Manomay posts 50% Q4 profit jump, buys into solar power
Q4 standalone net profit surged to ₹4.99 crore, but full-year earnings were flat. The board is also locking in captive solar power for its Rajasthan plants.
— 2 earlier stories on Manomay Tex India Ltd. →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 this 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.
Questions answered
- How did the company's full-year earnings compare to the quarter?
- The full-year net profit was essentially flat at ₹19.64 crore versus ₹19.25 crore, indicating the strong ₹4.99 crore Q4 result was offset by weaker performance earlier in the year.
- What is the strategic rationale for buying into a solar company?
- The ₹3.12 crore investment for a 26% stake in Lov Smart RJ-1 secures up to 13.65 MW of captive solar power for its Rajasthan manufacturing units. This is aimed at long-term cost efficiency and sustainability by reducing reliance on grid power.
- How big is the solar acquisition relative to Manomay's business?
- The deal is financially small, representing just 0.95% of the company's market capitalization. The value is in operational cost control rather than scale.
- What drove the Q4 profit jump?
- Q4 standalone revenue grew to ₹203.97 crore from ₹179.13 crore, and the company converted that top-line growth into a 50% profit increase to ₹4.99 crore, suggesting improved operating leverage for the quarter.
Manomay Tex India Ltd.
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All notes on MANOMAY →- 22 May 2026 · 5:05 PM IST Manomay posts 50% Q4 profit jump, buys into solar power
- 45d ago Manomay Tex Q4 profit hits ₹4.99 cr alongside solar power investment
- 45d ago Manomay Tex buys into solar to power Rajasthan units