Manorama Industries Limited has announced its financial results for the second quarter (Q2) and the first half (H1) of the financial year 2027 (FY27). The company showcased a robust performance with Q2FY27 revenue growing 41.9% year-on-year to ₹4,589 million. EBITDA rose by 34.4% to ₹1,182 million, and Profit After Tax (PAT) increased by 51.8% to ₹808 million. The H1FY27 performance was equally strong, with revenue growth of 40.8% and PAT growth of 59.2%.
Manorama Industries Delivers Strong Financial Performance
Manorama Industries Limited has released its unaudited financial results for the quarter and half-year ended September 30, 2026. The company demonstrated significant year-on-year growth across key financial metrics.
Q2 FY27 Highlights
- Revenue for Q2 FY27 surged by 41.9% YoY to ₹4,589 million.
- EBITDA saw an increase of 34.4% YoY, reaching ₹1,182 million.
- Profit After Tax (PAT) grew by 51.8% YoY to ₹808 million.
- The EBITDA margin stood at 25.8% and the PAT margin was 17.6%.
H1 FY27 Highlights
- Revenue for H1 FY27 increased by 40.8% YoY to ₹8,629 million.
- EBITDA for H1 FY27 grew by 38.0% YoY to ₹2,244 million.
- PAT for H1 FY27 saw a substantial rise of 59.2% YoY, reaching ₹1,595 million.
- The EBITDA margin for H1 FY27 was 26.0% and the PAT margin was 18.5%.
Management Commentary
The company’s management expressed pleasure with the strong performance, attributing it to healthy demand, a stronger value-added product mix, and disciplined execution. Exports accounted for 61% of H1FY27 revenue, highlighting a diversified global customer base. The management also emphasized the company’s focus on translating expanded capacities into sustainable growth and the strengthening of its governance and management architecture through leadership transitions.
Balance Sheet Snapshot (Consolidated)
As of September 30, 2026, Total Equity stood at ₹13,280 million. Total Non-Current Assets were ₹2,700 million, while Total Current Assets amounted to ₹17,065 million. Total Equities and Liabilities were ₹19,765 million.
Key Performance Metrics
Return on Equity (ROE) for H1FY27 stood at 24.0%, and Return on Capital Employed (ROCE) was 30.9%. Working Capital Analysis showed 233 days, and Net Debt to Equity was reported at 0.04.
Standalone Performance
On a standalone basis, Revenue for Q2FY27 was ₹4,561 million with an EBITDA margin of 26.4%. For H1FY27, standalone Revenue was ₹8,600 million with an EBITDA margin of 26.7%. Standalone PAT margin for Q2FY27 was 17.2%, and for H1FY27, it was 16.5%.
Source: BSE
