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Maan Aluminium Ltd

Q1 FY27Non - Ferrous Metals

Maan Aluminium Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹119
Market cap₹763 Cr
P/E58.6
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

1 of 4 strong

RevenueSlow growth
MarginMargins steady
CapexCapex planned
FundraiseNo fundraise planned

The short version

Management expects flattish volume growth in the near term due to current market dynamics and export duty impacts. Focus on profitable growth with improved manufacturing mix and capacity ramp-up.

From Maan Aluminium Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Slow growth
  • Management expects flattish volume growth in the near term due to current market dynamics and export duty impacts.
  • Ramp-up in new capacities, such as the Italian extrusion press and Dewas precision tubing plant, is anticipated by mid-FY28, with significant contribution expected thereafter.
  • Manufacturing revenue was around INR70+ crores in Q1 FY27, with 40% export share; top line is likely to grow moderately but not drastically in the immediate term.
  • Focus remains on increasing high value-added manufacturing rather than basic extrusion volumes, aiming for improved product mix and margins.
  • Planned capex of about INR45 crores for new projects expected to drive growth through better capacity and value addition.

2 more points from Maan Aluminium Ltd's call on revenue

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Profitability & Margins

See what Maan Aluminium Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Maan Aluminium has a clearly defined capex roadmap for the next three years with cumulative planned capex of approximately INR 166 crores.
  • About INR 90 crores is allocated toward new plants under development, supporting their transition to higher value-added manufacturing and specialized applications.
  • The Dewas facility extrusion press and machinery major capex will occur in H2 FY27, with less than INR 5 crores spent in Q1 FY27.
  • The Dewas project is strategic, focusing on aluminium precision tubing with about INR 15-20 crores already incurred. The plant is expected to be operational by mid next year but no fixed dates.
  • The overall planned capex for FY27 is around INR 45 crores.

2 more points from Maan Aluminium Ltd's call on capex

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Top-ranked in Non - Ferrous Metals

Ranked on what management guided this quarter

Guidance-ranked
1Dec.Gold Mines
Rev 2Mar 2
2Hindustan Zinc
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

Some relevant insights include: - Management indicated they have some short-term and medium-term contracts that will be renewed, enabling cost recovery in the next quarter or two. - Ramp-up at new facilities, especially the Pithampur plant with Italian press, is ongoing with expected significant contributions by mid-next year. - The company is focusing on building a corresponding customer base as new capacities come online.

2 more points from Maan Aluminium Ltd's call on order book

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Maan Aluminium Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹152 Cr, net profit ₹3 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Maan Aluminium Ltd Q1 FY27 results?

Management expects flattish volume growth in the near term due to current market dynamics and export duty impacts. Focus on profitable growth with improved manufacturing mix and capacity ramp-up.

What is Maan Aluminium Ltd share price analysis?

Maan Aluminium Ltd currently shows a neutral. The stock trades at a P/E of 58.6 with a market cap of ₹763 Cr. Investors should review the full earnings analysis for detailed insights.

Is Maan Aluminium Ltd planning capital expenditure?

Maan Aluminium has a clearly defined capex roadmap for the next three years with cumulative planned capex of approximately INR 166 crores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.