Manaksia Steels Share Price Locked In 5% Upper Circuit After FY26 Results; Revenue Jumps 78% YoY

On Monday, the Indian equity benchmarks traded higher during the session, with the benchmark Nifty 50 index rising 1.10 per cent to 23,987.20. Smallcap metal and steel stocks remained in focus following strong quarterly earnings announcements. In this segment, Manaksia Steels share price hit the 5 per cent Upper Circuit at Rs 68.92 after the company reported sharp growth in Q4FY26 and FY26 profitability.

Manaksia Steels Q4FY26 Performance

Manaksia Steels Limited reported consolidated revenue from operations of Rs 333.08 crore during Q4FY26 as against Rs 204.14 crore reported in Q4FY25, registering a growth of around 63.2 per cent YoY. Total income stood at Rs 331.24 crore during the quarter compared to Rs 205.00 crore reported in the corresponding quarter previous year.

Quarterly EBITDA surged 268.3 per cent YoY to Rs 36.12 crore from Rs 9.81 crore reported in Q4FY25. Profit before Tax (PBT) climbed 441.2 per cent YoY to Rs 26.40 crore during the quarter as against Rs 4.88 crore reported in the year-ago period.

Profit after tax (PAT) for Q4FY26 jumped 310.6 per cent YoY to Rs 19.32 crore from Rs 4.71 crore reported in Q4FY25. Total comprehensive income stood at Rs 12.82 crore during the quarter compared to a loss of Rs 4.60 crore reported in the corresponding quarter previous year.

Manaksia Steels FY26 Performance

For the financial year ended March 31, 2026, consolidated revenue from operations increased 78.3 per cent YoY to Rs 1,131.10 crore from Rs 634.26 crore reported in FY25. Total income stood at Rs 1,135.43 crore during FY26 compared to Rs 646.79 crore reported in the previous financial year.

EBITDA nearly tripled during FY26, rising 196.2 per cent YoY to Rs 80.89 crore from Rs 27.31 crore reported in FY25. Profit before tax surged 351.3 per cent YoY to Rs 54.15 crore from Rs 12.00 crore reported in the previous financial year.

Net profit after tax for FY26 stood at Rs 39.92 crore, registering a growth of 309.4 per cent YoY compared to Rs 9.75 crore reported in FY25. Total comprehensive income during FY26 stood at Rs 36.62 crore.

Operational Highlights

Finance costs during Q4FY26 stood at Rs 6.75 crore, while depreciation and amortisation expenses came in at Rs 2.98 crore during the quarter.

The company stated that the impact of newly implemented Labour Codes has been assessed in both standalone and consolidated financial results and was considered not material at present.

Subsidiaries And Business Operations

The consolidated financial results include Manaksia Steels Limited along with its wholly owned subsidiaries including Federated Steel Mills Limited, Far East Steel Industries Limited and Sumo Agrochem Limited.

The company operates primarily in the metals segment and focuses on steel and related product manufacturing activities through its subsidiaries.

Manaksia Steels  Stock Performance

Manaksia Steels was trading at Rs 68.92 on Monday, up 5 per cent from its previous close. The stock has delivered returns of around 8.79 per cent over the past one year, 16.32 per cent over two years and 76 per cent over the past three years.

The stock’s 52-week high and low stood at Rs 83.36 and Rs 46.55, respectively.

About Manaksia Steels

Manaksia Steels Ltd operates in the metals segment and is engaged in steel and related product manufacturing activities. The company conducts operations through multiple wholly owned subsidiaries and serves domestic and international markets.

The company primarily focuses on value-added steel products and reports its operations under a single primary business segment classified as “Metals”.

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Disclaimer: This article is for informational purposes only and not investment advice.