Manaksia Coated Metals Q1 Results FY27: PAT Nearly Flat at Rs 14 Crore as Capacity Expansion Continues
- July 14, 2026
- Posted by: Ankit Jaiswal
- Category: News
Manaksia Coated Metals Q1 FY27: PAT Rs 14 Cr, up 0.67% YoY. Revenue Rs 262 Cr, up 4.94%. Gross profit Rs 24 Cr, up 11.31%. Stock up 2.28% at Rs 129.14 on 14 July 2026.
Manaksia Coated Metals Q1 results FY27 were announced on Tuesday, 14 July 2026, with the pre-painted and coated steel manufacturer reporting a consolidated net profit of Rs 14 crore, up a marginal 0.67% from the year ago quarter. Revenue in the Manaksia Coated Metals Q1 results FY27 grew 4.94% year on year to Rs 262 crore from Rs 249 crore, while gross profit rose a faster 11.31% to Rs 24 crore.
Shares of Manaksia Coated Metals and Industries rose 2.28% to close at Rs 129.14, with the market looking past the near-flat headline profit toward the company’s aggressive ongoing capacity expansion plans, which are central to its multi-year growth story.
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Manaksia Coated Metals Q1 results FY27 Financial Highlights
The June quarter delivered gross profit growth outpacing both revenue and net profit growth, a gap central to the Manaksia Coated Metals Q1 results FY27. The table below summarises the consolidated numbers against the year ago quarter.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue | Rs 262 Cr | Rs 249 Cr | +4.94% |
| Gross Profit | Rs 24 Cr | Rs 22 Cr | +11.31% |
| Net Profit (PAT) | Rs 14 Cr | Rs 14 Cr | +0.67% |
Gross profit growth of 11.31% outpacing both revenue growth of 4.94% and PAT growth of 0.67% in the Manaksia Coated Metals Q1 results FY27 suggests operating costs below the gross profit line, potentially tied to the company’s ongoing capacity expansion, absorbed most of the incremental gross margin gains this quarter.
Manaksia Coated Metals Q1 results FY27 Performance Analysis
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The near-flat 0.67% PAT growth in the Manaksia Coated Metals Q1 results FY27 masks a healthier underlying trend at the gross profit level, where 11.31% growth points to an improving product mix, likely from the company’s continued shift toward higher-value pre-painted steel, which now accounts for around 80% of sales.
Manaksia Coated Metals is in the middle of a major capacity expansion programme, with colour coating capacity set to jump from 86,000 tonnes per annum to 236,000 tonnes per annum by Q2 FY27 through a second colour coating line, and Alu-Zinc capacity planned to nearly double to 360,000 tonnes per annum by FY28. Costs associated with commissioning this new capacity likely weighed on net profit growth this quarter.
Export momentum remains a key strength underpinning this quarter’s results, with the company’s plant located close to the Kandla and Mundra ports supporting a rising export share that reached over 68% of revenue in the preceding full year, spread across more than 20 countries.
Manaksia Coated Metals Q1 results FY27: Key Business Factors
1. Major Capacity Expansion Underway
Colour coating capacity is set to rise 2.7 times to 236,000 tonnes per annum by Q2 FY27, and Alu-Zinc capacity is planned to nearly double to 360,000 tonnes per annum by FY28, a scale-up that is likely weighing on near-term costs behind the Manaksia Coated Metals Q1 results FY27 even as it sets up future growth.
2. Shift Toward Higher-Value Pre-Painted Steel
The company has been steadily increasing the share of pre-painted steel in its sales mix, which commands better realisations than plain galvanised or Alu-Zinc coated products, supporting the stronger gross profit growth visible in the Manaksia Coated Metals Q1 results FY27.
3. Strong Export Positioning
Proximity to the Kandla and Mundra ports and a presence across more than 20 countries has driven export share above 68% of revenue, a competitive advantage that continues to support the company’s overall growth trajectory.
Dividend Details
No new dividend was announced specifically alongside the Manaksia Coated Metals Q1 results FY27. The company’s board had earlier recommended a final dividend of Re 0.05 per equity share for FY26, and near-term capital is likely being prioritised for funding the ongoing capacity expansion programme rather than shareholder payouts.
