Manaksia Limited posts moderate PAT growth
On Thursday Manaksia reported consolidated revenue for the quarter at Rs. 186.45 crore, registering 18.4 per cent yoy decline. This was primarily driven by de-growth in both segments, packaging and metal.
EBITDA for the quarter fell by 86.4 per cent yoy to Rs. 6.9 crore with a corresponding margin contraction of 1851 bps. EBITDA margin for the quarter stood at 3.7 per cent.
The PAT for the quarter came in at Rs. 27.8 crore, yoy increase of 11.2 per cent. This was due to lower depreciation and finance cost.
On Friday afternoon, the stock of Manaksia Limited was trading in red at Rs. 64.6 per share, down by almost 2.6 per cent. The stock opened at Rs. 66.25 and is now trading at its day low Rs. 64.5.