Monno Ceramics posts 267% profit growth in Q1 

Monno Ceramic Industries, a concern of Monno Group, has reported a 267.59% growth in net profit, driven by a 64% increase in revenue during the first quarter of the current fiscal year.

During the first quarter (July-September), the ceramic manufacturer reported a net profit of Tk93.39 lakh with earnings per share (EPS) of Tk0.25, reflecting a 267% growth from Tk29.73 lakh in the same period last year, according to its unaudited quarterly financial statement.

Its revenue grew by 64% to TK10.69 crore, which was Tk6.51 crore in the same period of the previous fiscal year.

Regarding the increases in EPS, the company attributed strong revenue growth and better operational efficiency, despite a rise in finance costs arise from increased interest rates during the period.

Following the publishing of quarterly financials, shares price of Monno Ceramics increased by 2% to Tk76.50 each on the Dhaka Stock Exchange (DSE) today (11 November). 

The net operating cash flow per share continued to be negative at Tk0.78 during Q1 of FY26, which was negative at Tk0.26 in the same time of FY25.

The company said that the decrease in cash flow was due to higher cash payments to suppliers and increased interest payments during the period.

Its net asset value per share slightly increased to Tk80.14 due to higher earnings per share and an increase in profit during the period, reflecting the company's improved financial performance, it said.

Monno Agro posts drop in revenue and profit

Meanwhile, another Monno Group's concern, Monno Agro and General Machinery, posted revenue and profit declines in the first quarter of FY26. 

During Q1, its revenue declined to Tk2.57 crore and net profit after tax to Tk22.77 lakh, which was Tk3.18 crore and Tk40 lakh, respectively, in the same time of the previous fiscal year.

The company said the decrease in revenue is primarily attributable to seasonal fluctuations, lower sales volume, market conditions, and operational constraints.