Mumbai, Feb. 13 -- EBITDA improved by 6.6% to Rs 84.3 crore in Q3 FY25 from Rs 79.1 crore in Q3 FY24. EBITDA margin was 11.4% in Q3 FY25 as against 9.3% in Q3 FY24.

The company stated that it has bagged new orders worth Rs 250 crore and with these, orderbook stands at Rs 2,900 crore. These orders are to be executed within the next 6 to 12 months. The company's current bid book stands at Rs 15,000 crore.

Man Industries further stated that the Saudi and Jammu expansion programs are in full swing. Both projects are on track and likely to start production by Q3 FY26.

It has successfully completed the ERW plant assessment by MECON for API 5L X 70 grade and company started exporting ERW pipes.

Nikhil Mansukhani, managing director, MAN Indus...