Mangal Electrical Industries Limited has informed the Exchange regarding 'Audited Financial Results for the quarter and year ended March 31, 2026'.
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Mangal Electrical Industries Limited has reported audited financial results for FY26 (year ended March 31, 2026). Total revenue from operations stood at Rs 5,494.21 million, representing robust growth of approximately 33.5% compared to Rs 4,114.26 million in FY25. Profit After Tax (PAT) for FY26 was Rs 276.30 million, marking a strong 34.8% year-on-year increase from Rs 205.00 million in the previous year. EPS for FY26 is Rs 17.46 per share. The company completed its IPO in August 2025, raising Rs 400 million, of which Rs 309.33 million has been utilized as of March 31, 2026. The Board also approved the MEIL - ESOP 2025 scheme for eligible employees with up to 15 lakh options. The statutory auditors have provided an unmodified audit opinion with no qualifications.
Strong financial performance with revenue and PAT both growing over 30% demonstrates operational efficiency and market expansion. The clean audit opinion with no going concern issues supports investor confidence. However, the significant negative operating cash flow warrants monitoring.