Q1 2027 Manaksia Coated Metals & Industries Ltd Earnings Call Transcript
Key Points
- Manaksia Coated Metals & Industries Ltd (BOM:539046) reported a strong Q1 FY27 with a 15% quarter-on-quarter revenue increase and a 3.6% year-on-year growth.
- EBITDA improved significantly, up 86% quarter-on-quarter, with margins recovering by 422 basis points to 11.06%.
- The company achieved its highest ever EBITDA per tonne at INR10,400, indicating healthy unit economics.
- Exports contributed 65% of total volume, with export revenue growing 20% year-on-year, and the company entered four new international markets.
- The upcoming second color coating line and a 7-megawatt solar power plant are expected to significantly boost capacity and reduce energy costs, respectively.
- The company faced a marginal decline in volume compared to Q1 FY26, attributed to the gradual ramp-up of the Alu-Zinc line.
- There were teething troubles with the new Alu-Zinc line, which affected the pace of ramp-up.
- The company is planning significant CapEx, estimated at INR350 crores, which will require a mix of internal accruals, debt, and equity, potentially increasing leverage.
- The working capital cycle is currently long at about 75 days, though expected to improve with future projects.
- The company faced cost pressures due to a spike in LPG prices during Q4 FY26, impacting EBITDA margins.
Ladies and gentlemen, good day, and welcome to Manaksia Coated Metals & Industries Limited Q1 FY27 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Sana Kapoor from Go India Advisors. Thank you, and over to you, Ms. Kapoor.
Thank you, Ranju. Good afternoon, everyone, and welcome to Manaksia Coated Metals & Industries Limited earnings call to discuss Q1 FY27 financial performance. Today, we are joined by Mr. Karan Agrawal, Whole-Time Director; Mr. Mahendra Bang, Chief Financial Officer; and Mr. Tushar Agrawal, Senior Vice President. We must remind you that the discussion on today's call may include certain forward-looking statements and must be, therefore, viewed in conjunction with the risks that the company faces.
May I now request Mr. Karan Agrawal to take us through the company's business outlook and financial highlights, subsequent to which we will open the floor for Q&A. Thank you, and over
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