Manaksia Coated Metals Q1 results FY27 Outlook for the Full Year
Commissioning of the second colour coating line and the 7 MW captive solar power plant, both targeted for Q2 FY27, are expected to contribute meaningfully to revenue and margins in the second half of the year. Investors should track the ramp-up of this new capacity, progress on the proposed merger with JPA Snacks Private Limited pending NCLT approval, and whether gross margin gains begin translating into stronger net profit growth in coming quarters.
Manaksia Coated Metals and Industries Stock Performance After the Q1 Results
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Manaksia Coated Metals and Industries share price rose 2.28% to close at Rs 129.14 on the NSE after the Manaksia Coated Metals Q1 results FY27, with the market focused on the company’s growth pipeline rather than the near-flat quarterly profit, a theme running through this earnings season for several small caps.
Following the Manaksia Coated Metals Q1 results FY27, the stock trades at a premium valuation multiple reflecting the market’s expectation for the company’s ambitious FY29 target of tripling revenue and EBITDA through its ongoing capacity and premiumisation initiatives, which raises the stakes for consistent execution in coming quarters.
Key Risks
Investors going through the fine print of the Manaksia Coated Metals Q1 results FY27 should also weigh the following risks.
1. Execution Risk on Multiple Simultaneous Projects
The company is executing capacity expansion, backward integration and renewable energy projects simultaneously, and any delays or cost overruns could pressure the growth trajectory implied by the Manaksia Coated Metals Q1 results FY27.
2. Raw Material and Steel Price Volatility
As a coated steel manufacturer, profitability behind the Manaksia Coated Metals Q1 results FY27 is sensitive to global steel and aluminium price movements, and with Metal Products contributing over 98% of revenue, the company has limited diversification against this commodity exposure.
3. Export and Currency Risk
With exports exceeding 68% of revenue, a trend reflected in the Manaksia Coated Metals Q1 results FY27, the company is exposed to currency fluctuations and potential trade policy changes in its more than 20 export markets, a risk factor worth weighing against the otherwise positive quarter.
Conclusion
Manaksia Coated Metals Q1 results FY27 show PAT nearly flat at Rs 14 crore, up just 0.67%, even as revenue grew 4.94% and gross profit rose a stronger 11.31%, with the stock still rising 2.28% as the market looked toward the company’s ambitious capacity expansion pipeline. Improving product mix and strong export positioning are the highlights, against execution risk on multiple simultaneous expansion projects. Investors reading the Manaksia Coated Metals Q1 results FY27 should track the new capacity ramp-up and consult a SEBI-registered advisor before acting on the numbers.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Manaksia Coated Metals Q1 results FY27
When were the Manaksia Coated Metals Q1 results FY27 announced?
Ans. The Manaksia Coated Metals Q1 results FY27 were announced on Tuesday, 14 July 2026, for the quarter ended 30 June 2026, with an earnings call scheduled for 15 July 2026.
What is the PAT in Manaksia Coated Metals Q1 results FY27?
Ans. The consolidated PAT in Manaksia Coated Metals Q1 results FY27 stood at Rs 14 crore, up a marginal 0.67% from Rs 14 crore in Q1 FY26.
What was the revenue in Manaksia Coated Metals Q1 results FY27?
Ans. Revenue in the Manaksia Coated Metals Q1 results FY27 rose 4.94% year on year to Rs 262 crore from Rs 249 crore, with gross profit growing a faster 11.31% to Rs 24 crore.
Why did Manaksia Coated Metals stock rise despite flat profit in Q1 FY27?
Ans. Despite near-flat PAT growth of 0.67% in the Manaksia Coated Metals Q1 results FY27, the stock rose 2.28%, with the market focused on the company’s ongoing capacity expansion plans and improving gross margin trend rather than the headline profit figure.
What capacity expansion is Manaksia Coated Metals undertaking?
Ans. The company is expanding colour coating capacity from 86,000 to 236,000 tonnes per annum by Q2 FY27, and Alu-Zinc capacity to 360,000 tonnes per annum by FY28, alongside a 7 MW captive solar power plant.
How did Manaksia Coated Metals share price react to the Q1 results FY27?
Ans. Manaksia Coated Metals and Industries share price rose 2.28% to close at Rs 129.14 on the NSE after the Manaksia Coated Metals Q1 results FY27.
Is Manaksia Coated Metals a good buy after the Q1 results FY27?
Ans. The Manaksia Coated Metals Q1 results FY27 show improving gross margins and a strong capacity expansion pipeline, though near-flat net profit and execution risk on multiple projects are factors to watch. This article is for educational purposes only. Consult a SEBI-registered advisor before investing.
