Approval of Un-audited Financial Results(Standalone and consolidated) Financial Results for the quarter ended 30th June, 2025
MANGALAM · price
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Awaiting price reaction for this filing.
Mangalam Drugs and Organics Limited reported weak Q1 FY26 results. Total income from operations fell to Rs 5,734.87 lakhs, down about 25% from Rs 7,653.62 lakhs in the same quarter last year. The company swung from a net profit of Rs 268.47 lakhs in Q1 FY25 to a net loss of Rs 1,372.80 lakhs, resulting in a loss per share of Rs 8.67. Operating profit also turned negative at a loss of Rs 888.39 lakhs, compared to a profit of Rs 432.79 lakhs a year ago. The statutory auditor, V.S. Somani & Co., issued a clean limited review report with no modified opinion on both standalone and consolidated results. The filing also notes a pending merger scheme awaiting NCLT approval, with the creditors and shareholders meeting scheduled for August 12, 2025.
The sharp year-on-year revenue decline and steep swing into a sizeable quarterly loss are clearly negative for shareholders and could weigh on the stock in the near term. Investors should also watch the outcome of the NCLT-convened meeting on August 12, 2025 for the proposed merger, which could be a material catalyst.