Mangal Electrical Industries Reports Q1 FY27 Results: Revenue Stands at $ 125.8 Crs
Mangal Electrical Industries Limited (MEIL) has reported its unaudited financial results for the quarter ended June 30, 2026. The company saw significant performance metrics across revenue and profit during Q1 FY27.The financial results provide a snapshot of the company's standing against the previous year and full fiscal year figures.
| Particulars | Q1FY27 (₹ in Crs) | Q1FY26 (₹ in Crs) | FY 26 (₹ in Crs) |
|---|---|---|---|
| Revenue from Operations | 125.8 | 89.7 | 579.7 |
| EBITDA | 11.1 | 10.0 | 68.3 |
| EBITDA Margin (%) | 8.8% | 11.1% | 11.8% |
| PAT (Profit After Tax) | 7.5 | 3.7 | 43.2 |
| PAT Margin (%) | 6.0% | 4.2% | 7.4% |
| EPS (Earnings Per Share) | 2.72 | 1.82 | 17.46 |
Operational Highlights and Segment Performance
MEIL noted that the strong operational performance in FY27 was driven by improved contribution from its transformer business, despite lower CRGO realization impacting overall revenue. The company stated that it remains focused on execution and maintaining operational efficiencies as it progresses toward sustainable growth.Key operational achievements during Q1 FY27 include:
- Achieving approximately 32% volume growth in CRGO compared to Q1 FY26.
- CRGO realizations declined by around 18% against Q1 FY26, yet increased 5% sequentially from Q4FY26.
- The company observed that CRGO prices have stabilized after an almost one-year downtrend, with indications of recovery in the coming quarters.
Products and Business Mix Breakdown
The revenue breakup across product segments shows a diversified business focus for MEIL during the period:| Products | Q1FY27 (₹ in Crs) | Q1FY26 (₹ in Crs) | FY 26 (₹ in Crs) |
|---|---|---|---|
| Transformer components | 83.9 | 76.1 | 409.4 |
| Transformer | 24.4 | 8.5 | 89.4 |
| EPC & others | 17.5 | 5.0 | 80.9 |
| Total | 125.8 | 89.7 | 579.7 |
Capacity and Strategic Investments
In addition to managing core product lines, the company has made strategic investments supporting future expansion. MEIL acquired industrial land adjacent to its existing manufacturing facility in Reengus, Rajasthan, intended to support future capacity growth. The transformer capacity expansion project is currently underway and is scheduled for completion by the end of FY27.Mangal Electrical Industries Ltd., which serves governmental, municipal utilities, and private sector energy producers, specializes in processing and manufacturing transformer components and transformers for the power infrastructure industry. It also offers EPC services for setting up electrical substations. The company operates five production facilities located in Jaipur and Reengus.
MEIL Stock Price Movement
Shares of Mangal Electrical Industries Limited today slipped by 1.17% as it settled at ₹295.10. The stock recorded a trading volume of 42,014 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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