Mangal Electrical Q2FY26 Profit Up 14% YoY; Revenue Climbs To ₹154.3 Crore

Jaipur, November 10, 2025 – Mangal Electrical Industries Limited reported a good performance in second quarter of financial year 2026 with profit after tax growing 72% qoq and 14% YoY to ₹17.8 Cr. The company has reported a revenue from operations improved to ₹154.3 Cr supported by stable demand for transformers and other power infrastructure components.

Mangal Electrical Industries Ltd. is based in Jaipur and engages in the production of transformer parts, transformers, and EPC Solutions for electrical substations and supplies to government utilities, municipalities, and private energy producers. This is done through five factories in Jaipur and Reengus. The company has its equity shares listed and traded on the NSE and BSE, under the symbol MEIL.

Financial Performance

In Q2FY26, the company restored its financial performance, improved its revenue to ₹154.3 crore and achieved a solid ₹17.8 crore in profit after tax. Better operational efficiency and consistent infrastructure investments in the power T&D lifted the profits. The EBITDA margin also jumped to 14.2% from last quarter’s 11.1%.

Segment Performance

Revenue grew in every segment, with growth led by transformer components, which grew by ₹101.5 crore. Margins improved to 14.2% with the help of lower prices of CRGO steel, which fell 8% this year compared to an increase of 45% last year.

Management Commentary

The company’s Managing Director, Rahul Mangal, appreciates the financial shift of the company. He mentioned that we delivered a strong recovery in Q2FY26 with healthy growth across key product segments. The renewed momentum reflects sustained strength in power T&D investments. With the upcoming commissioning of our new plant and a robust order book, we are positioned for consistent and profitable growth in the coming quarters.

Financial and Operational Highlights

The company has announced solid growth with revenue growth of 14% YoY and 72% qoq, which is strongly supported by a strong order book of ₹251 crores. Net cash is ₹174 crores, indicating strong liquidity. Capacity expansion underway is on track, and we expect some savings on finance costs from the next quarter.

As of 12:10 IST, the share of Mangal Electrical Industries Limited was trading at ₹454.10, down 21.90 or 4.60% from its previous close of ₹476. The share opened at ₹465.15 and traded between ₹478.45 and ₹452, high and low. Also, the company has maintained its 52-week high at ₹573.70, while the low is at ₹439.95.

REF: https://nsearchives.nseindia.com/corporate/MANGALS_09112025171647_Intimtion_Press_Release__1_.pdf

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