Pursuant to provisions of Regulation 30 of SEBI LODR, 2015 enclosed herewith is the transcript of earnings call held by the Company on Monday, 01st June, 2026 with Investors/ Analysts for ....
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Manoj Ceramic reported FY26 total income of ₹202.99 crores, up 23.4% YoY, with PAT of ₹12.01 crores (up 10.1% YoY) and EBITDA of ₹24.88 crores. H2 FY26 saw a 300 basis points drop in EBITDA margin to 11%, attributed to a temporary low-margin tile arrangement; management expects margins to recover in FY27 through premium products, exports, and a new technology launch. The company strengthened its balance sheet with long-term borrowings nearly halved to ₹13.89 crores and trade receivable days improving from 163 to 114 days. Key strategic moves include the launch of a Dubai Display Center, operationalisation of the Upper Thane cutting-polishing facility, expansion to 6 experience centres covering 1,26,500 sq ft, and growing presence across Africa. Management reiterated its 25–30% CAGR revenue growth guidance and plans to keep B2B (~80–82% of revenue) and B2C mix.
Investors should note the temporary H2 margin pressure but management's confidence in FY27 margin recovery via premiumisation and exports is a positive signal. The significant debt reduction and working capital improvement strengthen the balance sheet, though operating cash flow remains negative at -₹35 cr, and management was largely evasive on specific margin, Capex, and segment-mix disclosures.