects like Nal se Jal and the river linking. We expect good order Inflows from both domestic as well as the international market in the near term”.

According to a press release, the unexecuted order book as on date is approximately Rs. 14,000 million to be executed in the current financial year.

The company continues to have a robust book of outstanding bids for more than Rs. 1,80,000 million at various stages of evaluation for several oil, gas and water projects in India and abroad. It, therefore, expects good order inflow in near future, adds the release.