Mangalam Global Enterprise Shares Fall By 9.18% Despite Reporting Q2FY26 Profit Surge

Ahmedabad, October 15: Mangalam Global Enterprise Limited’s share price is down significantly today, even though the company reported a 19.1% year-on-year increase in revenue from operations. As of 1:25 PM, the shares were down by 9.30%, or 1.57 points, and were trading at ₹15.32. Until now, the shares have traded within a range of ₹17 and ₹15.11. The traded volume stood at 1.47 crore shares, with the company’s market cap at ₹557 crore. The shares have their 52-week high at ₹18.40 and their 52-week low at ₹10.64.

Mangalam Global Enterprise Limited is an Indian company that is engaged in providing various services in agriculture and specialty chemicals. The company was established in 2001 and is headquartered in Ahmedabad, Gujarat. The shares of the company are listed on NSE with the ticker symbol MGEL and on BSE with the code 544273.

Key Trigger: Strong Financial Performance

On the standalone front, for the second quarter of the financial year 2026, the company reported a 19.1% year-on-year increase in revenue from operations, which reached ₹616.63 crore. Profit before tax grew by 155.8% and the net profit after tax surged by 219.8% to ₹17.73 crore. The earnings per share (EPS) for the quarter was ₹0.54. For the first half of the year, the total revenue was ₹1,410 crore, and the net profit more than doubled to ₹23.60 crore from ₹10.61 crore in the same period last year. The EPS for the six-month period also doubled to ₹0.72.

On the consolidated front, for the second quarter of the financial year 2026, the company’s revenue from operations grew by 25.5% year-on-year to ₹705.80 crore. The profit before tax jumped by 157.4% and net profit after tax surged by 219.4% to ₹17.80 crore. The earnings per share (EPS) for the quarter stood at ₹0.54. For the first half of the year, the total revenue reached ₹1,564 crore, and the net profit more than doubled to ₹24.23 crore compared to ₹11.58 crore in the same period last year. The EPS for the six-month period also doubled to ₹0.74.

Indian and Global Operations Improved Growth

For the first half of the financial year 2026, the Indian operations grew by 23.0% year-on-year, bringing in a total revenue of ₹1,410 crore. The Foreign operations surged by 69.3% to a revenue of ₹163.59 crore. The company’s international business, primarily driven by its Singapore subsidiary, now contributes 10-12% of the total consolidated revenue.

Total Assets At ₹735.57 Crore

Based on its consolidated balance sheet, the company’s total assets increased in the six months ending September 30, 2025, growing to ₹735.57 crore from ₹555.82 crore. This increase was driven by higher inventory and receivables due to stronger business volumes. During the same period, the company’s net worth increased to ₹226.02 crore, and its total liabilities rose to ₹509.55 crore. The cash and cash equivalents also increased to ₹3.75 crore from ₹0.80 crore, while the equity share capital remained unchanged.

Consistent Growth Across Segments

Chanakya Prakash Mangal, Managing Director, said the company delivered consistent growth across both domestic and overseas markets. “Our performance this quarter underscores our ability to navigate volatility in commodity cycles while maintaining operational discipline and expanding our export footprint,” he stated.

REF: https://nsearchives.nseindia.com/corporate/MGEL_15102025105349_BMOUTCOME.pdf

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