The order worth INR 490 crore is from domestic and international clients to supply a diverse range of pipes planned to be executed over the next 6-8 months.
Jun 4, 2024
MAN Industries bagged new orders worth INR 490 crore, taking its unexecuted order book to approximately INR 2,600 crore. The company received orders from various domestic and international clients to supply various types of pipes. The execution of the new orders is planned to be done in the next six to eight months.
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The company’s reported net profit declined 19.11 percent to INR 24.13 crore in the quarter ended March 2024 as against INR 29.83 crore during the previous quarter ended March 2023. Sales rose 35.64 percent to INR 810.68 crore in the quarter ended March 2024 as against INR 597.66 crore during the previous quarter ended March 2023. For the full year, net profit rose 56.83 percent to INR 105.14 crore in the year ended March 2024 as against INR 67.04 crore during the previous year ended March 2023.
