The company has reported a growth of 28.79 per cent in Net Profit After Tax at Rs 71.21 crore compared to Rs 55.29 crore in the last fiscal. The company has reported a growth of 32.39% per cent in Net Sales at Rs. 1500 crore for the year ending March 31, 2008 in comparison to the corresponding Net Sales of Rs 1133 crore for the last financial year ending March 31, 2007. The company has declared dividend of 30% for the year ended March 31, 2008. The Earning Per Share stood at Rs 13.37 per share compared to Rs 10.38 for the last financial year ending March 31, 2007.
MAN Industries (India) Limited reported Net Sales of Rs.410.69 crore for the quarter ended March 31, 2008 as against Rs 338.55 crore in the corresponding quarter last year. For the quarter ended March 31, 2008, the company has posted Profit after Tax at Rs 14.19 crore as against Rs 13.58 crore in the corresponding period of the previous year.
About MAN Group
MAN Industries (India) Ltd., an ISO 9001 / 14001 / 18001 accredited Company, is a leading manufacturer of SAW Pipes (Line Pipes) and Coating Systems for high-pressure Oil & Gas applications with a potential production capacity of approximately one million MT of SAW pipes per annum.
The Company is a part of the well diversified MAN Group, growing under the able leadership of Shri. R. C. Mansukhani. Starting as an Aluminium Extruder in 1988, MAN Industries has now become a large player in SAW Pipes. It is also a significant sized player in Spirally Welded Pipes and Coating Systems. MAN Industries operations are spread across globally with offices in U.K. and U.A.E. besides India. The shares of the Company are listed with Bombay Stock Exchange and National Stock Exchange and the GDRs of the Company are listed with Dubai International Financial Exchange (DIFX).