Man Industries shares gain nearly 10% on bagging new export order worth ₹1,700 crore

Shares of Man Industries (India) Ltd. gained 9.5% on Wednesday, September 3, after the company said it has received a new export order worth ₹1,700 crore.

The order is for the supply of various coated pipes. It is expected to be delivered during the next six to 12 months.

Man Industries said its total unexecuted order book now stands at around ₹4,700 crore.

The company said the new order reflects the robust business environment and customer trust as well.

Man Industries reported its first quarter results last month

. Its net profit increased 45.2% to ₹27.6 crore from ₹19 crore last year.

Its revenue from operations declined 0.9% to ₹742.1 crore from ₹749 crore in August last year.

The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 28.2% to ₹49.4 crore from ₹38.5 crore last year. The EBITDA margin expanded to 6.6% from 5.1% in the year-ago period.

Man Industries also reaffirmed its FY26 revenue growth guidance of around 20%, supported by strong momentum expected in the second half of the fiscal year. This outlook is underpinned by a robust production schedule for the second half of the current fiscal and steady order inflows, which are expected to improve capacity utilisation.

Man Industries shares gained 9.5% to hit an intraday high of ₹426 apiece on Wednesday. The stock was up 8% at ₹420 apiece around 10 am.

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