Man Industries (India) Ltd: Expansion and Order Flow Continue
Earnings of Man Industries (India) Ltd (MAN) in Q3FY23-24 were lower than expected in terms of revenue and operating margins; the management had earlier guided for earnings before interest, taxes, depreciation and amortisation (EBITDA) margin of 10% and year-on-year (y-o-y) growth of around 40% to 50%.