What’s new

• Q4 standalone net profit jumped 50% to ₹4.99 crore from ₹3.33 crore a year ago.
• The board approved a ₹3.12 crore investment for a 26% stake in Lov Smart RJ-1 Private Limited.
• The solar acquisition secures up to 13.65 MW of captive power for the company's Rajasthan units.

Why it matters

The Q4 profit surge is the standout headline in an otherwise muted year, where full-year net profit barely moved. The solar stake is small in financial terms at 0.95% of market cap, but it signals a move to lock in predictable energy costs for its manufacturing base. The open question is whether the Q4 momentum can carry into a more meaningful earnings expansion.

What we’re watching

• Whether the Q4 profit growth rate sustains into FY27 or was a one-quarter event.
• Execution on the captive solar project and its impact on future power costs.
• Full-year operating margins, which were essentially flat despite the top-line growth.

The full read

Manomay Tex India's fourth quarter was strong, but it masks a flat year. Q4 standalone net profit jumped 50% to ₹4.99 crore on revenue of ₹203.97 crore. For the full year, however, profit barely moved, edging up to ₹19.64 crore from ₹19.25 crore even as revenue grew to ₹710.70 crore. The quarter showed the business can generate earnings growth when the top line moves. Separately, the board approved a ₹3.12 crore investment for a 26% stake in Lov Smart RJ-1, a move to secure 13.65 MW of captive solar power for its Rajasthan units. The deal is tiny at 0.95% of market cap, but it locks in energy costs for manufacturing. The Q4 result is the real story. The open question is whether it marks a turning point or a blip in an otherwise stagnant earnings profile.

Primary source: BSE · NSE

What’s new

• Q4 profit reached ₹4.99 cr from ₹3.33 cr a year earlier.
• FY26 profit was flat at ₹19.64 cr despite revenue rising to ₹710.70 cr.
• Manomay bought 26% of Lov Smart RJ-1 for ₹3.12 cr to power Rajasthan plants.

Why it matters

The jump in Q4 earnings shows the company can finally turn revenue gains into profit. A captive energy setup protects these gains from volatile grid prices.

What we’re watching

• Whether the earnings trajectory holds into FY27.
• Completion of the solar project by November 30, 2026.
• Changes in power costs following the energy switch.

The full read

Manomay Tex ended its fiscal year with a sharp Q4 recovery. While full-year profit held steady at ₹19.64 crore, the final quarter delivered a 50% jump to ₹4.99 crore.

Revenue patterns showed similar momentum. Quarterly sales climbed 13.9% to ₹203.97 crore, a pace that easily outstripped the minor 2% gain seen across the full year.

The board also cleared a ₹3.12 crore purchase for a 26% stake in Lov Smart RJ-1. This provides 13.65 MW of captive solar energy for the company's manufacturing units in Rajasthan. If the project hits its November 2026 target, Manomay gains a shield against power cost spikes.

The Q4 numbers supply the momentum. Now, the stake in Lov Smart is the main test of whether the company can defend these higher earnings through long-term cost management. It needs to.

Primary source: BSE · NSE

What’s new

• Q4 revenue rose 13.9% to ₹203.97 cr; net profit grew 50% to ₹4.99 cr.
• Full-year net profit finished nearly flat at ₹19.64 cr on ₹710.70 cr revenue.
• The board approved a ₹3.12 cr investment for a 26% stake in Lov Smart RJ-1.

Why it matters

The investment is small, but it signals an effort to insulate manufacturing from energy costs. While top-line growth is present, stagnant annual profits suggest pressure remains on margins. Scaling captive power is a defensive play to protect the bottom line from rising utility expenses.

What we’re watching

• Impact of the solar project on manufacturing power costs in FY27.
• Whether annual margins can expand past current flat levels.
• Completion of the acquisition by the November 30 deadline.

The full read

Manomay Tex India finished FY26 with a split performance. Revenue growth held up, climbing to ₹710.70 crore for the year, yet net profit stalled at ₹19.64 crore. The fourth quarter offered a brighter snapshot, as net profit jumped 50% to reach ₹4.99 crore.

Profitability is stagnant.

Beyond the results, the board shifted focus to cost control, green-lighting a ₹3.12 crore investment for a 26% stake in Lov Smart RJ-1. This startup will supply 13.65 MW of captive solar power to Manomay’s Rajasthan manufacturing units, a tactical move that aims to replace grid reliance with cheaper, self-generated energy to protect long-term margins from the volatility of external power prices. At less than 1% of the company's ₹328 crore market cap, the deal is a minor capital outlay, but its success hinges on whether it can fundamentally lower production overheads.

Primary source: BSE · NSE