Mangalam Worldwide Q1 Results Income ₹23,021.48 Million & Net Profit ₹598.47 Million

Mangalam Worldwide Q1 Results

Mangalam Worldwide reported a substantial performance with significant financial metrics in the first quarter of the fiscal year 2024-2025. Their total income for this period was ₹23,021.48 million, reflecting a modest decrease from ₹23,902.65 million recorded in the previous quarter but showing a strong year-on-year growth from ₹20,215.57 million. This income comprised ₹22,914.62 million from operations and ₹106.86 million from other sources.

Mangalam Worldwide’s total expenses stood at ₹22,392.83 million, compared to ₹23,164.04 million in the prior quarter, indicating a decrease. Major expense components included ₹20,001.05 million for materials consumed and ₹651.66 million for employee benefits. The cost of materials consumed increased from the previous quarter's ₹19,117.91 million, while other expenses showed a slight reduction.

Mangalam Worldwide achieved a profit before tax of ₹628.65 million, slightly lower than ₹738.61 million in the preceding quarter but significantly improved from ₹358.10 million a year ago. The net profit after tax for Q1 was ₹598.47 million, reflecting an increase from ₹724.01 million in the last quarter and a rise from ₹297.84 million in the same quarter of the previous year. 

Other comprehensive income increased notably, resulting in a total comprehensive income of ₹1,887.49 million. This positive performance demonstrates Mangalam Worldwide’s strong financial health and operational efficiency.

Source: Here 

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Mangalam Worldwide Q1 Results 2024-2025 Overview 

The table shows Mangalam Worldwide's financial results for the first quarter of 2024-2025. The company earned ₹23,021.48 million, with most coming from operations and a small amount from other sources. Expenses were ₹22,392.83 million, including costs for materials, stock, and other expenses. 

Here's a simplified summary of the financial results:

Mangalam Worldwide Financial Overview 

The Mangalam Worldwide financial table shows key details about the company’s stock and performance. The company has a market cap of ₹322 Crore, meaning that’s the total value of all its shares. Each share is currently priced at ₹131. 

Here’s a simple breakdown of the provided financial details:

Quarterly Results 

The Mangalam Worldwide table shows financial results for three periods: December 2023, March 2024, and June 2024. Sales were highest in March 2024 but slightly lower in June 2024. Expenses also peaked in March 2024 and then reduced. 

Here's a summary of the financial metrics for the periods Dec 2023, Mar 2024, and Jun 2024:

About Mangalam Worldwide

Mangalam Worldwide is a prominent stainless steel manufacturer based in Ahmedabad, Gujarat, India. The company is known for its sustainable practices and operates as a fully integrated stainless steel mill. Their production facilities are located in Halol, Changodar, and Kapadvanj, which are equipped with modern European technology. This advanced technology helps the company produce high-quality stainless steel efficiently.

Mangalam Worldwide has a team of highly skilled engineers who work in development, production, and quality control. These engineers are focused on staying ahead of market trends and adapting quickly to customer needs. This approach ensures that Mangalam Worldwide can offer tailored solutions in a short amount of time.

Mangalam Worldwide specializes in a variety of stainless steel grades, including Austenitic, Ferritic, Martensitic, Duplex, Super Duplex, and High Alloy. The company's fully integrated setup allows it to be both agile and flexible, which helps in providing exotic stainless steel products with comparatively shorter delivery times. This ability to meet stringent global standards and deliver quickly makes Mangalam Worldwide a valuable partner for customers around the world.