Mangal Electrical Industries Limited reported its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27).

Financial Performance (YoY Comparison)

  • Revenue: ₹125.8 Crores, representing a 40% increase year-over-year
  • Operating Profit: ₹11.1 Crores, representing a 12% increase year-over-year
  • Profit After Tax: ₹7.5 Crores, representing a 101% increase year-over-year

Revenue Breakdown by Product Category (₹ in Crores)

| Product Category | Q1 FY27 | Q1 FY26 | Full Year FY26 |

| Transformer components | 83.9 | 76.1 | 409.4 |

| Transformer | 24.4 | 8.5 | 89.4 |

| EPC & others | 17.5 | 5.0 | 80.9 |

| Total | 125.8 | 89.7 | 579.7 |

Operational Highlights

  • Achieved approximately 32% volume growth in CRGO during Q1 FY27 compared to Q1 FY26
  • CRGO realizations declined by approximately 18% during Q1 FY27 compared to Q1 FY26
  • CRGO realizations increased 5% sequentially compared to Q4 FY26
  • CRGO prices have shown stability after a downtrend of almost one year, with early signs of recovery expected in coming quarters

Strategic Developments

  • Acquired industrial land adjacent to the existing manufacturing facility in Reengus, Rajasthan to support future capacity expansion
  • Transformer capacity expansion is in progress and expected to be completed by end of FY27
  • Company continues focus on growing transformer components business, particularly core product CRGO laminations, and adding new products periodically

Management Commentary

Mr. Rahul Mangal, Managing Director, commented: "We have started FY27 on a positive note with strong operational performance, driven by healthy volume growth and improved contribution from our transformer business. While lower CRGO realizations impacted revenue, our focus on execution and operational efficiencies supported profitability. With CRGO prices showing signs of recovery, our transformer capacity expansion progressing as planned, and continued investments in manufacturing infrastructure, we remain confident of delivering sustainable growth in the coming quarters."

Company Background

Mangal Electrical Industries Ltd. specializes in processing and manufacturing transformer components and transformers for the power infrastructure industry. The company also offers EPC services for setting up electrical substations. Customers include governmental, municipal utilities and private sector energy producers. The company has five production facilities situated at Jaipur and Reengus, with business operations managed through corporate office in Jaipur.