MWMangalam Worldwide544764Quarterly results

Board approves Q2/H1 FY27 unaudited results; NSE returns amalgamation and warrant applications

Board meet (Oct 15, 2026) approved the standalone and consolidated unaudited results for Q2/H1 FY27; the auditors' limited review found nothing indicating a material misstatement.

By ScoutQuest · Thu 15 Oct 2026, 7:04 PM IST · 4 min read

Total Income YoY Growth

+13.4% (Year ago 31,851.92)

Profit After Tax YoY Growth

+31.3% (Latest 1,382.94, Year ago 1,052.99)

Period

Quarter ended 30-Sep-2026

Board meeting outcome

The Board of Directors met on October 15, 2026 and approved and adopted the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026. The meeting ran from 4:00 p.m. to 6:30 p.m.

Auditor's limited review

• The statutory auditors issued a limited review report on the standalone unaudited results. A review gives moderate assurance and is not a full audit opinion.
• Their conclusion: nothing has come to their attention that causes them to believe the statement is not in accordance with the applicable Indian Accounting Standards or contains any material misstatement.

Standalone results (₹ in Lakhs)

• Revenue from Operations for the quarter ended September 30, 2026 was 36,039.97, against 31,711.03 for the quarter ended September 30, 2025.
• Total Income for the quarter was 36,105.66.
• Net Profit after tax for the quarter was 1,382.94, against 1,052.99 a year earlier.
• For the half year, Revenue from Operations was 67,661.62 and Net Profit after tax was 2,558.48, against 2,063.51 in the same half last year.
• Basic and diluted Earnings Per Share were 0.47 for the quarter and 0.87 for the half year.

Other items in the notes

• Debentures: NCDs aggregating to ₹100 crore were allotted in two tranches on a private placement basis. Tranche I: 50,000 NCDs of face value ₹10,000 each aggregating to ₹50 crore, allotted on 17 March 2026, secured by mortgage over certain assets of the Company, hypothecation over the Property, Plant and Equipment of Mangalam Saarloh Private Limited (MSPL) and pledge over certain equity shares of the Company held by its promoters. Tranche II: 5,000 NCDs of face value ₹1,00,000 each aggregating to ₹50 crore, allotted on 28 April 2026, secured by mortgage over certain assets of Mr. Chanakya Prakash Mangal and pledge over certain equity shares of the Company held by Mr. Vipin Prakash Mangal.
• The NCDs are rated 'ACUITE A+' with a Stable Outlook; the proceeds of both tranches have been fully utilised and there is no material deviation from the stated objects.
• Amalgamation: the scheme for amalgamation of MSPL into the Company was considered and approved by the Board on 25 April 2023 and is subject to statutory approvals. On amalgamation, the shareholders of MSPL will get 245 equity shares of the Company in exchange for every 100 equity shares of MSPL. NSE, by its letter dated 17 September 2026, returned the Company's application for in-principle approval/no-objection.
• Convertible warrants: the proposal is for 44,00,000 convertible warrants at an issue price of ₹125.40 per warrant, convertible into an equivalent number of fully paid-up equity shares of face value ₹10 each (prior to sub-division) at a premium of ₹115.40 per share, backed by a special resolution passed on 16 March 2024. NSE, by its letter dated 17 September 2026, returned the application for in-principle approval.
• Share split: equity shares of face value ₹10 each were subdivided into shares of Re.1 each, effective 10 July 2026, and earnings per share for all periods shown has been restated accordingly.
• Investor complaints: NIL pending at the start of the quarter, NIL received during the quarter ended September 30, 2026, NIL disposed and NIL unresolved at the end.

Leverage and coverage indicators (standalone)

• Debt-Equity Ratio was 1.19 times as at September 30, 2026, against 0.81 times as at March 31, 2026.
• Net Worth was 32,326.68 (₹ in Lakhs).
• Operating Margin Ratio was 10.16% and Net Profit Margin Ratio 3.84% for the quarter, against 7.06% and 4.14% for the year ended March 31, 2026.
• Security cover was 1.81 times for the quarter ended September 2026, against 1.63 times for the previous quarter.

What a retail reader can take away

• The results were adopted with a clean limited review conclusion, and Net Profit after tax for the half year is higher than in the same half of the previous year.
• Two applications to the exchange for in-principle approval, one linked to the amalgamation and one to the convertible warrants, have been returned.
• The company's Debt-Equity Ratio is higher than at March 31, 2026, and certain equity shares stand pledged as security for the debentures, as stated in the update.

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