Mangal Electrical Industries Reports Strong Q1 FY27 Results; Revenue Rises 40%, PAT More Than Doubles
Mangal Electrical Industries Limited, a manufacturer of power infrastructure products, has reported strong financial and operational performance for the quarter ended June 30, 2026 (Q1 FY27). The company delivered robust revenue growth and more than doubled its net profit, supported by higher sales volumes in its Cold Rolled Grain Oriented (CRGO) core business and strong momentum in its transformer segment.
Key Financial Highlights (Q1 FY27)
- Revenue from Operations: ₹125.8 crore, up 40% YoY from ₹89.7 crore
- EBITDA: ₹11.1 crore, up 12% YoY from ₹10.0 crore
- Profit After Tax (PAT): ₹7.5 crore, up 101% YoY from ₹3.7 crore
- Diluted Earnings Per Share (EPS): ₹2.72, compared with ₹1.82 in Q1 FY26
CRGO Core Business Drives Growth
The company’s Cold Rolled Grain Oriented (CRGO) core business remained the primary growth driver during the quarter.
CRGO volumes increased by approximately 32% year-on-year, reflecting strong demand from the power and transformer industries. While CRGO realizations declined 18% YoY, they improved 5% sequentially compared with Q4 FY26, indicating early signs of price stabilization.
Strong Performance Across Business Segments
Transformer Components
Revenue from the transformer components business increased to ₹83.9 crore, compared with ₹76.1 crore in the corresponding quarter last year.
Transformers
The transformers segment delivered exceptional growth, with revenue rising to ₹24.4 crore from ₹8.5 crore in Q1 FY26, nearly tripling on a year-on-year basis.
EPC and Other Businesses
Revenue from the EPC and other businesses increased to ₹17.5 crore, up from ₹5.0 crore in the year-ago quarter, reflecting strong execution across projects.
Capacity Expansion Underway
To support future growth, Mangal Electrical Industries Limited has acquired industrial land adjacent to its existing manufacturing facility in Reengus, Rajasthan.
The company said its transformer manufacturing capacity expansion project is progressing as planned and is expected to be completed by the end of FY27. The expansion is aimed at meeting growing demand from the power transmission and distribution sector.