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Mangalam Worldwide Profit Soars 81% on Cost Cuts
30 Apr
Summary
- Net profit surged 81% to Rs 15.37 crore in the March quarter.
- Company reduced expenses by Rs 68 crore in the last quarter.
- Annual income increased by 14% to Rs 1,214.98 crore.
Gujarat-based Mangalam Worldwide announced an 81% surge in its consolidated net profit for the fourth quarter of the fiscal year 2025-26, achieving Rs 15.37 crore. This notable increase was primarily attributed to stringent cost control measures, which successfully lowered total expenses to Rs 250 crore compared to Rs 318 crore during the January-March period of the previous fiscal year.
The company experienced a decrease in income for the quarter, falling to Rs 266.50 crore from Rs 324.56 crore year-over-year. However, for the entire fiscal year 2025-26, Mangalam Worldwide reported a healthy 14% growth in income, totaling Rs 1,214.98 crore, up from Rs 1,066.03 crore in FY25. Its operations span scrap melting and the manufacturing of seamless pipes and tubes.
