Mangalam Worldwide Stock Hits All-Time High After Impressive Q3 Performance
Shares of Mangalam Worldwide Limited, a major integrated stainless-steel manufacturer, jumped 7% in Monday's trading session. The stock reached a fresh record high of ₹295.95 per share on the National Stock Exchange. This rally occurred even as broader Indian markets faced pressure.
Strong Quarterly Numbers Drive Investor Confidence
The sharp rise appears directly linked to the company's December quarter results. Mangalam Worldwide released its financial figures through a regulatory filing on Friday. The report showed a substantial 74% increase in consolidated net profit. Profit climbed to ₹14.09 crore for the third quarter, compared to ₹8.08 crore in the same period last year.
Revenue from operations also saw healthy growth. Consolidated revenue stood at ₹350.56 crore for the quarter. This marks a 29% improvement over the ₹271.77 crore reported in the December quarter of the previous year.
On the operational front, the company posted an EBITDA of ₹26 crore. Margins expanded significantly by 128 basis points to 7.59% in Q3 FY26, up from 6.31% in Q3 FY25.
Nine-Month Performance Shows Consistent Growth
The positive trend extends beyond the single quarter. For the nine months ending December 31, the company's performance remained robust. Consolidated net profit improved by 65% to ₹34.77 crore. Revenue for the same period grew 28% to ₹948.48 crore, according to the earnings filing.
Management Focuses on Efficiency and Sustainability
Chandragupt Prakash Mangal, Managing Director of Mangalam Worldwide Limited, commented on the results. He stated that the Q3 FY26 performance reflects a steady focus on operational efficiency and cost management. The company emphasized disciplined execution during the quarter.
"We continued to strengthen our integrated capabilities," Mangal said. "We also progressed on our sustainability initiatives, including our renewable energy efforts."
Looking ahead, the management remains focused on maintaining operational stability. The company aims to advance its long-term growth priorities as it enters the final quarter of the financial year.
Expanding Renewable Energy Footprint
In a significant sustainability move, the company is installing a new solar power plant. The project involves a 10.4 MW DC ground-mounted solar facility for captive consumption at its Halol unit.
The plant will be set up at Village Handod, Taluka Karjan, District Vadodara, Gujarat. The land is secured through a long-term lease of 25 years. This installation is expected to substantially boost the company's renewable energy generation.
The project directly supports the company's sustainability objectives. Once completed, it will increase Mangalam Worldwide's total solar capacity to 11.6 MW.
Sustained Bull Run in Share Price
The company's shares have been on a remarkable upward trajectory since July 2025. The stock has gained 74% since that period. The rally includes impressive gains over multiple time frames.
- The stock jumped 70% in the last six months.
- It surged 161% over the past three years.
- The five-year period shows a massive 182% increase.
In terms of annual performance, the stock closed 2025 with a robust 61% surge. This marks the third consecutive year of annual gains for Mangalam Worldwide shares.
