Monolithisch India, listed on the NSE Emerge platform, reported strong financial performance for the first half of FY26, highlighting accelerated revenue growth, operational efficiency, and strategic expansion following its recent listing. The company delivered Rs 57.28 crore in revenue, a 40 per cent year-on-year (YoY) increase, driven by robust demand across its core business segments.
EBITDA grew 38 per cent YoY, while profit after tax (PAT) surged 57 per cent to Rs 8.82 crore. Earnings per share (EPS) increased 24 per cent, reflecting improved profitability and disciplined financial management. The company’s board also approved the publication of quarterly financial results beginning Q3FY26, enhancing transparency and aligning with shareholder expectations.
To strengthen group operations, the Audit Committee and Board approved the acquisition of 100 per cent of Mineral India Global on 15 October 2025. Mineral India, engaged in ramming mass manufacturing, currently operates at a capacity of 57,600 metric tonne per annum (MTPA), expected to rise to 72,600 MTPA post-debottlenecking.
The acquisition, structured as a related-party transaction under Section 188 of the Companies Act, 2013, and Sebi LODR regulations, is based on Net Asset Value (NAV) as of 30 September 2025 and will proceed for shareholder approval via ordinary resolution.
Monolithisch India’s capital expenditure plan, initiated post-IPO, is progressing on schedule to expand production capacity threefold within the next 12 months. The company operated at 156,000 MTPA during H1FY26 with 96 per cent capacity utilisation. Completion of Capex I and II by Q1FY27 is expected to increase total capacity to 574,000 MTPA, positioning the firm to meet rising global demand. Inorganic growth remains a key focus, with the company evaluating further strategic acquisitions in the ramming mass segment.
Chairman and CFO Prabhat Tekriwal said, “Monolithisch India is entering a transformative phase. Our H1FY26 performance reflects the resilience of our business model and the dedication of our people. With ongoing capacity expansion and disciplined execution, we are well positioned to deliver long-term value to shareholders and stakeholders.”
He added, “Our ambition is to build the world’s largest silica ramming mass manufacturing capacity. We are investing in scale and technology to meet global demand, aiming for fourfold business growth over the next three years, while maintaining sustainable growth, operational excellence, and a lasting impact.” |
