{"id":40613,"date":"2024-08-08T14:08:16","date_gmt":"2024-08-08T08:38:16","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/08\/08\/mangalam-worldwide-q1-fy25-net-profit-jumped-143-percent\/"},"modified":"2024-08-08T14:08:16","modified_gmt":"2024-08-08T08:38:16","slug":"mangalam-worldwide-q1-fy25-net-profit-jumped-143-percent","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/08\/08\/mangalam-worldwide-q1-fy25-net-profit-jumped-143-percent\/","title":{"rendered":"Mangalam Worldwide Q1 FY25 Net Profit Jumped 143 Percent"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai (Maharashtra) [India], August 8:<\/strong> Mangalam\u00a0Worldwide\u00a0Limited (MWL) (NSE\u00a0EMERGE\u00a0\u2013\u00a0MWL),\u00a0a fully integrated stainless-steel\u00a0company,\u00a0reported\u00a0Unaudited Financial Results for the\u00a0Q1\u00a0FY25.\u00a0<\/p>\n<p><strong>Consolidated\u00a0Key Financial Highlights\u00a0of Q1 FY25:<\/strong><\/p>\n<p>\u2022\u2002Total Income of\u00a0\u20b9\u00a0230.21 Cr, YoY growth of 13.8s8%<\/p>\n<p>\u2022\u2002EBITDA of\u00a0\u20b9\u00a012.88 Cr, YoY growth of 78.50%<\/p>\n<p>\u2022\u2002EBITDA Margin of 5.60%, YoY growth of 203 Bps<\/p>\n<p>\u2022\u2002Net Profit of\u00a0\u20b9\u00a06.01 Cr, YoY growth of 143.28%<\/p>\n<p>\u2022\u2002Net Profit Margin of 2.61%, YoY growth of 139 Bps<\/p>\n<p>\u2022\u2002EPS of\u00a0\u20b9\u00a02.45, YoY growth of 142.57%<\/p>\n<p>Commenting on the performance, Mr. Vipin Prakash Mangal, Chairman of Mangalam Worldwide Limited said, \u201cI am pleased to report that our financial performance in Q1 FY25 was outstanding, setting a strong foundation for the rest of the year. We are entering a transformative phase with a strategic focus on enhancing our production capabilities and expanding our market reach. Our primary focus will be on the production of stainless steel, flat bars and round bars.<\/p>\n<p>In the forthcoming years, we will significantly increase our capital expenditure to boost our finished goods capacity from 60% to 90%. This expansion will enhance our production capabilities and open up numerous opportunities for growth and innovation. We are expanding our geographic distribution in the southern part of India, allowing us to better serve our customers and tap into new markets.<\/p>\n<p>Our commitment to excellence in manufacturing and trading steel products remains unwavering. We believe that these initiatives will drive significant value for our customers and position us for sustained growth in the future.\u201d<\/p>\n<p><strong>Recent\u00a0Highlight<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td>Credit Ratings<\/td>\n<td>\u00a0 Company has received a long-term rating of \u2018BBB+\u2019 and a short-term rating of \u2018A2\u2019 from\u00a0Acuit\u00e9\u00a0Ratings &amp; Research for its bank facilities. \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], August 8: Mangalam\u00a0Worldwide\u00a0Limited (MWL) (NSE\u00a0EMERGE\u00a0\u2013\u00a0MWL),\u00a0a fully integrated stainless-steel\u00a0company,\u00a0reported\u00a0Unaudited Financial Results for the\u00a0Q1\u00a0FY25.\u00a0&#8230;<\/p>\n","protected":false},"author":2,"featured_media":40614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-40613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/40613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=40613"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/40613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/40614"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=40613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=40613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=40613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}