Mangal Electrical Industries Limited has announced its audited financial results for the quarter ended March 31, 2026, showcasing a strong top-line performance. The company reported a total revenue from operations of ₹179.42 Crores for the current quarter, representing a sequential increase of 14.81% from ₹156.27 Crores in the previous quarter and a year-on-year growth of 17.24% compared to ₹153.03 Crores in the corresponding quarter of the previous year. However, the net profit for the quarter stood at ₹12.75 Crores, reflecting a decline of 4.75% from ₹13.39 Crores in the December 2025 quarter and a decrease of 8.47% from ₹13.93 Crores reported in the same period last year. This dip in profitability comes despite a significant surge in revenue, primarily driven by a massive increase in EPC contract revenue to ₹27.83 Crores during the quarter.

Mangal Electrical Industries Limited, a Jaipur-based entity incorporated in 2008, is a specialized manufacturer of transformer components, including laminations, CRGO slit coils, amorphous cores, and oil-immersed circuit breakers. The company also provides comprehensive Engineering, Procurement, and Construction (EPC) services for electrical substations and holds a strategic position in India’s power infrastructure sector with approvals from major entities like PGCIL and NTPC. In a landmark move during 2025, the company successfully launched its ₹400 crore Initial Public Offering (IPO) in August, which was oversubscribed by 9.45 times. The IPO’s anchor round attracted significant interest from famous institutional investors, including Sunil Singhania’s Abakkus Diversified Alpha Funds, Societe Generale, and LC Pharos Multi Strategy Fund. During the same year, the company expanded its global footprint by exporting transformer components to markets including the USA, Italy, and the UAE, while also securing PGCIL approval renewal for 765 KV class transformer processing.