MAN Industries (India) Ltd. Latest Updates

Q2 FY26 Financial Performance and Order Book MAN Industries reported a robust financial performance for the quarter ended September 30, 2025 (Q2 FY26). The company achieved its highest-ever consolidated quarterly EBITDA margin of 12.5%, representing an expansion of 340 basis points year-on-year. Consolidated Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by approximately 37% year-on-year to ₹102 crore. The company maintains a strong executable order book of approximately ₹4,750 crore, with deliveries scheduled over the next 6-9 months, and a bid pipeline exceeding ₹15,000 crore. Strategic Expansion Projects The company's key strategic expansion projects in Saudi Arabia and Jammu are progressing as per schedule, with significant civil and equipment milestones already achieved. Both projects are anticipated to be commissioned by Q4 FY26. These expansions are central to the company's global growth roadmap and capacity enhancement plans, and the company reiterates its full-year revenue growth guidance of around 20% year-on-year for FY26. Regulatory and Corporate Developments The Securities Appellate Tribunal (SAT) has granted a stay on the entire SEBI order dated September 29, 2025, which had barred the company and three senior executives from accessing the securities markets for two years. This stay is conditional on the deposit of 50% of the penalty amount. Separately, the company's Board of Directors approved the appointment of Mrs. Esha Padmanabhan Achan as an Additional Independent Director for a period of five years, subject to shareholder approval.