Integrated Filing — IndAS

General information about company
Scrip Code	513269
NSE Symbol	MANINDS
MSEI Symbol	NA
ISIN	INE993A01026
Name of company	Man Industries (India) Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	12-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	06-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Pipes
Start date and time of board meeting	12-May-2025   10:37:00
End date and time of board meeting	12-May-2025   12:40:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-05-12
Indicate Company website link for updated RPT policy of the Company	www.mangroup.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	8504400000	31182200000
	Other income	372200000	860300000
	Total income	8876600000	32042500000
2	Expenses
(a)	Cost of materials consumed	6669500000	23280200000
(b)	Purchases of stock-in-trade	119100000	2575400000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-94300000	-1697000000
(d)	Employee benefit expense	187900000	727300000
(e)	Finance costs	347300000	991200000
(f)	Depreciation, depletion and amortisation expense	100100000	432700000
(f)	Other Expenses
1	Other expenses	978500000	3877700000
	Total other expenses	978500000	3877700000
	Total expenses	8308100000	30187500000
3	Total profit before exceptional items and tax	568500000	1855000000
4	Exceptional items	0	0
5	Total profit before tax	568500000	1855000000
6	Tax expense
7	Current tax	158900000	456000000
8	Deferred tax	6400000	27800000
9	Total tax expenses	165300000	483800000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	403200000	1371200000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	403200000	1371200000
17	Other comprehensive income net of taxes	39200000	45200000
18	Total Comprehensive Income for the period	442400000	1416400000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	323700000	323700000
	Face value of equity share capital	5	5
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	6.32	21.18
	Diluted earnings (loss) per share from continuing operations	6.09	20.39
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	6.32	21.18
	Diluted earnings (loss) per share from continuing and discontinued operations	6.09	20.39
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		NOTES n1 These results have been prepared on the basis of audited standalone financial statements for the year ended March 31 2025 and the quarter and nine months Limited Review upto December 31 2024 which are prepared in accordance with the Ind AS notified under the Companies Indian Accounting Standard Rules 2015. The results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 12 2025. n2 The outstanding order book position as on date is approx Rs2500 crores to be executed in to 12 months. n3 The Company operates in one segment only ie Steel Pipes and therefore has only one reportable segment in accordance with IND AS 108 Operating Segment. n4 Figures for the quarter ended March 31 2025 represents the difference between audited figures in respect of the Your ended on March 31 2025 and the published figures for the nine months ended on December 31 2024. n5 Previous period Years figures have been regrouped and reclassified to make them comparable with the figures of the current period. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	4985200000
	Capital work-in-progress	937700000
	Investment property
	Goodwill	0
	Other intangible assets	5000000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	1974600000
	Trade receivables, non-current	973300000
	Loans, non-current	115700000
	Other non-current financial assets	521600000
	Total non-current financial assets	3585200000
	Deferred tax assets (net)	0
	Other non-current assets	79900000
	Total non-current assets	9593000000
2	Current assets
	Inventories	9318300000
	Current financial asset
	Current investments	181600000
	Trade receivables, current	8861000000
	Cash and cash equivalents	1585800000
	Bank balance other than cash and cash equivalents	1296900000
	Loans, current	1372300000
	Other current financial assets	949800000
	Total current financial assets	14247400000
	Current tax assets (net)	0
	Other current assets	1564700000
	Total current assets	25130400000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	34723400000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	323700000
	Other equity	13864600000
	Total equity attributable to owners of parent	14188300000
	Non controlling interest
	Total equity	14188300000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1367800000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	142400000
	Total non-current financial liabilities	1510200000
	Provisions, non-current	16400000
	Deferred tax liabilities (net)	280300000
	Deferred government grants, Non-current	0
	Other non-current liabilities	36500000
	Total non-current liabilities	1843400000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2159800000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	10500000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	11948500000
	Total Trade payable	11959000000
	Other current financial liabilities	315300000
	Total current financial liabilities	14434100000
	Other current liabilities	4226100000
	Provisions, current	10700000
	Current tax liabilities (Net)	20800000
	Deferred government grants, Current	0
	Total current liabilities	18691700000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	20535100000
	Total equity and liabilites	34723400000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to profit or loss	39200000	45200000
	Total Amount of items that will not be reclassified to profit and loss	39200000	45200000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	39200000	45200000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1855000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			991200000
	Adjustments for decrease (increase) in inventories			-5802000000
	Adjustments for decrease (increase) in trade receivables, current			-5654600000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			10044600000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			8900000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			432700000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			115800000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-318500000
	Adjustments for dividend income			400000
	Adjustments for interest income			283600000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-3300000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			37100000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-432100000
	Net cash flows from (used in) operations			1422900000
	Dividends received			0
	Interest paid			1128200000
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			294700000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			2049600000
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			941300000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			400000
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	1108700000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			-520700000
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			460400000
	Repayments of borrowings			0
	Payments of lease liabilities			67000000
	Dividends paid			0
	Interest paid			0
	Income taxes paid (refund)			439400000
	Other inflows (outflows) of cash			-856400000
	Net cash flows from (used in) financing activities			-1423100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-19700000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-19700000
	Cash and cash equivalents cash flow statement at beginning of period			1605500000
	Cash and cash equivalents cash flow statement at end of period			1585800000

Signatory Details
Name of signatory	Sandeep Kumar
Designation of person	Chief Financial Officer
Place	Mumbai
Date	12-May-2025