Mangalam Global Q2 FY27 results: revenue up, profit down
MGEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.3 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone revenue rose to Rs 87,451 lakhs in Q2 FY27 versus Rs 61,663 lakhs YoY, growth of about 42 percent. H1 FY27 revenue reached Rs 1,67,267 lakhs versus Rs 1,41,004 lakhs. However standalone net profit fell to Rs 832 lakhs (Q2) and Rs 1,585 lakhs (H1) from Rs 1,773 lakhs and Rs 2,361 lakhs, hit by higher finance costs and lower exceptional items. Operating cash flow turned negative at Rs 543 lakhs standalone against positive Rs 2,008 lakhs earlier. Consolidated results showed similar trend with profit decline despite revenue growth. Board also approved 9 lakh ESOP grants.
Strong revenue growth is positive, but profit fall, higher finance costs and negative operating cash flow may weigh on sentiment. Watch margins.