Mangalam Worldwide Secures Vendor Approvals from Qatar Energy, BHEL, EIL, and GSFC 4 days ago
Mangalam Worldwide Limited has been selected as an approved vendor by Qatar Energy, BHEL, EIL, and GSFC, expanding its presence in energy, infrastructure, and industrial sectors. These strategic partnerships position the company for potential revenue growth and enhanced market opportunities across diverse industrial segments.
Mangalam Worldwide, a stainless-steel manufacturer, posted strong Q1 results with a 68% increase in profit after tax to Rs 10.13 crore. Total income grew 21% year-on-year to Rs 279.41 crore, while adjusted EBITDA rose 53.04% to Rs 19.72 crore. The company's EBITDA margin improved to 7.10%, indicating enhanced operational efficiency. Chairman Vipin Prakash Mangal attributed the performance to improved operational efficiencies and rising stainless steel demand in key markets.