Maan Aluminium Q3 Result 2024: Date and Time, Share Price and Target

News: In this article, we’ll delve into the third-quarter results of Maan Aluminium for the year 2024. Let’s break down the key information in simple terms.

Earnings Per Share (EPS)

• In the third quarter of 2024, Maan Aluminium reported an EPS of ₹1.38. This is a decrease from the previous quarter (3Q 2023), where the EPS was ₹2.59.
• EPS is a crucial metric that indicates the company’s profitability and how much profit is allocated to each outstanding share of stock.

Financial Highlights

1. Revenue: Maan Aluminium’s revenue for 3Q 2024 stood at ₹2.14 billion, reflecting a 13% increase compared to the same period in 2023.
2. Net Income: The net income in the third quarter of 2024 was ₹74.4 million, which represents a 47% decline from 3Q 2023.
3. Profit Margin: The profit margin dropped from 7.4% in 3Q 2023 to 3.5% in 3Q 2024 due to higher expenses.
4. Share Price: Maan Aluminium shares experienced a 2.0% decline over the past week.

Risk Analysis

• Investors should be aware of potential risks. Maan Aluminium has 3 warning signs that need consideration.
• Valuation analysis is complex, but understanding whether the stock is potentially overvalued or undervalued is essential. Factors like fair value estimates, risks, dividends, insider transactions, and financial health play a role in this assessment.

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About Maan Aluminium Company :

Maan Aluminium Limited is a company that specializes in the production of aluminum. Let’s explore some key details about this company:

Background and Properties of Aluminum:

1. Aluminum is the second most widely used metal globally, right after iron. It boasts several unique properties:
   • Low Weight: Aluminum is lightweight, making it ideal for various applications.
   • High Strength: Despite its lightness, aluminum is strong and durable.
   • Superior Malleability: It can be easily shaped and formed.
   • Excellent Corrosion Resistance: Aluminum doesn’t rust or corrode easily.
   • Good Thermal and Electrical Conductivity: It efficiently conducts heat and electricity.
   • Infinitely Recyclable: Did you know that nearly 75% of all aluminum ever produced is still in use today? Aluminum is highly recyclable.
2. Maan Aluminium Limited:
   • Incorporated in 1989, Maan Aluminium is engaged in manufacturing and trading aluminum profiles, ingots, billets, and related activities.
   • Currently, Maan operates as a standalone dealer of aluminum ingots and billets for Hindalco Industries Ltd. in North and South India.

While Maan Aluminium faces challenges, understanding its financial performance and risk factors can guide investors in making informed decisions. 

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