Manomay Tex India Limited — Important, 14-11-2024: Financial Result Updates

**Consolidated Financials:**

Manomay Tex India Limited has reported its financial results for the quarter and half-year ended September 30, 2024.

**Revenue Growth:**

Total revenue from operations stood at ₹17,649.78 Cr for the quarter, reflecting a year-over-year growth of approximately 32.2% from ₹13,340.92 Cr. A significant driver of this growth is increased demand and expanded market reach.

**Profit and EPS:**

Net profit for the quarter was ₹479.02 Cr, an increase from ₹269.06 Cr in the same quarter the previous year, marking a growth of 77.5%. Earnings Per Share (EPS) is reported at ₹2.65 for the quarter, up from ₹1.49 in the previous year.

**Operational Costs:**

Total expenses increased to ₹17,044.77 Cr, up 31.1% year-over-year, primarily due to rises in material costs and employee benefits. The cost of materials consumed was ₹10,022.73 Cr, alongside employee benefit expenses escalating to ₹905.06 Cr.

**Balance Sheet & Cash Flow Statement:**

The total assets as of September 30, 2024, are ₹59,288.04 Cr, reflecting a healthy balance sheet. Notably, current assets accounted for ₹36,067.53 Cr, preferable to current liabilities of ₹26,098.24 Cr, indicating liquidity risk remains manageable.

**Strategic Position and Outlook:**

The company appears focused on cost management and operational efficiencies, supported by the positive revenue momentum. Market sentiment remains favorable, backed by solid growth figures.

**Investor Insight:**

Given the strong performance in revenue and profit growth, alongside effective cost management strategies, a **buy** insight appears justified, as the company is likely to capitalize on market opportunities in forthcoming periods.