Date: October 15, 2026

Financial Performance Summary

Q2 FY27 Consolidated Results (Quarter Ended September 30, 2026)

  • Profit After Tax (PAT): ₹13.82 crore, up 30.90% YoY from ₹10.55 crore in Q2 FY26
  • Total Income: ₹361 crores, up 13.4% YoY from ₹319 crores in Q2 FY26
  • Export Revenue: ₹63.86 crore, up 355% YoY from ₹14.04 crore in Q2 FY26
  • Adjusted EBITDA: ₹40.17 crore, up 81% YoY from ₹22 crores in Q2 FY26
  • Adjusted EBITDA Margin: 11.13%, compared with 6.98% in Q2 FY26

H1 FY27 Consolidated Results (Half Year Ended September 30, 2026)

  • Profit After Tax (PAT): ₹25.84 crore, up 25% YoY from ₹20.68 crore in H1 FY26
  • Total Income: ₹678 crores, up 13.40% YoY from ₹598 crores in H1 FY26
  • Export Revenue: ₹93 crores, up 261% YoY from ₹26 crores in H1 FY26
  • Adjusted EBITDA: ₹70 crores, compared with ₹42 crores in H1 FY26
  • Adjusted EBITDA Margin: 10.31%, compared with 7.02% in H1 FY26

Operational and Strategic Highlights

Export Performance: Exports continued to contribute significantly to growth, with presence across more than 30 countries. Export revenue showed substantial growth of 355% YoY in Q2 FY27.

International Expansion: The company incorporated its wholly owned subsidiary, MWL Europe BV, in Belgium during October 2026. This strategic move aims to expand international presence, strengthen customer outreach, enhance operational efficiencies, and explore business opportunities in the European market.

Management Commentary

Mr. Chandragupt Prakash Mangal, Managing Director, stated: "Our Q2 FY27 performance reflects our continued focus on operational efficiency, business growth and strengthening our position in the stainless steel industry. We remain committed to expanding our value-added product portfolio, improving profitability and building on the opportunities emerging across domestic and international markets."

He added: "The incorporation of our wholly owned subsidiary in Belgium marks an important milestone in our global expansion journey. As we continue to strengthen our export presence, our focus remains on building longterm customer relationships, expanding our reach in key markets and creating sustainable value for the business."

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. Product portfolio includes stainless steel billets, ingots, flat bars, round bars, bright bars, seamless pipes & tubes, heat exchanger tubes and U-tubes.

Infrastructure: Four plants located in Halol (Unit I), Changodar (Unit II), and Kapadvanj (Unit III & IV), Gujarat, spanning over 1,25,000 square meters.

Production Capacity: Total installed capacity of more than 1,90,000 MTPA.

Energy Infrastructure: 11.6 MW of solar installations across both rooftop and groundmounted projects.

Workforce: 1000 employees.