Manaksia top-line grows amid higher income in March period

Manaksia Limited has experienced significant growth in the past year. While its net assets as of March 31, 2023, stood at Rs 1,393.3 crore, the market cap has jumped to Rs 973.18 crore.

Manaksia is a Kolkata-based company, a key player in metal products. It manufactures high quality aluminium corrugated sheets and coils.

The firm has announced its quarterly earnings, reporting a consolidated net profit of Rs 38.1 crore in the January-March period. This shows an increase of around 18 per cent from the previous quarter, mainly due to rise in volumes. In the quarter ended December 31, 2022, the flagship company of the Manaksia Group recorded a net profit of Rs 31.8 crore.

Manaksia Limited also informed that its consolidated net profit for the financial year 2022-23 amounted to Rs 107 crore.

According to the filing, its consolidated revenue from operations increased to Rs 305.7 crore from Rs 289.4 crore in the period ending December 31, 2022. Its revenue from operations for the entire financial year amounted to Rs 1,174 crore.

Manaksia, incorporated in 1984, is also involved in the manufacturing of galvanized steel, metal colour-coated sheets & coils and aluminum alloy ingots for the automotive sector.