StockWatch
·

MANGALAM CEMENT LTD.

BSE: 502157

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
465.82
-8.1%+0.7%
Expenditure
442.18
-6.5%+7.0%
Net Profit
18.07
-72.3%-44.0%
OPM %
11.73%
+4.95pp-4.91pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00144.54289.07433.61578.14Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Latest News
Board Meeting8 Aug, 4:20 pm

Mangalam Cement Q1 FY27: standalone PAT slumps 44% YoY as margins compress on flat revenue

Mangalam Cement's standalone Q1 FY27 (quarter ended June 30, 2026) revenue was ₹455.22 Cr, up just 0.77% YoY and down 7.18% QoQ. Net profit fell sharply to ₹18.07 Cr, down 43.98% YoY and 72.30% QoQ, with EPS at ₹6.57 versus ₹11.73 a year ago and ₹23.72 in Q4 FY26. Net profit margin contracted to 3.88% from 6.98% a year earlier (and versus 12.88% in Q4 FY26) — this is a profitability story, not a topline one, since revenue held roughly flat. Total expenses rose 7.0% YoY to ₹442.18 Cr against near-flat revenue. The single biggest driver was the Change in Inventories of Finished Goods and Work-in-Progress line, which swung from -₹20.20 Cr in Q1 FY26 (an inventory build that reduced reported costs) to +₹34.57 Cr in Q1 FY27 (an inventory drawdown that added to costs) — an adverse swing of roughly ₹54.8 Cr. Finance costs rose 10.7% YoY to ₹18.27 Cr and depreciation rose 9.5% YoY to ₹22.07 Cr. Notably, cost of materials consumed fell 21.4% YoY and power & fuel fell 5.6% YoY, so the margin squeeze was largely a working-capital/inventory and finance-cost effect rather than input-cost inflation on materials or fuel. The steeper QoQ profit decline needs a caveat: Q4 FY26's ₹65.23 Cr reported PAT was flattered by a one-off ₹58.40 Cr deferred-tax credit, even though that quarter's PBT (after a ₹20.73 Cr exceptional charge) was only ₹13.04 Cr — so the QoQ comparison overstates the sequential deterioration. Management gives no formal guidance on record, and no analyst consensus or street estimate specific to Mangalam Cement could be located for this quarter — small-cap cement names outside the JK Cement/JSW Cement/UltraTech tier get little dedicated coverage — so vsStreet is unknown. Sector-wide, brokerage previews flagged healthy Q1 FY27 cement volume growth (roughly 5-8% YoY) alongside margin pressure from rising petcoke costs; Mangalam's own revenue growth of under 1% YoY lagged that sector volume narrative even as it avoided the worst of the fuel-cost spike, since power & fuel costs actually declined YoY. With zero exceptional items this quarter, Q1 FY27 offers a cleaner base after two consecutive quarters (Q4 FY26 and FY26 full year) carrying Petcoke-advance-provision and labour-code exceptional charges. The concrete forward lever is the 15.17 MW captive solar plant, which commenced power supply on August 6, 2026 — just after quarter-end — against power & fuel costs that still ran at ₹103.71 Cr (about 22.8% of revenue) in Q1 FY27.

8 Aug 2026, 04:20 pm

Corporate Events

Board MeetingMANGLMCEM
2026
21Aug

Board Meeting

The 50th AGM of the Company is scheduled to be held on Frida…

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2026
14Aug

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Board MeetingMANGLMCEM
2026
8Aug

Board Meeting

The Board of Directors will consider and approve the Un-audi…

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Board MeetingMANGLMCEM
2026
16May

Board Meeting

The Board of Directors meeting was held on May 16, 2026. Th…

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2026
6Feb

Board Meeting

Consider and approve the Un-audited Standalone Financial Res…

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2025
8Nov

Board Meeting

Board Meeting intimation, Consider and approve Un-audited St…

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DividendMANGLMCEM
2025
15Aug

₹1.5 / share

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Board MeetingMANGLMCEM
2025
8Aug

Board Meeting

Consider and approve Un-audited Financial Results

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Board MeetingMANGLMCEM
2025
10May

Board Meeting

Consider and approve the audited Standalone Financial Result…

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Board MeetingMANGLMCEM
2025
6Feb

Board Meeting

consider and approve The Unaudited Financial Results

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Board MeetingMANGLMCEM
2024
14Nov

Board Meeting

Consider and approve the Unaudited Standalone Financial Resu…

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2024
19Jul

₹1.5 / share

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Board MeetingMANGLMCEM
2024
27Jan

Board Meeting

To consider and approve the Unaudited Standalone Financial R…

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Board MeetingMANGLMCEM
2023
8Aug

Board Meeting

To consider and approve un-audited standalone financial resu…

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