Mangalam Worldwide Q1 FY27: consolidated PAT up 18.7% YoY to ₹12.02 Cr, revenue +14.7%
PAT +18.71% YoY · revenue +14.69% · margins expanding
₹316.22 Cr
+14.69% YoY
₹12.02 Cr
+18.71% YoY
3.79%
₹4.01
Mangalam Worldwide's consolidated (primary) net profit for the period rose 18.7% YoY to ₹12.02 Cr — matching management's own release — on revenue from operations up 14.7% YoY to ₹316.22 Cr. Net profit margin was essentially flat YoY, edging up to 3.80% from an implied 3.67% in Q1 FY26, even as finance costs jumped 86.8% YoY to ₹13.88 Cr (from ₹7.43 Cr) after the Company raised ₹100 Cr via two secured NCD tranches (Feb 2026 and Apr 2026); this pushed the consolidated debt-equity ratio to 1.09x from 0.77x at FY26-end and cut interest service coverage to 2.25x from 3.01x. Standalone PAT of ₹11.76 Cr (+16.3% YoY) is directionally consistent — the roughly 2% gap versus the ₹12.02 Cr consolidated figure (from a small profitable subsidiary, Mangalam Saarloh, offset by a marginal loss at MWL Multicomm) is not material enough to tell a different story.
Q1 FY-2027 vs prior quarters
No year-ago quarter on record — YoY cells may be blank.
Sequentially, PAT fell 21.8% QoQ from ₹15.37 Cr in the audited Q4 FY26, and net margin compressed from 5.80% to 3.80%, driven by the same finance-cost step-up plus higher depreciation (₹3.11 Cr vs ₹2.55 Cr) as the solar capex base grew — even though revenue itself rose 19.3% QoQ. There is no consensus estimate or formal management guidance on record for this stock: a web search surfaced no analyst preview, and the filing carries no forward numerical outlook, so vsStreet and vsGuidance are both 'unknown' rather than assumed. Management's own framing calls the quarter 'steady progress' in its growth strategy, pointing to the newly commissioned 10.4 MW solar installation (taking captive solar capacity to 11.6 MW); that plant was commissioned July 13, 2026 — after this quarter closed — so any cost benefit will only appear from Q2 FY27. The quarter also saw the Company's BSE mainboard listing (May 27, 2026, alongside its existing NSE listing) and a 1:10 stock split effective July 10, 2026, both after quarter-end — this quarter's EPS of ₹3.96 (standalone) / ₹4.01 (consolidated) is still on the pre-split ₹10 face value.
The stock went into the print at ₹36.15, down 90.2% over the past month of trading.
W1
Interest service coverage fell to 2.25x (consolidated) from 3.01x in Q4 FY26 after the ₹100 Cr NCD raise — watch whether it stabilizes as proceeds are fully deployed.
W2
Power-cost benefit from the newly commissioned 11.6 MW solar capacity (fully online July 13, 2026) should start showing in Q2 FY27 opex/OPM.
W3
This quarter's 21.8% QoQ PAT decline (₹12.02 Cr vs ₹15.37 Cr) with no exceptional items on either side — check if Q2 FY27 reverses or extends the sequential margin compression.
No exceptional items in current or comparative periods (row IV blank throughout); consolidated PAT ₹12.02 Cr is total group profit before NCI split (owners ₹11.91 Cr, NCI ₹0.11 Cr from Mangalam Saarloh Pvt Ltd + MWL Multicomm); EPS is on pre-split ₹10 face value (1:10 split effective July 10, 2026, after quarter-end); figures converted from ₹ Lakhs (÷100).