What’s new

• Revenue grew 22.6% YoY to ₹201.48 crore for the fiscal year ended March 2026.
• Profit after tax rose 9.9% YoY to ₹11.86 crore.
• EPS declined following the conversion of share warrants into equity.

Why it matters

These results track closely with previous half-year disclosures. The lack of deviation from guidance is a sign of stability, though it provides little reason for a market reassessment.

What we’re watching

• Future margin trends as the company scales revenue.
• Any further capital structure changes following the warrant conversions.
• Consistency in meeting guidance in upcoming quarterly updates.

The full read

Manoj Ceramic closed FY26 with ₹201.48 crore in revenue, a 22.6% year-over-year gain. Profit after tax reached ₹11.86 crore, a 9.9% increase.

Earnings per share fell. This drop followed the conversion of share warrants into equity, a move that was already priced in by the market.

These figures provide a routine update on financial health without introducing surprises or shifts in the business trajectory. The company continues to execute within its previously communicated parameters. The next test is whether the firm can maintain this growth pace while managing the impact of its recent capital structure changes on shareholder value.

Primary source: BSE · NSE