MAAN Aluminium posts robust net sales of INR 262.87 crore for Q4FY2023
On Tuesday, May 30, MAAN Aluminium, one of the pioneers in the aluminium extrusion industry in India, announced its financial results for the March quarter of 2023, whereby it reported net sales of INR 262.87 crore, up by 38.63 per cent quarter-on-quarter from INR 189.62 crore. On a year-on-year basis, the company’s net sales in Q4 FY2023 recorded a 103.78 per cent surge from INR 129 crore.
For the entire fiscal year ended March 31, 2023, MAAN Aluminium posted INR 813.69 crore (approx.) of net sales.
The company’s net profit in the March quarter stood at INR 14.46 crore, reflecting a slight rise of 3.21 per cent from INR 14.01 crore in the previous quarter and a surge of 76.99 per cent from INR 8.17 crore in the earlier year.
EBITDA stood at INR 22.30 crore in 4QFY2023, up by 70.23 per cent from INR 13.10 crore during the same period last year.
MAAN Aluminium also posted a year-on-year increase in EPS from INR 6.04 to INR 10.70 in 4QFY2023.
On May 30, MAAN Aluminium shares closed at 207.65 on BSE, giving 11.07 per cent returns over the past six months and 67.87 per cent over the last twelve months.
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