Man Coat Metal & Ind Q2 FY27 Results & Earnings Intelligence
MANAKCOATStructural risk assessment following Q2-FY27 | 30 Sep 26 earnings.
₹318.7 Cr
+21.6% QoQ
₹25.1 Cr
+32.0% YoY•+32.7% QoQ
₹18.7 Cr
+34.2% YoY•+32.9% QoQ
23/ 100
+8 pts QoQ
The Quarter at a Glance
Consolidated Financials| Metric | Q2-FY27 | 30 Sep 26 | Q2-FY26 | 30 Sep 25 | YoY Δ | Q1-FY27 | 30 Jun 26 | QoQ Δ |
|---|---|---|---|---|---|
| Revenue from Operations | ₹318.7 Cr | N/A | N/A | ₹262.1 Cr | +21.6% |
| Revenue (Total Income) | ₹321.5 Cr | ₹223.7 Cr | +43.8% | ₹263.1 Cr | +22.2% |
| Operating Profit (EBITDA) | ₹25.1 Cr | ₹19.0 Cr | +32.0% | ₹18.9 Cr | +32.7% |
| Profit Before Tax (PBT) | ₹25.1 Cr | ₹19.0 Cr | +32.0% | ₹18.9 Cr | +32.7% |
| EBIT Margin | 7.81% | 8.50% | -70 bps | 7.19% | +61 bps |
| Net Profit (PAT) | ₹18.7 Cr | ₹14.0 Cr | +34.2% | ₹14.1 Cr | +32.9% |
| Interest Expense | ₹8.5 Cr | ₹8.3 Cr | +2.6% | ₹6.9 Cr | +23.6% |
| Operating Cash Flow | ₹2.4 Cr | ₹-14.9 Cr | +116.3% | N/A | N/A |
| Basic EPS (₹/share) | ₹1.76 | N/A | N/A | ₹1.33 | +32.3% |
| Diluted EPS (₹/share) | ₹1.75 | N/A | N/A | ₹1.32 | +32.6% |
Sources:Official BSE/NSE Disclosures & Financial Filings
Core operating EBITDA margin of 7.8% reflects operating leverage, gross spread absorption, and input cost discipline against revenue.
Sentinel Executive Summary
Core Earnings Synthesis"Man Coat Metal & Ind currently sits within Flagium's Watch category. However, recent periods have introduced early signs of competitive and operating pressure. Despite positive top and bottom-line growth, triggers like 'Working Capital Expansion', 'Industrial Margin Stress' indicate underlying structural risk. While not currently existential, persistent friction suggests that structural risk is rising."
Man Coat Metal & Ind posted steady top-line growth and bottom-line stability, demonstrating resilient execution in its core markets. While the underlying business remains fundamentally sound, the presence of 2 active risk warnings highlights minor operational or working capital inefficiencies to keep on the watch list.
🟢 Key Operational & Structural Positives
- ✓Revenue Growth: Quarterly revenue moved +43.8% YoY and +22.2% QoQ, reflecting demand and volume trends.
- ✓Net Profit Expansion: Profit after tax moved +34.2% YoY and +32.9% QoQ, settling at ₹18.7 Cr.
- ✓Core Operating Revenue Growth: Revenue from operations (core business, ex-other income) moved +21.6% QoQ, reaching ₹318.7 Cr.
⚠ ️ Key Areas of Watch & Margin Pressures
- ⚠Resolution of 'Working Capital Expansion': Working capital expansion detected: Receivable days increased by 8.6%.
- ⚠Resolution of 'Industrial Margin Stress': MANAKCOAT: Raw material costs consumed an additional 3.4% of revenue YoY.
- ⚠Raw material inflation: Input costs consumed 81.6% of revenue (up +338 bps YoY), watch gross margin defense.
Flagium Risk Signals
Automated Forensic SignalsWorking Capital Expansion • Industrial Margin Stress
Working capital expansion detected: Receivable days increased by 8.6%.
MANAKCOAT: Raw material costs consumed an additional 3.4% of revenue YoY.
🎙️ Man Coat Metal & Ind (MANAKCOAT) Q2 FY27 Concall Intelligence
Management Commentary, Concall Takeaways & Key Discussion Themes
No earnings call transcript was available
for this reporting period.
What to do next
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