Manaksia Coated Metals & Industries Ltd approves unaudited Q2 FY27 results, with consolidated revenue of ₹318.69 crore, up 44.6% YoY
- Revenue rose 21.6% sequentially; net profit increased 34.0% YoY and 32.6% sequentially to ₹18.79 crore. Derived operating margin was approximately 10.7%; no exceptional items were reported and the limited review conclusion was unmodified.
- Subject to shareholder approval, the Board proposed raising asset-disposal and borrowing limits from ₹1,000 crore to ₹2,500 crore.
- Also proposed changing the exchange ticker from MANAKCOAT to MCMIL and setting performance-based remuneration ceilings for specified executives.