Manorama Indust. Q1 FY27 Earnings Call — Analysis (NSE: MANORAMA)
Manorama Industries Q1 FY27 revenue crossed ₹400 Cr milestone for the first time, surging 39.5% YoY, while PAT jumped 67.6% YoY to ₹79 Cr, driven by volume growth and richer product mix.
Result quality: stable — Steady quarter. Management sentiment: neutral.
The take
Manorama Industries Q1 FY27 revenue crossed ₹400 Cr milestone for the first time, surging 39.5% YoY, while PAT jumped 67.6% YoY to ₹79 Cr, driven by volume growth and richer product mix.
Results
Revenue ₹404 Cr +39.5% YoY; EBITDA ₹106 Cr +42.2% YoY, margin 26.3% (+49 bps); PAT ₹79 Cr +67.6% YoY, margin 19.5% (+326 bps).
Guidance
FY27 utilization guided at ~80% on expanded 52,000 MTPA capacity; FY27 capex spend guided at ₹225-250 Cr; major greenfield projects targeted for commissioning Q3FY28.
Key themes
Capacity expansion, value-added mix, and Africa integration
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