The company reported consolidated Profit After Tax (PAT) at Rs25.9cr compared to Rs12.5cr in Q4FY20, a rise of 107% yoy, with a PAT Margin of 4.6%. FY21 PAT stood at Rs100.9cr compared to Rs55.5cr in FY20, a growth of 81.7% yoy, with a PAT Margin of 4.8%.
For the quarter ended March 31, 2021, total income stood at Rs557.3cr compared to 670.9cr, a decline of 17% yoy. Total income in FY21 stood at Rs2,111cr, a growth of 18.9% yoy compared to Rs1775.8cr in FY20.
EBITDA in Q4FY21 stood at Rs58.9 compared to Rs47.7cr in Q$FY20, an increase of 24.2% yoy, with EBITDA margin of 10.6%. For FY21, EBITDA stood at Rs235.8cr compared to 184.5cr in FY20, a growth of 27.8 % yoy with an EBITDA margin of 11.2%.
Further, the company has reported the Standalone total income of Rs557.3cr in Q4FY21. EBITDA stood at Rs58.9cr, a growth of 24.2% yoy. EBITDA Margin stood at 10.6%. PAT for the quarter stood at Rs25.9cr, a growth of 107% yoy, with a PAT Margin of 4.6%.
The company said, unexecuted order book as on March 31, 2021 stood approximately at Rs1.800cr, to be executed in the current financial year. The company continues to have a robust book of outstanding bids for more than Rs12,000cr at various stages of evaluation for several Oil, Gas and Water projects in India and abroad. The company therefore expects good order inflow in near future.
“We are happy to announce a steady performance for the quarter despite the uncertainties created by the pandemic. Reported revenue for the quarter stands at Rs557.3cr. EBITDA for the quarter has grown by 24% year on year to Rs58.9cr. Opportunities in the oil and gas sector remain positive on account of higher oil prices and increasing drilling activities globally."
"Government’s aim to increase the share of Natural Gas in the country’s energy mix to 15 % by 2030 and make India a Gas-based economy will provide ample opportunities for steel pipes manufacturers like us. We are seeing traction in Oil & Gas industry domestically as well as globally,” R.C. Mansukhani, Chairman, MAN Industries (India) Limited, said.
“We expect the demand in the oil and gas along with water related infra to give a big push to the demand in the coming quarters and we have started to see good traction in the opening of the bids from various companies and govt. agencies. Overall, we remain committed to deliver profitable growth and continue be one of the major players in the industry. I would like to thank the entire team of our company for their constant hard work,” he added.