Man Industries shares hit 52-week high after winning Rs 380-cr order 

Man Industries shares gained more than a percent to hit a 52-week high of Rs 244.70 on Nov. 6 morning after the company received new orders worth Rs 380 crore.

The total unexecuted order book as on date stood at approximately Rs 1,400 crore to be executed in six months, the company said. The latest contract is for the supply of various types of pipes.

Earlier in this month, the company secured around Rs 400-crore orders from a domestic customer for various types of pipes.

A meeting of the board of directors of Man Industries (India) is scheduled on November 8 to consider and approve the unaudited financial results of the company for the quarter and half year ended 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.

Man industry share is trading at 248 rs at 12:35 pm.

Man Industries shares

About Man Industries shares

 

Man Industries Ltd. is one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India with a total installed capacity of 1 million tonnes. The company is among leading manufacturer of large diameter pipes with 3 Decades of presence in Pipe Industry.

 

2023-10-13 (4)

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