Manomay Tex India Reports Strong Q4 Growth Amid Rising Interest Costs

Manomay Tex India, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The company has demonstrated notable financial performance, with its score reflecting a significant adjustment in evaluation, moving to 18 from 7 over the past three months.
The financial highlights reveal a robust growth trajectory. Net sales reached Rs 185.89 crore, marking a year-on-year growth of 49.18%. This figure represents the highest quarterly sales in the last five quarters, indicating a strong near-term sales trend. Operating profit also reached a peak of Rs 24.54 crore, showcasing consistent growth over the past five quarters. The operating profit margin improved to 13.20%, suggesting enhanced efficiency within the company.

Profit After Tax (PAT) stood at Rs 6.03 crore, reflecting a year-on-year increase of 56.6%, while Profit Before Tax (PBT) also reached its highest level at Rs 7.66 crore, growing by 37.28% year-on-year. Earnings per Share (EPS) hit Rs 3.34, further indicating increased profitability for shareholders.

However, the company faces challenges with rising interest costs, which have grown by 61.07% over the previous half-year period, signaling increased borrowings.

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