Synopsis:
Mangalam Global Enterprise jumped sharply following the release of the Q2 FY26 report with a revenue of Rs 706 crore (+25% YoY) and a net profit of Rs 18 crore (+220% YoY). The domestic revenue increased 19% to Rs 617 crore, and the overseas operations revenue went up by 120% to Rs 98.45 crore.
The shares of leading manufacturers and dealers in Edible and non-edible oils, Seeds, and their derivatives are in focus after posting a stellar financial performance in Q2. In this article, we will dive more into the details.
With a market capitalization of Rs 536 crore, the shares of Mangalam Global Enterprise Ltd are currently trading at Rs 15.80 per share, down by 6.5 percent from its day’s closing price of Rs 16.89 per share. Over the last six months, the stock has delivered a positive return of 12 percent, as compared to NIFTY 50’s return of 8.5 percent.
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Q2 Highlights
Mangalam has reported an operating revenue of Rs 706 crore in Q2 FY26, a growth of 25 percent as compared to Rs 563 crore in Q2FY25. However, on a quarter-on-quarter basis, it declined by 18 percent from Rs 859 crore.
Regarding its profitability, it reported a net profit of Rs 18 crore in Q2 FY26, a staggering growth of 220 percent as compared to Rs 5.6 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 177 percent from Rs 6.4 crore.
However, it is to be noted that the company reported an exceptional income of Rs 10.64 crore in Q2 FY26, which was mainly a one-time GST refund. If we look at the base level (profit tax reducing exceptional gains), the profitability of the company increased by 28 percent.
The Indian operations of the company accounted for a major part of the Q2 FY26 revenue, which increased to Rs 617 crore compared to Rs 518 crore (19 percent growth) in Q2 FY25, indicating a robust domestic performance.
The overseas operations went up as well to Rs 98.45 crore from Rs 44.79 crore a year ago (120 percent growth), a good reflection of the growth of the company in international markets. So, the company was able to achieve a significant year-on-year revenue growth from both segments.
Mangalam Global Enterprise Limited is an Indian company that, with its subsidiaries, is engaged in the manufacturing, trading, and importing of edible and non-edible oils as well as agricultural products both in India and abroad.
Some of the products offered by the company are soya oil, mustard oil, castor oil, cotton products, cattle feed, and processed wheat and rice. The company sells the refined oils under the LAGNAM brand and also exports its products.
Written by Satyajeet Mukherjee
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