Manorama Industries (541974) Q4 24/25 earnings summary

Executive summary

• Achieved FY25 revenue of INR 7,708 million (₹77,084.19 lacs), up 69% year-over-year, driven by strong demand, new fractionation capacity, and global expansion with subsidiaries in Africa, UAE, and Brazil.

• EBITDA grew to INR 1,911 million (24.8% margin), and PAT nearly doubled to INR 1,121 million (14.5% margin), with diluted EPS at INR 18.73.

• Export business contributed 73% of total revenue, reflecting robust international demand.

• Product innovation and R&D investments led to new launches and broader applications, with a focus on ESG and sustainability.

• Board recommended a final dividend of INR 0.60 per share (30% of face value).

Financial highlights

• FY25 revenue: INR 7,708 million (₹77,084.19 lacs), up 69% YoY; EBITDA: INR 1,911 million (24.8% margin); PAT: INR 1,121 million (14.5% margin).

• Q4 FY25 revenue grew 80% YoY to INR 2,328 million; EBITDA up 208% YoY to INR 639 million (27.4% margin).

• Diluted EPS for FY25 was INR 18.73; standalone EPS was ₹18.80 (basic).

• Dividend of INR 0.60 per share (30% of face value) declared.

• Revenue, EBITDA, and PAT CAGR (FY21–FY25): 40%, 53%, and 66% respectively.

Outlook and guidance

• FY26 revenue guidance of INR 10,500+ million, targeting 35–40% growth, with 25–30% from volume and 5–10% from price realization.

• Combined fractionation capacity utilization projected to rise to 75–85% in FY26.

• Margin guidance remains at 23–25% EBITDA, with potential for improvement as operating leverage increases.

• CapEx plan for forward and backward integration in advanced planning, with construction expected to start this year.

• Continued investment in R&D and innovation to meet evolving customer needs.