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	Consolidated
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	Multi segment
Description of single segment
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	Statement on impact of audit qualification

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	Consolidated	Consolidated
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	12184900000	35053500000
	Other income	154600000	518200000
	Total income	12339500000	35571700000
2	Expenses
(a)	Cost of materials consumed	6607500000	23357700000
(b)	Purchases of stock-in-trade	119100000	2575400000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	3020000000	1415200000
(d)	Employee benefit expense	207500000	770600000
(e)	Finance costs	349400000	996300000
(f)	Depreciation, depletion and amortisation expense	105300000	452500000
(f)	Other Expenses
1	Other expenses	1018900000	3920500000
	Total other expenses	1018900000	3920500000
	Total expenses	11427700000	33488200000
3	Total profit before exceptional items and tax	911800000	2083500000
4	Exceptional items	0	0
5	Total profit before tax	911800000	2083500000
6	Tax expense
7	Current tax	236300000	533400000
8	Deferred tax	-5900000	18400000
9	Total tax expenses	230400000	551800000
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	681400000	1531700000
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	681400000	1531700000
17	Other comprehensive income net of taxes	44500000	50400000
18	Total Comprehensive Income for the period	725900000	1582100000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	681500000	1531700000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	726000000	1582100000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
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	9.15	23.66
	Diluted earnings (loss) per share from continuing operations	8.82	22.78
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	9.15	23.66
	Diluted earnings (loss) per share from continuing and discontinued operations	8.82	22.78
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		NOTES: n n1 These results have been prepared on the basis of audited consolidated financial statements for the year ended March 31 2025 and the quarterly 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 result have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 12 2025. n n2 The outstanding order book position as on date is approx Rs 2500 crores to be executed in 6 to 12 months. n n3 Figures for the quarter ended March 31 2025 represents the difference between audited figures in respect of the Year ended on March 31 2025 and the published figures for the nine months ended on December 31 2024. n n4 Previous period Years figures have been regrouped and reclassified to make them comparable with the figures of the current period.

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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	5724100000
	Capital work-in-progress	1334100000
	Investment property	14300000
	Goodwill	688200000
	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	0
	Trade receivables, non-current	973300000
	Loans, non-current	0
	Other non-current financial assets	524000000
	Total non-current financial assets	1497300000
	Deferred tax assets (net)	0
	Other non-current assets	1022800000
	Total non-current assets	10285800000
2	Current assets
	Inventories	12685400000
	Current financial asset
	Current investments	259500000
	Trade receivables, current	8958900000
	Cash and cash equivalents	2448800000
	Bank balance other than cash and cash equivalents	1343000000
	Loans, current	1800000
	Other current financial assets	97900000
	Total current financial assets	13109900000
	Current tax assets (net)	0
	Other current assets	1710400000
	Total current assets	27505700000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	37791500000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	323700000
	Other equity	15749000000
	Total equity attributable to owners of parent	16072700000
	Non controlling interest	0
	Total equity	16072700000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1384800000
	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	156100000
	Total non-current financial liabilities	1540900000
	Provisions, non-current	16400000
	Deferred tax liabilities (net)	275600000
	Deferred government grants, Non-current	0
	Other non-current liabilities	36500000
	Total non-current liabilities	1869400000
	Current liabilities
	Current financial liabilities
	Borrowings, current	3174700000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	11300000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	11992800000
	Total Trade payable	12004100000
	Other current financial liabilities	367800000
	Total current financial liabilities	15546600000
	Other current liabilities	4271100000
	Provisions, current	10900000
	Current tax liabilities (Net)	20800000
	Deferred government grants, Current	0
	Total current liabilities	19849400000
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	21718800000
	Total equity and liabilites	37791500000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Manufacturing	8498800000	31367500000
2	Real Estate	3686000000	3686000000
	Total Segment Revenue	12184800000	35053500000
	Less: Inter segment revenue	0	0
	Revenue from operations	12184800000	35053500000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Manufacturing	656600000	2119100000
2	Real Estate	450100000	442600000
	Total Profit before tax	1106700000	2561700000
	i. Finance cost	349300000	349300000
	ii. Other Unallocable Expenditure net off Unallocable income	-154600000	-154600000
	Profit before tax	912000000	2083600000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Manufacturing	0	0
2	Real Estate	0	0
	Total Segment Asset	0	0
	Un-allocable Assets	0	0
	Net Segment Asset	0	0
4	Segment Liabilities
	Segment Liabilities
1	Manufacturing	0	0
2	Real Estate	0	0
	Total Segment Liabilities	0	0
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	0	0
	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	Consolidated	Consolidated
	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	44500000	50400000
	Total Amount of items that will not be reclassified to profit and loss	44500000	50400000
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	44500000	50400000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2083500000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			996300000
	Adjustments for decrease (increase) in inventories			-6229100000
	Adjustments for decrease (increase) in trade receivables, current			-6339200000
	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			10127600000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			5200000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			452500000
	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			146700000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	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			448200000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-888300000
	Net cash flows from (used in) operations			1195200000
	Dividends received			400000
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			526300000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			669300000
	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			2020300000
	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			1543200000
	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			0
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-924100000
	Net cash flows from (used in) investing activities	-447000000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			44100000
	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			1475000000
	Repayments of borrowings			0
	Payments of lease liabilities			66000000
	Dividends paid			0
	Interest paid			1112600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			340500000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			562800000
	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			562800000
	Cash and cash equivalents cash flow statement at beginning of period			1886000000
	Cash and cash equivalents cash flow statement at end of period			2448800000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Qualified opinion	Whether appeared first time	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)

Text Block
Textual Information(1)	Wholly owned subsidiary Man Stainless Steel Tubes Limited Audit report n1 Para 3 9 d nAccording to the information and explanations given to us and the procedures performed by us and non an overall examination of the financial statements of the company we report that the company has nused funds raised on short term basis aggregating to Rs 97.68 Crores for long-term purposes due to the nbank term loan disbursement was delayed. n2 Para 3 13 nHowever we observed the following transactions were not approved by the Audit Committee as the nAudit committee was formed on 3rd October 2024. n1 Name of the related party 2 Nature of the transection 3 Amount Involved Rs. In Lakhs n4 Subsequently ratified by Audit Committee. Rs In Lakhs nMan Industries India Limited Service expense 270.00 90.00 nMan offshore and Drilling Limited Rent Income 1.50 0.75 nMan Finance Private Limited Rent Expense 18.00 18.00 n3. Para 3 17 nAccording to the information and explanations given to us and on the basis of the records nexamined by us the company has incurred cash losses amounting to Rs 205.64 Lakhs in the financial year nunder audit. The company had also incurred cash losses of Rs 83.02 Lakhs in the immediately preceding financial year.
Textual Information(2)	These qualifications do not have any financial Impact.
Textual Information(3)	Qualification in Audit report of wholly owned subsidiary Man Stainless Steel Tubes Limited n1 The subsidiary is implementing capital project and it used short term funds in to long term use as temporary bridge funding dueto delay in disbursement of bank term loans. n2 All the related party transactions are at arms length and are duly ratified by the Audit Committee formed in October 2024. n3 The subsidiary being in startup phase incurred Losses in the current financial year.
Textual Information(4)	Not Applicable
Textual Information(5)	We accept the management response stated above.