{"id":37135,"date":"2023-10-18T07:10:01","date_gmt":"2023-10-18T07:10:01","guid":{"rendered":"https:\/\/northwestnewstimes.com\/index.php\/2023\/10\/18\/mangalam-worldwide-42-54-revenue-growth-doubled-ebitda-margin\/"},"modified":"2023-10-18T07:10:01","modified_gmt":"2023-10-18T07:10:01","slug":"mangalam-worldwide-42-54-revenue-growth-doubled-ebitda-margin","status":"publish","type":"post","link":"https:\/\/northwestnewstimes.com\/index.php\/2023\/10\/18\/mangalam-worldwide-42-54-revenue-growth-doubled-ebitda-margin\/","title":{"rendered":"Mangalam Worldwide 42.54% Revenue Growth, Doubled EBITDA Margin"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/northwestnewstimes.com\/wp-content\/uploads\/2023\/10\/1-42.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<p><strong>New Delhi (India), October 18<\/strong>: Mangalam Worldwide Limited\u00a0(NSE: MWL),\u00a0is a fully integrated\u00a0stainless steelmill starting from scrap melting\u00a0upto\u00a0manufacturing seamless pipes &amp; tubes\u00a0based in\u00a0Gujarat\u00a0reported unaudited\u00a0Financial Results for the H1 FY24.<\/p>\n<p>Key Financial Highlights\u00a0(Consolidated):<\/p>\n<p>H1 FY24:<\/p>\n<p>\u2022\u00a0Total Revenues amounted to\u00a0\u20b9\u00a0401.56 crore, YoY growth of 42.54%.<\/p>\n<p>\u2022\u00a0EBITDA of\u00a0\u20b9\u00a017.30 crore, YoY growth of 194.80%<\/p>\n<p>\u2022\u00a0EBITDA Margin of 4.31%, YoY growth of 223 Bps<\/p>\n<p>\u2022\u00a0Profit After Tax of\u00a0\u20b9\u00a07.51 crore, YoY growth of 26.62%<\/p>\n<p>\u2022\u00a0EPS Of\u00a0\u20b9\u00a03.06, YoY growth of 8.51%<\/p>\n<p>Speaking on the occasion\u00a0Mr. Chandragupt Prakash Mangal, Managing Director of Mangalam Worldwide Limited\u00a0said \u2013\u00a0\u201cWe are delighted to share the positive developments in Mangalam Worldwide Limited for the first half of the FY24. Our company has made significant strides, driven by a combination of factors, including a strong demand for our steel products and our relentless focus on operational efficiency.<\/p>\n<p>An integral part of our success story is our commitment to an in-house, vertically integrated production process for stainless steel. By making efficient use of materials and minimizing waste through recycling.<\/p>\n<p>Our steel products have continued to enjoy robust demand, reflecting the trust our clients place in the quality we consistently offer. This unwavering client confidence has not only sustained our operations but has also set the stage for a promising second half of the fiscal year.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<p>&#013;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), October 18: Mangalam Worldwide Limited\u00a0(NSE: MWL),\u00a0is a fully integrated\u00a0stainless steelmill starting from scrap melting\u00a0upto\u00a0manufacturing seamless pipes &amp; tubes\u00a0based in\u00a0Gujarat\u00a0reported unaudited\u00a0Financial Results for the H1 FY24. Key Financial Highlights\u00a0(Consolidated): H1 FY24: \u2022\u00a0Total Revenues amounted to\u00a0\u20b9\u00a0401.56 crore, YoY growth of 42.54%. \u2022\u00a0EBITDA of\u00a0\u20b9\u00a017.30 crore, YoY growth of 194.80% \u2022\u00a0EBITDA Margin of 4.31%, YoY growth [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[1343],"class_list":["post-37135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-business"],"_links":{"self":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/37135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=37135"}],"version-history":[{"count":0,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/37135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media\/37136"}],"wp:attachment":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=37135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=37135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=37135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}