Maan Aluminium Ltd

Financial Performance

• Revenue from operations: INR232 crores, up 10% YoY vs Q1 FY26.
• EBITDA: INR7 crores; EBITDA margin approx. 3% (Q4 FY26 ~2%).
• PAT: INR3 crores; EPS: INR0.52 (Q4 FY26: INR0.29).
• Manufacturing turnover: INR70 crores (Q1 FY27).
• Exports: about 40% of manufacturing turnover.
• FY26 revenue: INR809 crores; EBITDA: INR31 crores; PAT: INR13 crores.
• FY25 revenue: INR810 crores; PAT: INR16 crores.
• Q1 production: 1,558 metric tons.

Operations and Mix

• Integrated platform: foundry 12,000 tpa; extrusion 24,000 tpa; anodizing 3,600; machining 1,400.
• Exports across US, UAE, Australia, UK, Qatar, Israel; ~45% of revenues from exports.
• Hedging: manufacturing hedged; unhedged exposure <5%.
• Value-added margins: extrusion 6–10%; value-added products 15%+.
• Dewas project online within 6–8 months; aerospace/defense focus.
• Pithampur ramp-up about 25%.

Capex and Projects

• Capex roadmap: INR166 crores over 3 years; INR90 crores for new plants.
• Dewas capex: online within 6–8 months; high-margin converters focus.
• Q1 FY27 capex: less than INR5 crores; major capex in H2 FY27.
• Pithampur and Dewas milestones under active development.

Q&A Highlights

• Q1 production 1,558 MT; export share ~40%.
• Manufacturing turnover ~INR70 crores; exports ~40%.
• Hedging: manufacturing hedged; <5% unhedged; margins improved with value-add.
• Anodizing utilization ~45–50%; machining ~55% utilization.
• Debt: No debt; company says there is enough capital; deleveraging underway.
• Oil/gas costs being recovered via customer pricing on renewals.

Guidance and Outlook

• Our focus for FY '27 and going forward will, therefore, will be to remain on the profitable growth, improving our manufacturing mix, completing our capex cycles as soon as possible, disciplined working capital, efficient capital allocation and strengthening our ratios.

Balance Sheet and Cash Flow

• Balance sheet remains strong; low leverage; working capital efficiency improving; no major debt raised.

Purpose and fund-raising details

• Purpose: deviation/variation in utilization of funds raised via preferential issue.
• Funding mode: Preferential issue of Equity.
• Audit Committee reviewed and approved the deviation/variation.

Business overview

• Dual verticals: extrusion manufacturing and primary aluminium trading.
• Exports contribute about 60% of manufacturing revenue across 6+ countries.
• 1+1 manufacturing units operational; second unit under commissioning.
• 700+ employees and 300+ active customers served.

Operational highlights

• Q1FY27 revenue 232 Cr, up 10% YoY; Q4FY26 255 Cr.
• Capacity: Foundry 12,000; Extrusion 24,000; Anodizing 3,600; Machining 1,400 TPAs.
• Capex plan total ₹166 Cr; New Italian Press ₹34 Cr; other CAPEX as listed.
• New plants under development totaling ₹90 Cr across FY25–FY28.

Financial performance

• FY26 revenue 809 Cr; EBITDA 31 Cr; PAT 13 Cr; margins 4% and 2% respectively.
• Q1FY27 EBITDA 7 Cr; PAT 3 Cr; PAT margin 1%; EPS 0.52.
• Finance costs 1 Cr; Depreciation 2 Cr.

Capex & capacity expansion

• New plants under development total 90 Cr across FY25–FY28.
• Cumulative CAPEX projected at ₹166 Cr.

Governance & leadership

• CFO: Mr. Umesh Chandra Pant.

Financial results approved

• Unaudited Q1 FY2026 results (June 30) approved; revenue ₹23,186 lakh; net profit ₹310 lakh.

Audit and regulatory

• Limited Review Report from statutory auditors attached.
• Audit Committee reviewed results; Board approved on Aug 13, 2026.

Segment and compliance notes

• Single business/segment; Ind AS 108 requires no separate reportable segments.

Auditor remarks

• Auditor’s review concluded no material misstatement.

Meeting Details

• Date and time: Friday, 14 August 2026 at 01:00 PM IST.
• Meeting type and mode: earnings conference call; virtual.
• Organizer: Maan Aluminium Limited.

Participants

• Executive Director and Chief Financial Officer to participate.

Purpose

• Discuss Q1 FY27 financial results.

Additional Notes

• Audio/video recording and transcript will be made available.

Item 1 – Independent Director

• Special resolution; appoints Karan Bhatia as Independent Director for five-year term (Apr 2026–Mar 2031).
• Turnout 49.54%; 99.9976% of votes polled in favour; 0.0024% against.
• Independent Director eligible; not liable to retire by rotation.

Item 2 – MOA alteration

• Special resolution to alter MOA by adding Clause 3A for electricity and energy operations.
• Turnout 49.54%; 99.9976% of votes polled in favour; 0.0024% against.
• Subject to regulatory approvals (Registrar of Companies) for MOA amendment.
• Promoter group not interested in this resolution.

Dematerialisation processing status

• Dematerialisation certificates were listed on exchanges where the company’s earlier securities are listed.
• Certificates received for dematerialisation were mutilated and cancelled after verification; depositories' names substituted as registered owner within timelines.

Postal ballot resolutions

• Special Resolution: Appoint Karan Bhatia as Independent Director; 86 votes in favour, 117 against.
• Special Resolution: Alter MOA object clause; 29,718,314 in favour (99.9976%), 724 against (0.0024%), approved.