Mangalam Worldwide Limited submitted its unaudited consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27) to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance (Consolidated)
- Profit After Tax (PAT): ₹12.02 crore, representing an 18.71% year-on-year increase from ₹10.13 crore in Q1 FY26
- Total Income: ₹316.85 crore, showing 13.40% year-on-year growth compared to ₹279.41 crore in Q1 FY26
- Adjusted EBITDA: ₹29.72 crore, registering 50.74% year-on-year growth from ₹19.72 crore in Q1 FY26
Operational Highlights
During Q1 FY27, the company continued to build on its manufacturing capabilities with a focus on enhancing product offerings and addressing evolving customer requirements. The company maintains commitment to delivering high-quality stainless steel products while strengthening presence across domestic and international markets.
Market Position and Opportunities
The company continues to see opportunities across key end-use sectors including automotive, engineering, and infrastructure, supported by sustained demand for high-quality stainless steel products. With a diversified product portfolio, MWL remains positioned to cater to evolving customer requirements across these sectors.
Capacity Expansion
MWL recently commissioned a 10.4 MW ground-mounted solar installation, adding to existing 1.2 MW rooftop solar capacity, bringing total solar installations to 11.6 MW. This strengthens the company's focus on renewable energy and sustainable operations.
Management Commentary
Mr. Chandragupt Prakash Mangal, Managing Director, stated: "Our performance in Q1 FY27 reflects the steady progress we are making in executing our growth strategy and building a strong foundation for the future. We remain focused on expanding our presence across value-added stainless steel segments and pursuing opportunities that enable us to enhance our market reach and strengthen our competitive position."
Company Background
Mangalam Worldwide Limited, established in 1995, is a fully integrated stainless steel manufacturer with operations ranging from scrap melting to manufacturing of seamless pipes and tubes. The company produces stainless steel billets, ingots, flat bars, round bars, bright bars, seamless pipes & tubes, heat exchanger tubes and U-tubes.
Manufacturing Infrastructure
The company operates four plants located in Halol (Unit I), Changodar (Unit II), and Kapadvanj (Unit III & IV), Gujarat, spanning over 1,25,000 square meters with total installed capacity of more than 1,90,000 MTPA. The infrastructure includes steel melting shops, rolling mills, peeling units with finishing machines, and seamless pipes & tubes facilities.
Workforce
The company employs over 750 skilled employees.
Disclaimer
The document includes forward-looking statements subject to risks and uncertainties including government actions, local, political or economic developments, technological risks, and other factors that could cause actual results to differ materially. The Company undertakes no obligation to update these forward-looking statements.