Man Industries (India) Limited

Strong guidance in ET Now interview

• Looking at 2900-3000 cr revenue by end of year. 50% growth.
• SS seamless plant (to be operational by Dec 2024) – will contribute to better margins in future
• EBITDA margin likely to be 12 – 15% in next 3 years
• Robust India outlook in Oil & gas sector + good demand in Middle east
• Targeting topline of around 5500 to 6000 cr in the next 3 years.

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