During Thursday’s trading session, the shares of one of the largest manufacturers and exporters of aluminium extruded products in India surged 4.95 percent on BSE, after announcing expansion plans for the manufacturing business.
Price Movement
With a market cap of Rs. 535.2 crores, at 02:18 p.m., the shares of Maan Aluminium Limited were trading in the green at Rs. 98.95, up by 4.9 percent, as against its previous closing price of Rs. 94.33. The stock has delivered negative returns of nearly 29 percent over a one-year period, as well as around 12 percent returns in the last one month.
What’s the news
According to the latest regulatory filings, Maan Aluminium Limited has announced further expansion of its manufacturing business of Aluminium Extrusion & value-added service.
As part of this expansion, the company has acquired a building and leasehold land located on MB Road, Devas, Madhya Pradesh, covering an area of approximately 13,117 square meters. The total expenditure of this acquisition is Rs. 8.75 crores, excluding stamp duty and additional charges.
Earlier on 30th December 2024, the company had acquired a building and leasehold land near its existing plant in Pithampur, District Dhar, Madhya Pradesh, to support the same business expansion. The land area for this acquisition was around 8,500 square meters, with a total expenditure of Rs. 7.21 crores.
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Financials
Maan Aluminium reported a decline in revenue from operations, experiencing a year-on-year decrease of nearly 14.5 percent, falling from Rs. 213 crores in Q3 FY24 to Rs. 182 crores in Q3 FY25. Similarly, during the same period, the company’s net profit decreased from Rs. 7.44 crores to Rs. 3.05 crores, representing a decline of around 59 percent YoY.
About the company
Maan Aluminium Limited is engaged in the business of manufacturing and trading of aluminium profiles, anodizing & fabrication of profiles, aluminium ingots, aluminium billets etc. and other related activities. In H1 FY25, the company’s production achieved 4,199 MT, with an annual machining capacity of 1,200 MT and 3,600 MT of annual anodizing capacity.
Written by Shivani Singh
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