Mangalam Global Enterprise Reports 24% Revenue Growth and 218% Net Profit Surge in Q2
Mangalam Global Enterprise's Q2 results show significant growth in revenue and net profit, despite challenges in other financial metrics. Revenue increased by 24.33% to ₹7,000.00 crore, while net profit surged by 218% to ₹178.00 crore, boosted by an exceptional gain of ₹193.00 crore. However, the company faced declines in profit before tax (-10.42%), EBITDA (-20.14%), and EBITDA margin (down 95 bps to 1.62%), indicating potential operational challenges.

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Mangalam Global Enterprise has reported significant growth in both revenue and net profit for the second quarter, despite facing challenges in other financial metrics. The company's financial performance shows a mixed picture, with substantial rises in revenue and net profit contrasted by declines in other key indicators.
Financial Highlights
Metric | Q2 (Current Year) | Q2 (Previous Year) | Change |
---|---|---|---|
Revenue | ₹7,000.00 crore | ₹5,630.00 crore | +24.33% |
Net Profit | ₹178.00 crore | ₹56.00 crore | +218.00% |
Profit Before Tax | ₹86.00 crore | ₹96.00 crore | -10.42% |
EBITDA | ₹115.00 crore | ₹144.00 crore | -20.14% |
EBITDA Margin | 1.62% | 2.57% | -95 bps |
Key Takeaways
Revenue Growth: The company's revenue increased to ₹7,000.00 crore from ₹5,630.00 crore in the same period last year, representing a 24.33% growth.
Exceptional Gain: The company recorded an exceptional gain of ₹193.00 crore during the quarter, which significantly contributed to the increase in net profit.
Net Profit Surge: Net profit jumped to ₹178.00 crore from ₹56.00 crore in the same period last year, marking a 218.00% increase.
Profit Before Tax Decline: Despite the net profit increase, profit before tax declined from ₹96.00 crore to ₹86.00 crore year-over-year.
EBITDA Performance: EBITDA decreased from ₹144.00 crore to ₹115.00 crore, indicating potential challenges in operational efficiency.
Margin Compression: The EBITDA margin compressed from 2.57% to 1.62%, suggesting increased cost pressures or reduced operational efficiency.
While Mangalam Global Enterprise has shown impressive growth in revenue and net profit, the substantial increase in net profit, primarily driven by the exceptional gain, masks the underlying operational challenges faced by the company. The decline in profit before tax, EBITDA, and EBITDA margin indicates that the company may be experiencing pressure on its core operations.
Investors and analysts may need to look closely at the nature of the exceptional gain and the factors contributing to the decline in operational metrics to gain a comprehensive understanding of the company's financial health and future prospects.