Mangalam Worldwide’s Consolidated Q2 FY25 Net Profit Soars Impressively By 226 Percent

Mumbai (Maharashtra) [India], October 30:  Mangalam Worldwide Limited (MWL) (NSE EMERGE – MWL), a fully integrated stainless-steel company, reported Unaudited Financial Results for the Q2 FY25 and H1 FY25. Consolidated Key Financial Highlights Q2 FY25: • Total Income of ₹ 239.48 Cr, YoY growth of 19.70% • EBITDA of ₹ 14.37 Cr, YoY growth of 43.65% • EBITDA Margin of 6.00%, YoY growth of 100 [...]

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Wed, 30 Oct 2024 06:45 PM (IST)
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Mangalam Worldwide’s Consolidated Q2 FY25 Net Profit Soars Impressively By 226 Percent
Mangalam Worldwide’s Consolidated Q2 FY25 Net Profit Soars Impressively By 226 Percent

Mumbai (Maharashtra) [India], October 30:  Mangalam Worldwide Limited (MWL) (NSE EMERGE – MWL), a fully integrated stainless-steel company, reported Unaudited Financial Results for the Q2 FY25 and H1 FY25.

Consolidated Key Financial Highlights

Q2 FY25:

• Total Income of ₹ 239.48 Cr, YoY growth of 19.70%

• EBITDA of ₹ 14.37 Cr, YoY growth of 43.65%

• EBITDA Margin of 6.00%, YoY growth of 100 Bps

• Net Profit After Tax of ₹ 6.95 Cr, YoY growth of 226.46%

• PAT Margin of 2.90%, YoY growth of 184 Bps

• Diluted EPS of ₹ 2.52, YoY growth of 207.32%

H1 FY25:

• Total Income of ₹ 469.70 Cr, YoY growth of 16.78%

• EBITDA of ₹ 27.25 Cr, YoY growth of 53.79%

• EBITDA Margin of 5.80%, YoY growth of 140 Bps

• Net Profit After Tax of ₹ 12.97 Cr, YoY growth of 154.16%

• PAT Margin of 2.76%, YoY growth of 149 Bps

• Diluted EPS of ₹ 4.69, YoY growth of 140.51%

Commenting on the Financial performance, Mr. Vipin Prakash Mangal, Chairman of Mangalam Worldwide Limited said, “With a remarkable 226% surge in net profit for Q2 FY25, we have reinforced our resilience and unwavering commitment to growth, driven by enhanced operational efficiencies. Supported by a strong demand outlook, we are strategically utilizing our capacity to deliver high-quality, value-added products that uphold our market leadership and foster sustainable growth.

Our focused initiatives on operational improvements and high-value products are set to further strengthen our financial position. Our credit rating has been improved from Acuité Ratings & Research Limited, affirming our financial stability. We are confident that these efforts will drive enduring value for our customers and sustained growth into the future.”

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