Q2, Q3 and Q4 will be better for MAN Industries: Ramesh Chandra Mansukhani

How is FY25 looking? The way you have expanded capacities, the way things are panning out, numbers, your margins in FY24 appear to have bottomed out and are going higher. Can it go back to 11-12% levels which we have seen in the past as well?
Ramesh Chandra Mansukhani: I will brief about the nature of the business because there was a little bit of pressure in the last quarter because most of the orders were domestic orders and for water works. So, water is fetching a little bit lower EBITDA, 8%, oil and gas, 11% to 12%. Our guidance for FY25 would be around Rs 4,000 crore which will be 25-30% growth. This year we closed Rs 3,200 crore while last year it was Rs 2,200 crore. The growth will be roughly Rs 4,000 crore and we are estimating EBITDA between Rs 400 and 450 crore. This is our guideline and because of some value-added products we already added in FY24, more impact on the positive side will be seen in FY25.

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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowChief Executive Officer ProgrammeVisitIIM LucknowChief Operations Officer ProgrammeVisitYour margin trends are closer to 9.5%. You are saying Rs 4,000 crore top line for FY25 with Rs 400-450 crore margin, that is 10-11%. In FY26, is there scope for Rs 6,000 crore top line and 12-13% margins?
Ramesh Chandra Mansukhani: There is a great possibility because whatever our capex programme is going on which will give the yield in FY25, we are expecting 12% to 13% EBITDA and Rs 6,000 crore is our target there.