MAN Industries posts 4.3 pc growth in PAT

MAN Industries (India) Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2020.

The company reported total revenue of Rs 5,484 million in Q3FY21 a growth of 1.4 pc on a YoY basis. EBITDA stood at Rs 613 million with an EBITDA margin of 11.2 per cent. PAT for the quarter stood at Rs 306 million, a growth of 4.3 pc YoY, with a PAT margin of 5.6 pc.

The total revenue in 9MFY21 stood at Rs 15,536 million, a growth of 40.6 pc YoY compared to the same period last year. EBITDA stood at Rs 1,769 million, a growth of 29.1 pc YoY with an EBITDA margin of 11.4 pc. PAT stood at Rs750 Million, a growth of 74.3 pc YoY, with a PAT margin of 4.8 per cent.

RC Mansukhani, Chairman of the company said, “We are happy to announce a steady performance for the quarter despite the uncertainties created by the pandemic.”

He added: “We are seeing traction in the oil & gas industry domestically as well as globally. The long-term prospects in the water pipeline sector are also expected to remain robust due to various Government initiatives.”