Man Industries achieves record EBITDA margin, strong profit growth in H1 FY26

Man Industries (India) Limited announced robust financial results for the quarter and half year ended September 30, 2025, achieving its highest-ever consolidated quarterly EBITDA margin of 12.5%. Consolidated EBITDA for Q2 FY26 grew by 36.7% year-on-year to ₹102 crore, with margins expanding 340 basis points. For H1 FY26, EBITDA increased by 38% year-on-year to ₹182 crore. Consolidated profit after tax in H1 FY26 grew by approximately 27% year-on-year.

The company's executable order book stands at around ₹4,750 crore, with a bid pipeline exceeding ₹15,000 crore, indicating healthy revenue visibility. Man Industries maintains a net cash position of ₹14 crore as of September 30, 2025. Strategic expansions in Saudi Arabia and Jammu are progressing well, with both projects expected to be commissioned by Q4 FY26, supporting global growth.

The outlook for H2 FY26 remains strong, with the company reiterating its full-year revenue growth guidance of approximately 20% year-on-year. This performance underscores the company's focus on value-added products, disciplined capital allocation, and customer diversification.