Synopsis

Mangalam Worldwide Ltd has achieved a remarkable 18.7 percent increase in profit after tax for the quarter ending June 2026, accompanied by a total income boost of 13.40 percent. The company has broadened its product offerings to meet evolving customer demands and recently launched a 10.4-MW ground-mounted solar installation. MWL is dedicated to enhancing its value-added stainless steel segments as part of its growth strategy.

Mangalam Worldwide Ltd (MWL), a fully integrated stainless-steel manufacturer, reported an 18.7 per cent rise in its profit after tax at Rs 12.02 crore in the quarter ended June 2026.

The company had reported a PAT (profit after tax) of Rs 10.13 crore in the year-ago period.

The total income rose by 13.40 per cent to Rs 316.85 crore from Rs 279.41 crore in the year-ago period.

During the reporting 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 said in a statement.

"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," MWL Managing Director Chandragupt Prakash Mangal said.

Mangalam Worldwide Ltd, established in 1995, is a fully integrated stainless steel manufacturer, with operations ranging from scrap melting to the manufacturing of seamless pipes and tubes. The company also produces stainless steel billets, ingots, flat bars, round bars, bright bars, as well as seamless pipes and tubes, heat exchanger tubes and U-tubes.

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