Man Industries shares surge up to 5% after ₹1,150 crore export order win
Published on 05/06/2025 01:25 PM
Man Industries shares surge up to 5% after ₹1,150 crore export order winAccording to Man Industries, its total unexecuted order book stands at approximately ₹3,500 crore.By Juviraj Anchil June 5, 2025, 1:25:42 PM IST (Published)1 Min ReadShares of Man Industries Ltd. surged by over 5% in the intraday trade on Thursday, June 5, after the company announced that it has received a new export order for approx. ₹1,150 crore.
Man Industries Bags Major Order
In an exchange filing, the company said that the order is from an international customer for the supply of various types of pipes.
The company is expected to execute the deal in a span of 6-12 months.
According to the company, its total unexecuted order book stands at approximately ₹3,500 crore.
Previously, in February 2025, the steel pipe maker had received a pipe supply order worth ₹250 crore.
Recently the company announced a ₹300 crore fund raise through a preferential allotment of convertible warrants and equity shares.
Q4 Results
Man Industries' net profit rose to ₹68.1 crore in the March quarter, compared to ₹24.1 crore a year ago. The company increased its revenue from operations by 50% to ₹1,218.5 crore from ₹810.7 crore in the Q4 FY24.
Shares of Man Industries are off the highs of the day, currently trading 0.9% higher at ₹398. The stock has risen 45% in the last one month.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsMan IndustriesShare marketShare Markets Today