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Earlier this month, the company secured another substantial order worth ₹400 crore ($52 million) for diverse pipes from a domestic buyer. This recent influx of orders has bolstered the company’s position in the market.
Looking ahead, Man Industries’ board of directors is set to convene on Wednesday, November 8, to review and approve the unaudited financial results for the quarter and half-year period ending September 30, 2023.
The company’s performance in the June 2023 quarter demonstrated a year-on-year net profit growth of 13%, rising to ₹11.88 crore ($1.56 million) from ₹10.50 crore ($1.38 million). This positive trend in profitability underlines the firm’s steady financial health amid an increasing order volume.
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