Attached Press Release/ Business Performance update for Half year ended 30th September 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manoj Jewellers reported its first financial results post listing on the BSE SME platform. Total income surged 178.9% year-on-year to ₹6,914.19 lakhs in H1 FY26, driven by strong wholesale volumes and steady demand across South India. Profit after tax (PAT) grew 150.1% to ₹565.48 lakhs, while EBITDA rose 99.1% to ₹817.46 lakhs, though EBITDA margin contracted by 475 basis points to 11.82% due to a higher share of lower-margin wholesale business. The company also cut its borrowings sharply by 76.8%, signalling a stronger balance sheet and improved liquidity.
Strong top-line and bottom-line growth, combined with a significant debt reduction, is positive for shareholders and likely to support the stock price. However, the notable compression in EBITDA and PAT margins is a watch-point, as future margin recovery will depend on the retail business scaling up to offset the lower-margin wholesale mix.