Q4 2026 Manorama Industries Ltd Earnings Call Transcript
Key Points
- Manorama Industries Ltd (BOM:541974) reported a strong year-on-year revenue growth of 76.1%, with stand-alone revenues reaching INR1,358 crores.
- The company achieved an EBITDA margin of 27.1%, reflecting focused product mix optimization and disciplined cost management.
- Net cash flow from operating activities stood at INR259 crores, indicating strong cash generation.
- The company improved its working capital cycle to approximately 125 days in FY26 compared to 151 days in FY25.
- Manorama Industries Ltd (BOM:541974) plans strategic capital expenditure of approximately INR460 crores over the next two to three years to expand manufacturing capacity and enhance operational efficiency.
- The company recognized a mark-to-market provision of Rs 17.05 crore due to adverse currency fluctuations, resulting in a net foreign exchange loss of Rs. 7.58 crore for the quarter.
- Initial setup costs for new subsidiaries, including employee and establishment expenses, have temporarily impacted consolidated margins.
- The consolidated EPS growth was only 6% compared to over 150% growth in previous quarters, indicating slower growth in the final quarter.
- The company faces geopolitical risks in its operations in Africa, although it has signed an MOU with the government of Burkina Faso to mitigate political risks.
- The company's gross margins on a consolidated basis fell from 48% to 43% quarter-on-quarter, primarily due to increased freight and production costs.
Ladies and gentlemen, good day and a welcome to the Manova Industries Limited Q4 and FY26 earnings conference call.
Operator Instructions
I now hand the conference over to Mr. Hiral Kenya from EY.
Thank you and over to you, sir.
Thank you, Shailendra.
Good afternoon, everyone.
On behalf of Manorama Industries Limited, I welcome you all to the company's Q4 and FY26 conference call.
To discuss the performance of the company and to answer your questions, we have with us the management team comprising of Mr. Ashish Sharaf, Chairman and Managing Director, Mr. Ashok Jain, Whole Time Director and Chief Financial Officer, Mr. Pankaj Rathi, BGM Accounts and Finance, Mrs. Ekka, Soni AVP - Investor Relations, and Mr. Deepak Sharma, Company Secretary & Compliance Officer. Before we proceed this call, I would like to draw your attention to the fact that today's discussion may contain forward-looking statements that are subject to various risks, uncertainties, and other
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