Manomay Tex India Buys 26% Stake in Renewable Firm, Reports Strong Q4 Growth

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AuthorVihaan Mehta|Published at:
Manomay Tex India Buys 26% Stake in Renewable Firm, Reports Strong Q4 Growth
Overview

Manomay Tex India has acquired a 26% stake in Lov Smart RJ-1 Private Limited, a renewable energy firm. The company also reported a significant jump in Q4 revenue and profit before tax for the fiscal year ended March 31, 2026.

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Manomay Tex India: Acquires Renewable Energy Stake Amid Strong Q4 Results

Manomay Tex India Limited has approved acquiring a 26.00% equity stake in Lov Smart RJ-1 Private Limited. This strategic move aims to bolster the company's captive solar power capacity, focusing on long-term cost efficiency and sustainability.

Strong Quarterly Performance

The company reported robust financial results for the fourth quarter ended March 31, 2026. Revenue from operations reached ₹20,397.47 lakh, an increase from ₹17,913.94 lakh in the same period last year. Profit Before Tax for the quarter surged to ₹647.97 lakh, up from ₹455.92 lakh in the prior year's quarter.

Full-Year Financials

For the full fiscal year ended March 31, 2026, Manomay Tex India saw its revenue from operations at ₹71,070.33 lakh, a slight increase from ₹69,691.73 lakh in the previous year. Profit Before Tax for the year rose to ₹2,601.64 lakh, compared to ₹2,587.35 lakh a year earlier.

Acquisition Details and Timeline

The acquisition of Lov Smart RJ-1 Private Limited is expected to be finalized by November 30, 2026, pending standard conditions. This integration is intended to bring renewable energy capacity directly into the company's operational framework.

Key Considerations

While the acquisition marks a strategic diversification, it's noteworthy that Lov Smart RJ-1 Private Limited reported NIL turnover as of March 31, 2025. The success of this venture will depend on Manomay Tex India's ability to develop and leverage this new asset.

Industry Trend

Manomay Tex India's move aligns with a broader industry trend in the textile sector towards embracing renewable energy solutions for cost management and environmental benefits. This diversification into sustainability is becoming a common strategy across various industries.

What to Watch Next

Investors will closely monitor the completion of the Lov Smart RJ-1 acquisition and its eventual impact on Manomay Tex India's operational costs and overall financial health. The effective utilization of this renewable energy capacity will be a key factor to track.

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