Manomay Tex Indi's Q1 FY25 results show significant growth in key financial indicators

Manomay Tex Indi, a microcap company in the textile industry, has recently declared its financial results for the quarter ending March 2024. The company has shown positive growth in its financial performance, with a score of 15 compared to -6 in the previous quarter.

One of the key factors contributing to this growth is the Profit Before Tax less Other Income (PBT) which has shown a significant increase of 250.26% year on year. The company’s Profit After Tax (PAT) has also grown by 112.0% year on year, indicating a positive trend in the near term. Additionally, the company’s Operating Profit to Interest ratio has reached its highest level in the last five quarters, showcasing its ability to manage interest payments.

Manomay Tex Indi’s Operating Profit (PBDIT) has also been consistently growing in the last five quarters, with the latest quarter recording the highest at Rs 19.62 cr. The company’s Operating Profit Margin has also improved, reaching its highest level at 12.63% in the last five quarters, indicating an increase in efficiency.

On the other hand, the company’s interest cost has shown a growth of 43.42% over the previous half-yearly period, which could be a cause for concern as it signifies increased borrowings.

MarketsMOJO has given a ‘Hold’ call for Manomay Tex Indi’s stock, considering its positive financial performance in the latest quarter. With a consistent growth in key financial indicators, the company has shown its ability to create higher earnings for its shareholders.