Maan Aluminium's Q3 net profit down 59.01% Y-o-Y; Stock in free fall with a 25.32% decline

Maan Aluminium, a well-known name in the aluminium extrusion industry in India, reported net sales of INR 182.09 crore (USD 20.82 million) in 3rd Quarter of FY25 ending December 2024, down 14.5 per cent Y-o-Y from INR 212.97 crore (USD 24.35 million) in December 2023. Quarterly net profit was also 59.01 per cent lower Y-o-Y from INR 7.44 crore (USD 907,317) in December 2023 to INR 3.05 crore (USD 34,887) in December 2024. the company’s EBITDA stands at INR 6.29 crore in December 2024, down 49.19 per cent from INR 12.38 crore in December 2023.

Maan Aluminium’s earnings per share (EPS) decreased to INR 0.56 in December 2024 from INR 1.38 in December 2023. On January 28, the company faced substantial volatility, dipping to a new 52-week low of INR 107 amid a broader decline in the aluminium sector which recovered to INR 112.25 on February 06, 2025. The stock has seen consecutive losses for several days and is trading below key moving averages, reflecting persistent speed-breakers coupled with complex market conditions.

In the broader scenario, the aluminium & aluminium products industry has also faced challenges, with an overall decline of 2.68 per cent, as reported by Market Mojo. Over the past year, Maan Aluminium’s performance has been consistently weak, showing a decrease of 25.32 per cent, contrasting sharply with the Sensex, which has gained 7.28 per cent during the same period.

*All USD values are approximate and based upon the conversion rate as of February 06, 2025