Steel stock hits 10% upper circuit after reporting 370% YoY increase in net profitsSteel stock hits 10% upper circuit after reporting 370% YoY increase in net profits

Introduction:

Leading steel processing company posted a net profit of ₹14 crore in Q1 FY26, registering a sharp 180% quarter-on-quarter growth, driven by higher operational efficiency and improved revenue performance during the period.

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Share price movement of Manaksia Coated Metals:

On July 23, 2025, Manaksia Coated Metals & Industries Ltd opened at ₹156.15, up 9.95% from its previous close of ₹142.05. The stock hit a high of ₹156.25 and a low of ₹156.15. By 11:38 AM, it was trading at ₹156.25, marking a 10% gain with a market cap of ₹1,455.22 crore.

Manaksia Coated Metals & Industries Reports Strong Q1 FY26 Results:

Manaksia Coated Metals & Industries Limited reported a net profit of ₹14 crore in Q1 FY26, marking a 180% increase quarter-on-quarter from ₹5 crore and a 370% surge year-on-year from ₹2.98 crore.

Revenue from operations stood at ₹249.8 crore for the quarter ended 30th June 2025, reflecting a 20.16% rise from ₹207.88 crore in the previous quarter and a 28.91% jump compared to ₹193.78 crore in Q1 FY25.

Total income for the company reached ₹253.93 crore in Q1 FY26, showing a 21.01% growth from ₹209.84 crore QoQ and a 29.96% increase from ₹195.38 crore YoY, indicating robust operational performance.

Stock performance of Manaksia Coated Metals for Period of 1 week, 6 months, and 1 year:

Manaksia Coated Metals & Industries Ltd delivered a -1.94% return over the past week. It gained 28.4% in the past six months and surged 123% over the past year.

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Shareholding pattern of Manaksia Coated Metals:

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	59.00%	65.70%	69.20%
FII	0.90%	1.50%	1.80%
DII	0.00%	0.00%	0.00%
Public	40.10%	32.90%	29.00%

About Manaksia Coated Metals:

Manaksia Coated Metals & Industries Ltd (NSE: MANAKCOAT) is a leading manufacturer of colour coated and galvanised steel and aluminium products, operating a 120,000 TPA facility in Kutch, Gujarat, with global export presence.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.