Manomay Tex India Reports Mixed Financial Results Amid Rising Interest Expenses in March 2025

Manomay Tex India, a microcap player in the textile industry, has recently reported its financial results for the quarter ending March 2025. The results indicate a notable shift in the company's financial evaluation, with a revision in its score reflecting the challenges faced during this period.
On a positive note, the company's net sales for the nine-month period reached Rs 541.53 crore, showcasing a year-on-year growth of 22.33%. This suggests a favorable near-term sales trend, indicating some resilience in revenue generation.

However, the financial landscape is marred by several concerning metrics. The profit before tax less other income (PBT) for the quarter has shown a decline, recorded at Rs 3.92 crore, which marks a significant year-on-year decrease of 22.83%. Additionally, the profit after tax (PAT) also fell to Rs 3.33 crore, reflecting a year-on-year decline of 17.8%. The earnings per share (EPS) reached its lowest point in the last five quarters at Rs 1.84, indicating a reduction in profitability for shareholders.

Furthermore, the company's interest expenses have surged, with a nine-month increase of 69.84%, leading to a concerning operating profit to interest ratio of 2.29 times, the lowest in five quarters. This trend highlights the challenges Manomay Tex India faces in managing its financial obligations.

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