Mangalam Worldwide's Consolidated Q2 FY25 Net Profit Soars Impressively By 226 Per cent

Oct 30, 2024

Business
Mangalam Worldwide's Consolidated Q2 FY25 Net Profit Soars Impressively By 226 Per cent

PNN
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 Rs 239.48 Cr, YoY growth of 19.70%
* EBITDA of Rs 14.37 Cr, YoY growth of 43.65%
* EBITDA Margin of 6.00%, YoY growth of 100 Bps
* Net Profit After Tax of Rs 6.95 Cr, YoY growth of 226.46%
* PAT Margin of 2.90%, YoY growth of 184 Bps
* Diluted EPS of Rs 2.52, YoY growth of 207.32%
H1 FY25:
- Total Income of Rs 469.70 Cr, YoY growth of 16.78%
- EBITDA of Rs 27.25 Cr, YoY growth of 53.79%
- EBITDA Margin of 5.80%, YoY growth of 140 Bps
- Net Profit After Tax of Rs 12.97 Cr, YoY growth of 154.16%
- PAT Margin of 2.76%, YoY growth of 149 Bps
- Diluted EPS of Rs 4.69, YoY growth of 140.51%
Commenting on the Financial performance, 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 Acuite 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."
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)