India · Delayed Price · Currency is INR Manorama Industries Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw 76% revenue growth, strong margins, and improved working capital. Major CapEx and capacity expansions are underway, with 25%-30% annual growth targeted for the next years. Margin guidance remains at 25%-27%, and long-term revenue targets are on track.
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Revenue grew 73% YoY in Q3 and 81% for nine months, driven by value-added products and strong demand. FY2026 revenue guidance was raised to INR 1,300 crores, with major capacity expansions and Capex funded by internal accruals. Margins and working capital are expected to remain stable.
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H1 FY26 saw 86.4% revenue growth, strong margins, and high plant utilization, with value-added products driving 70-75% of sales. Capacity expansion and global ventures support an upgraded FY26 revenue guidance of INR 1,150 crore+.
Fiscal Year 2025
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Revenue grew 69% year-over-year to INR 771 crore, with EBITDA margin expanding to 24.8% and PAT nearly doubling. FY 2026 guidance targets INR 1,050 crore revenue, higher capacity utilization, and sustained margins, supported by new product launches and global expansion.
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Q3 FY25 saw record operational and financial performance, with revenue up 112.5% YoY and EBITDA margin expanding to 26.4%. Capacity utilization is ramping up, new projects are prioritized for growth, and the company is confident of surpassing FY25 revenue guidance.