Mangalam Worldwide Ltd. Reports Robust Growth with 68% Profit Surge

Mangalam Worldwide Ltd. reported a significant 68% increase in profit for Q1 of fiscal year 2025-26, reaching Rs 10.13 crore. The company's total income grew over 21% to Rs 279.41 crore, driven by enhanced efficiencies and rising demand in key markets.

Mangalam Worldwide Ltd., a leading stainless-steel manufacturer based in Gujarat, has reported a remarkable 68% increase in its profit for the first quarter of the fiscal year 2025-26. The profit climbed to Rs 10.13 crore compared to the same period last year.

The company also experienced a significant boost in total income, which rose over 21% to Rs 279.41 crore in the April-June quarter. This growth was attributed to enhanced operational efficiencies and an uptick in demand for stainless steel across key markets, as highlighted in a statement from the company.

Demonstrating further financial strength, Mangalam Worldwide's adjusted EBITDA saw a 53.04% increase, reaching Rs 19.72 crore. Despite these achievements, the company maintained a strong EBITDA margin of over 7.1%, according to Chairman Vipin Prakash Mangal.

(With inputs from agencies.)