Man Industries profit doubles to Rs 82 crore

GreyOak summary

Man Industries reported a consolidated profit of Rs 82 crore for the September quarter, more than doubling year-on-year. Revenue grew 49% to Rs 1,216 crore, driven by the acquisition of Saudi Arabia's National Pipe Co. While geopolitical conflicts in West Asia deferred Rs 320 crore in standalone revenue, the company maintains a large order book and expects new production by 2027.