Shares of Man Industries (India) Ltd skyrocketed 10% on Wednesday, 3 September, after the company announced securing a fresh export order worth Rs 1,700 crore.

The order calls for the supply of various coated pipes. It is scheduled to be delivered within the next six to twelve months. Man Industries reported a total unexecuted order book of around Rs 4,700 crore.

According to the corporation, the new purchase indicates both the robust business environment and customer trust.

Man Industries released its first-quarter results last month. The net profit climbed by 45.2% to Rs 27.6 crore from Rs 19 crore the previous year.

The company’s income from operations fell 0.9% to Rs 742.1 crore from Rs 749 crore in the previous year.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 28.2% to Rs 49.4 crore from Rs 38.5 crore last year. The EBITDA margin increased to 6.6% from 5.1% a year before.

At 12:10 pm, the shares of Man Industries were trading 8.68% higher at Rs 422.80 on NSE.

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!