Ahmedabad: Mangalam Worldwide Limited (MWL), a leading fully integrated stainless-steel manufacturer, announced its financial results for the quarter ended June 30, 2026.
Total Income of the company stood at ₹316.85 crore in Q1 FY27, marking a YoY growth of 13.40% from ₹279.41 crore in Q1 FY26. MWL reported a Profit After Tax (PAT) of ₹12.02 crore, up 18.71% YoY, from ₹10.13 crore in Q1 FY26. Adjusted EBITDA stood at ₹29.72 crore, registering a growth of 50.74% YoY compared to ₹19.72 crore in Q1 FY26.
During the quarter, MWL continued to build on its established manufacturing capabilities, with a focus on enhancing its product offerings and addressing evolving customer requirements. The company remains committed to delivering high-quality stainless steel products while strengthening its presence across domestic and international markets.
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 well positioned to cater to the evolving requirements of customers across these sectors and strengthen its presence in both domestic and international markets.
Key Financial Highlights (Consolidated):
- Profit After Tax (PAT): ₹12.02 crore, up 18.71% YoY from ₹10.13 crore in Q1 FY26
- Total Income: ₹316.85 crore, up 13.40% YoY as compared to ₹279.41 crore in Q1 FY26
- Adjusted EBITDA: ₹29.72 crore, up 50.74% YoY as against ₹19.72 crore in Q1 FY26
Chandragupt Prakash Mangal, Managing Director of Mangalam Worldwide Limited, said, “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. The Company recently commissioned a 10.4 MW ground-mounted solar installation, adding to our existing 1.2 MW rooftop solar capacity and taking our total solar installations to 11.6 MW. This further strengthens our focus on renewable energy and sustainable operations. 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.”
