Manomay Tex India Reports Q1 Revenue Growth Amid Margin Pressure; Board Approves Key Management Reappointments

2 min read Updated on 13 Aug 2025, 12:51 PM

Reviewed by

Shriram ShekharScanX News Team

Overview

Manomay Tex India Limited announced its Q1 FY2026 results with revenue growth of 5.5% YoY to ₹163.94 crore, but faced margin pressure with EBITDA declining 9.4% to ₹20.55 crore. Profit after tax fell 12.9% to ₹4.45 crore. The board approved reappointment of four key executives, including Kailashchandra Hiralal Laddha as Chairman and Yogesh Laddha as Managing Director, for a three-year term from January 2026. The company's 16th AGM is scheduled for September 17, 2025.

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Manomay Tex India Limited , a prominent player in the textile industry, has announced its financial results for the first quarter ended June 30, along with significant board decisions regarding key management personnel.

Q1 Financial Performance

The company reported a mixed financial performance for Q1:

Particulars (₹ in crore)	Q1 FY2026	Q1 FY2025	YoY Change
Revenue	163.94	155.39	5.5%
EBITDA	20.55	22.68	-9.4%
EBITDA Margin	12.5%	14.6%	-210 bps
Profit After Tax	4.45	5.11	-12.9%
Net Profit Margin	2.7%	3.3%	-60 bps

Manomay Tex India's revenue grew by 5.5% year-over-year to ₹163.94 crore. However, the company faced margin pressure, with EBITDA declining by 9.4% to ₹20.55 crore. The EBITDA margin compressed to 12.5% from 14.6% in the previous year. Profit after tax fell by 12.9% to ₹4.45 crore, with the net profit margin dropping to 2.7% from 3.3% year-over-year.

Board Approvals and Reappointments

In a board meeting held on August 13, Manomay Tex India's directors made several key decisions:

Reappointment of Key Management Personnel: The board approved the reappointment of four key executives for a three-year term from January 16, 2026, to January 15, 2029, subject to shareholder approval at the upcoming Annual General Meeting (AGM):
- Mr. Kailashchandra Hiralal Laddha as Whole-time Director & Chairman
- Mr. Yogesh Laddha as Managing Director
- Mr. Kamlesh Kailashchandra Laddha as Whole-time Director
- Mrs. Pallavi Laddha as Whole-time Director
Annual General Meeting: The company's 16th AGM is scheduled for September 17, 2025.
Book Closure: The Register of Members and Share Transfer Books will remain closed from September 11 to 17, 2025, for the AGM.
Auditor Appointments: The board approved the appointment of R.K. Jain & Associates as the scrutinizer for overseeing the voting process at the AGM.
Financial and Audit Reports: The board approved and took on record various reports, including the Board of Directors' Report, Secretarial Audit Report, and Cost Auditor Report for the financial year 2024-25.

Management Commentary

While specific management comments were not provided, the reappointment of key executives suggests continuity in leadership and strategy. The Laddha family's continued involvement in top management roles underscores their commitment to the company's long-term vision and growth.

Looking Ahead

As Manomay Tex India navigates through a challenging business environment with pressure on margins, investors and stakeholders will be keenly watching how the company's leadership addresses these challenges and drives growth in the coming quarters.

The upcoming AGM on September 17, 2025, will provide an opportunity for shareholders to engage with the management and gain further insights into the company's strategies and outlook.

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