We hereby inform you that the Board of Directors of the Company, at its meeting held today i.e. Friday, May 29, 2026, inter alia, considered and approved the following: a) Audited Standalone ....
MANORG · price
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Mangalam Organics Limited reported strong FY2026 results with standalone revenue growing 22% to Rs 500.85 crore and consolidated revenue up 17% to Rs 622.57 crore. Standalone PAT surged 75% to Rs 13.27 crore while consolidated PAT doubled to Rs 24.88 crore. However, the company faced significant headwinds: a major fire at its camphor division in July 2025 led to reversal of Rs 20.17 crore insurance claim income in Q4 as insurers have not confirmed settlement. Additionally, Rs 5.50 crore in inter-corporate loans to two wholly-owned subsidiaries (Mangalam Pooja Stores and Mangalam Speciality Chemicals) were written off as bad debts due to their non-operational status. Auditors NGST & Associates issued an unmodified opinion on both standalone and consolidated results.
Revenue and profit growth are positive, but the fire incident recovery uncertainty and subsidiary loan write-offs of Rs 5.50 crore could weigh on investor sentiment despite clean audit opinions.