Mangalam Worldwide Q1 Results Revenue ₹22,914.62 Million & Net Profit ₹598.47 Million

Mangalam Worldwide Q1 Results

Mangalam Worldwide reported mixed financial results for the first quarter ending June 30, 2024. The company's revenue from operations was ₹22,914.62 million, slightly lower than the ₹23,657.51 million reported in the previous quarter but higher than the ₹20,136.68 million from the same quarter last year.

Mangalam Worldwide's other income also decreased to ₹106.86 million from ₹245.14 million in the previous quarter and ₹78.89 million a year ago. This resulted in a total income of ₹23,021.48 million, which was lower compared to ₹23,902.65 million in the last quarter and ₹20,215.57 million a year ago.

On the expense side, Mangalam Worldwide saw a rise in the cost of materials consumed to ₹20,001.05 million from ₹19,117.91 million in the previous quarter. Purchases of stock-in-trade decreased to ₹490.39 million, and changes in inventories led to a decrease of ₹2,820.92 million. Employee benefits and finance costs also increased. Total expenses for the quarter were ₹22,392.83 million, up from ₹23,164.04 million last quarter.

The profit before exceptional items and tax was ₹628.65 million, lower than the ₹738.61 million of the previous quarter. After accounting for taxes and other comprehensive income, the net profit for the quarter was ₹598.47 million. Comprehensive income was significantly higher at ₹1,887.49 million, compared to ₹733.99 million in the previous quarter.

Source: Here 

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Overview

Here's a simplified version of the financial results data:

Mangalam Worldwide Stock Performance

Mangalam Worldwide shows key financial details about the company. Its market capitalization is ₹330 Crores, indicating the total value of all its shares. The current stock price is ₹135, but it has ranged from ₹106 to ₹184 recently. The Price-to-Earnings (P/E) ratio is 16.6, showing how much investors are willing to pay per unit of earnings. 

Here’s a summary of the financial metrics for the company:

Quarterly Results 

Mangalam Worldwide financial results for December 2023, March 2024, and June 2024 show the company's performance over these periods. In December 2023, the company earned ₹181.07 crores in sales and spent ₹170.38 crores on expenses, leading to an operating profit of ₹10.69 crores and a high operating profit margin of 5.90%. 

Here's the summary for the quarters ending December 2023, March 2024, and June 2024:

About Mangalam Worldwide 

Mangalam Worldwide is a major stainless steel manufacturer located in Ahmedabad, Gujarat, India. They have production plants in Halol, Changodar, and Kapadvanj. The company is known for being fully integrated, meaning they handle every part of the stainless steel production process in-house. This approach allows them to maintain high quality, deliver products on time, and offer a wide variety of stainless steel grades.

Mangalam Worldwide facilities use advanced European technology and are staffed by a skilled team of engineers who are experts in development, production, and quality control. This team focuses on staying ahead of market demands and quickly adapting to meet customer needs.

Mangalam Worldwide's product range includes exotic types of stainless steel such as Austenitic, Ferritic, Martensitic, Duplex & Super Duplex, and High Alloy Stainless Steel. With a capacity of over 160,000 metric tons and a workforce of more than 750 people, they manage a large area of over 125,000 square meters.

By controlling all stages of production, Mangalam Worldwide ensures that their products meet global standards and are delivered in shorter times. Their ability to manage the entire supply chain helps them provide timely deliveries and a comprehensive range of stainless steel products.