Maan Aluminium

Maan Aluminium reported a weak Q3Current reported value: 3. No comparable prior figure is available in the source record. FY26 with revenue of ₹152 croreCurrent reported value: ₹152 crore. No comparable prior figure is available in the source record., down 16% YoYCurrent reported value: 16% YoY. No comparable prior figure is available in the source record., driven by a conscious reduction in low-margin trading and a sharp decline in export orders. EBITDA grew 15% YoYCurrent reported value: 15% YoY. No comparable prior figure is available in the source record. to ₹7Current reported value: 7. No comparable prior figure is available in the source record. crore, but margins remained low at 5%Current reported value: 5%. No comparable prior figure is available in the source record. due to under-utilization of the newly expanded 24,000-tonne capacity (utilization ~25%Current 25%. Reported change: Flat vs prior quarter.) and ramp-up costs. The US order cancellation of ~450 tonnesCurrent 450 tonnes. Reported change: Lost in Q3. (impacting ₹5-6 crore profit) and delayed Korean raw material supply for the Dewas precision tubing project further pressured performance. Management guided for gradual improvement from FY27, targeting 18,000 tonnesCurrent reported value: 18,000 tonnes. No comparable prior figure is available in the source record. volume and ~₹500 crore manufacturing revenue next year, with normalized EBITDA margins of ~8% over the medium term. Key risks include prolonged US tariff uncertainty and delays in aerospace/defense approvals.