Mangal Electrical Industries Limited (MEIL) has reported mixed financial results for the second quarter, showing revenue growth but a decline in profitability.

Financial Highlights

MEIL reported the following key figures for the quarter:

• Net profit: ₹133.00 million, down from ₹143.00 million in the same period last year
• Revenue: Increased to ₹1,540.00 million from ₹1,330.00 million year-over-year
• EBITDA: Declined to ₹218.40 million from ₹239.50 million
• EBITDA margin: Compressed to 14.15% from 18.05% in the previous year

Revenue Growth

The company witnessed a significant year-on-year growth in its revenue, which increased by approximately 15.79% compared to the same quarter last year. This growth indicates strong demand for MEIL's products and services.

Profitability Challenges

Despite the revenue growth, MEIL faced challenges in maintaining its profitability:

• Net profit decreased by about 6.99% year-over-year
• EBITDA saw a decline of approximately 8.81%
• EBITDA margin contracted by 390 basis points

These figures suggest that the company may be facing increased operational costs or competitive pressures that are impacting its bottom line.

Market Implications

The mixed results present a nuanced picture for investors and stakeholders:

• The revenue growth demonstrates MEIL's ability to expand its market presence and sales.
• However, the decline in profitability metrics may raise questions about the company's cost management and operational efficiency.

Looking Ahead

As Mangal Electrical Industries navigates these mixed results, key areas to watch include:

• Initiatives to improve operational efficiency and cost management
• Strategies to maintain revenue growth while addressing profitability challenges
• Any guidance or outlook provided by the management for future quarters

Investors and analysts will likely be keen to see how MEIL plans to balance its growth trajectory with profitability improvement in the coming periods.

Mangal Electrical Industries Limited (MEIL) has announced the appointment of Mr. Ramkishan Bairwa as its new Chief Operating Officer (EPC), effective September 16, 2025. The decision was approved by the company's Board of Directors, following a recommendation from the Nomination and Remuneration Committee.

Extensive Industry Experience

Mr. Bairwa brings over three decades of expertise to his new role at MEIL. With more than 33 years of experience in managing EPC (Engineering, Procurement, and Construction) contracts in the Power Transmission & Distribution sector, he is poised to contribute significantly to the company's operations.

Educational Background

The newly appointed COO holds a Bachelor's Degree in Electrical Engineering from Delhi College of Engineering under Delhi University. Additionally, he has earned a Graduate Diploma in Materials Management from the Indian Institute of Material Management, Bangalore, further enhancing his qualifications for the role.

Professional History

Prior to joining Mangal Electrical Industries Limited, Mr. Bairwa has had an illustrious career, having been associated with several prominent companies in the industry. His previous engagements include:

• Alstom Systems Limited
• Teracom Limited
• Vindhya Telelinks Limited
• RAMA Prime Engineers & Construction Private Limited

Regulatory Compliance

In compliance with regulatory requirements, Mangal Electrical Industries Limited has confirmed that Mr. Ramkishan Bairwa has not been debarred from holding office by the Securities and Exchange Board of India (SEBI) or any other regulatory authority.

Company Performance

Coinciding with this appointment, Mangal Electrical Industries Limited also released its unaudited financial results for the quarter ended June 30, 2025. The company reported:

Market Listing

Mangal Electrical Industries Limited recently completed its Initial Public Offering (IPO) and was listed on the National Stock Exchange of India Limited (NSE) and BSE Limited on August 28, 2025. The IPO comprised a fresh issue of 71,30,124 equity shares with a face value of ₹10 each, aggregating to ₹713.01 crore, issued at a premium of ₹551 per equity share.

The appointment of Mr. Ramkishan Bairwa as COO (EPC) is expected to bring valuable expertise to Mangal Electrical Industries Limited as it navigates its journey as a newly listed public company in the power transmission and distribution sector.