Man Industries, which specializes in producing large-diameter submerged arc welded carbon steel pipes, is a key player in the global line pipe market.

In its most recent quarterly report released, the company reported a 19.1% decrease in profit compared to the same quarter in the previous fiscal year. However, operating revenue saw a significant year-over-year increase of 35.6%, reaching Rs 8.10 billion. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) also grew impressively by 43.1% annually, reaching ?58.4 Crore.

At the time of reporting, the company's stocks were trading at Rs 347.00, reflecting a 0.67% gain from the previous close. The stock had gained 165% in the last year and 24% since the beginning of the year.

In its financial results filing, the company highlighted the successful testing of hydrogen transportation pipes, setting an industry standard. This testing was conducted by a prominent international testing firm. With plans for new hydrogen transportation lines, the company aims to leverage this advantage to further enhance its order book.