News ArticleManaksia Coated Metals Reports Q2 FY2026-27 Financial Results; Board Approves Rs. 2,500 Crore Borrowing and Investment Limit Increase
Company posts Rs. 3,295 lakh net profit for H1 FY2026-27 and plans ticker symbol change to MCMIL upon exchange approvals
Manaksia Coated Metals & Industries Limited announced its unaudited financial results for the quarter ended 30th September 2026. The company reported total income of Rs. 32,154.96 lakh and net profit of Rs. 3,295.00 lakh for the half year ended on the same date. The Board approved increasing borrowing and investment limits to Rs. 2,500 crore each, subject to shareholder approval, and changing the NSE and BSE ticker symbol to MCMIL.
Manaksia Coated Metals & Industries Limited
General / Other
Manaksia Coated Metals & Industries Limited released its unaudited financial results for the quarter ended 30th September 2026, reporting total income of Rs. 32,154.96 lakh for the quarter and net profit of Rs. 3,295.00 lakh for the half year. The Board also approved increasing the borrowing and investment limits to Rs. 2,500 crore each, subject to shareholder approval by postal ballot, and approved a change of the company’s stock ticker symbol to MCMIL.
The Board meeting held on 28th October 2026 approved the unaudited financial results for Q2 FY2026-27 as reviewed by the Audit Committee and reviewed via Limited Review by the company’s statutory auditors.
Total income for the quarter ended 30th September 2026 stood at Rs. 32,154.96 lakh, while total expenses were Rs. 29,644.46 lakh, resulting in a profit before tax of Rs. 4,414.65 lakh for the half year.
Net profit after tax for the half year was Rs. 3,295.00 lakh. Earnings per share were Rs. 3.09 basic and Rs. 3.08 diluted for the half year.
The Board approved increasing the ceiling under Section 180(1)(a) and Section 180(1)(c) of the Companies Act, 2013 from Rs. 1,000 crore to Rs. 2,500 crore, subject to shareholder approval by postal ballot.
A change of stock ticker symbols on NSE and BSE from MANAKCOAT to MCMIL was also approved without affecting the ISIN or shareholders’ rights, pending stock exchange approvals and disclosures as per SEBI LODR regulations.
Highlights
- Unaudited total income for Q2 FY2026-27: Rs. 32,154.96 lakh
- Net profit for H1 FY2026-27: Rs. 3,295.00 lakh
- Borrowing and investment limits increased from Rs. 1,000 crore to Rs. 2,500 crore
- Ticker symbol change from MANAKCOAT to MCMIL approved
- Shareholder approval will be sought via postal ballot for borrowing limit and remuneration proposals
Key Data Snapshot
What happened
- Manaksia Coated Metals announced unaudited financial results for Q2 FY2026-27 ending 30th September 2026.
- The company reported total income of Rs. 32,154.96 lakh for the quarter and net profit of Rs. 3,295.00 lakh for the half year.
- Board approved increasing borrowing and investment limits to Rs. 2,500 crore each, from Rs. 1,000 crore, subject to shareholder approval via postal ballot.
- Ticker symbol on NSE and BSE to change from MANAKCOAT to MCMIL without affecting shareholders’ rights or ISIN.
- Remuneration ceiling of up to 5% of net profits approved for certain key executives, subject to shareholder and statutory approvals.
Key details
- Financial results reviewed by Audit Committee and statutory auditors via limited review.
- Earnings per share for the half year were Rs. 3.09 basic and Rs. 3.08 diluted.
- Postal ballot notice for shareholder approval on borrowing and remuneration increases will be circulated separately.
- Proposed symbol change will require approvals from NSE and BSE and compliance with SEBI (LODR) Regulations.
- Board meeting commenced at 12:30 p.m. and concluded at 5:00 p.m. on 28th October 2026.
Financial performance
- Total expenses for the quarter stood at Rs. 29,644.46 lakh.
- Profit before tax for half year was Rs. 4,414.65 lakh.
- Tax expense for the half year amounted to Rs. 1,119.65 lakh (including current, earlier year and deferred taxes).
- Other comprehensive income after tax was Rs. 11.47 lakh for the quarter.
- Total comprehensive income for Q2 was Rs. 1,902.35 lakh.
Highlights
- Unaudited total income for Q2 FY2026-27: Rs. 32,154.96 lakh
- Net profit for H1 FY2026-27: Rs. 3,295.00 lakh
- Borrowing and investment limits increased from Rs. 1,000 crore to Rs. 2,500 crore
- Ticker symbol change from MANAKCOAT to MCMIL approved
- Shareholder approval will be sought via postal ballot for borrowing limit and remuneration proposals
Disclosures
- SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
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