Quarterly Result28 Jan 2026, 06:41 pm
Mangal Electrical Industries Reports Stable Performance in Q3 FY26, Despite CRGO Realisation Decline
AI Summary
Mangal Electrical Industries Limited has reported its unaudited financial results for the quarter and nine months ended December 31, 2025. The company delivered a stable performance in Q3 FY26, with flat revenue despite a ~20% decline (YoY) in CRGO realisation. Margins remained resilient, supported by disciplined cost management and a stable operating environment. The company is also progressing on capacity expansion, which positions it well for growth in the coming quarters.
Key Highlights
- Revenue growth of ~5% in Q3 FY26 compared to Q3 FY25
- CRGO volume growth of ~34% during Q3 FY26 compared to Q3 FY25
- CRGO prices remained stable during Q3 FY26 compared to Q2 FY26
- Capacity Expansion is in progress and expected to be completed by Q3 FY27
- New plant equipped to manufacture 132 kV / 100 MVA transformers