Manorama Industries Limited announced its financial results for the second quarter and half-year ended September 30, 2026. Revenue saw a robust increase of 41.9% year-on-year to INR 4,588.6 million in Q2 FY27. EBITDA grew by 34.4% YoY, and PAT surged by 51.8% YoY. The company also announced a leadership transition aimed at supporting its next phase of growth.
Strong Financial Performance in Q2 & H1 FY27
Manorama Industries Limited has reported a significant surge in its financial performance for the second quarter and the first half of the financial year 2027 (FY27). The company announced its results for the quarter and half-year ended September 30, 2026, showcasing strong growth momentum.
Q2 FY27 Highlights
In the second quarter of FY27, Manorama Industries registered a revenue increase of 41.9% year-on-year, reaching INR 4,588.6 million. This growth was driven by strong demand across the company’s product portfolio and higher sales volumes. EBITDA for the quarter grew by 34.4% year-on-year to INR 1,181.8 million, with the EBITDA margin standing at 25.8%. Profit After Tax (PAT) saw a substantial increase of 51.8% year-on-year, reaching INR 808.1 million, with the PAT margin expanding by 114 bps to 17.6%.
H1 FY27 Performance
For the first half of FY27, revenue grew by 40.8% year-on-year to INR 8,628.7 million. The Domestic-Export mix for H1FY27 was reported as 39:61. EBITDA for the first half increased by 38.0% year-on-year to INR 2,243.9 million, with an EBITDA margin of 26.0%. PAT for H1FY27 surged by 59.2% year-on-year to INR 1,594.7 million, with the PAT margin expanding significantly by 213 bps to 18.5%.
Leadership Transition for Future Growth
The company also announced a leadership transition to support its next phase of growth. This strategic move aims to place each leader in a clearly defined role across governance, execution, and strategy, backed by a professional Board. Mr. Mudit Kumar Singh will lead as Chairman, Mr. Ashish Saraf will focus on Strategic Planning & Business Development, and Mrs. Vinita Saraf will lead Business Excellence & Development. This transition is expected to strengthen governance, accountability, and professional control as the business scales.
Strategic Focus and Outlook
Manorama Industries is focused on translating its expanded capacities into sustainable growth, supported by a diversified global customer base, with exports accounting for 61% of H1FY27 revenue. Innovation, driven by its DSIR-certified Milcoa® Innovation & Research Centre, and customer-led product development capabilities are highlighted as critical growth levers. The company emphasizes its integrated business model, stronger sourcing capabilities, expanding value-added portfolio, growing global reach, and robust balance sheet position it well to capture long-term opportunities and deliver stakeholder value.
Source: BSE
