Mangalam Global Enterprise LimitedQ2 FY27 Results & Financial Update
Mangalam Global Enterprise Limited: Q2 FY27 consolidated results and company financials – revenue ₹982.56 Cr, PAT ₹9.25 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Mangalam Global Enterprise price & chart
Market price₹17.03
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Mangalam Global Enterprise Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Mangalam Global Enterprise Limited reported consolidated revenue from operations of ₹982.56 crore for the quarter ended September 30, 2026, accompanied by total income of ₹983.13 crore.
Company disclosures in related earnings communications note that quarterly revenue from operations expanded by 39.21% compared with ₹705.80 crore in the corresponding period of the previous financial year.
Company press releases also highlight a 41.85% year-on-year increase in profit before tax from ₹8.65 crore reported in Q2 FY26, alongside adjusted EBITDA reaching ₹23.10 crore.
Financial performance for the quarter was underpinned by sustained operational activity across the company's agricultural value chain, export execution in castor oil, wheat, and rice, and the ongoing rollout of value-added consumer wellness offerings.
Management commentary emphasizes continued strategic emphasis on operational efficiency, export expansion, and scaling the direct-to-consumer wellness footprint to capture evolving urban retail demand.
Mangalam Global Enterprise Limited recorded consolidated revenue from operations of ₹982.56 crore for the quarter ended September 30, 2026 (Q2 FY27). According to the company's earnings press release, this represented a 39.21% year-on-year expansion compared to ₹705.80 crore reported in the corresponding quarter of the previous fiscal year.
01 · Business model
What does Mangalam Global Enterprise do?
Mangalam Global Enterprise Limited operates as an integrated agro-processing enterprise with activities spanning agricultural commodity sourcing, processing, manufacturing, branding, and distribution across key product categories including castor oil, wheat, and rice.
The company serves as the flagship entity of the Mangalam Group, carrying forward a business heritage originating in 1942 while expanding its commercial footprint into value-added segments and export markets.
Alongside its core agro-industrial activities, MGEL participates in the consumer wellness and nutraceuticals market through its direct-to-consumer brand, NEAT Everyday, offering plant-based and science-backed wellness solutions.
The NEAT Everyday division markets a diversified product range comprising cold-pressed Nutra and Vital oils, health supplements, gummies, Ayurvedic formulations, and personal care items supported by physical retail presences across Mumbai, Ahmedabad, and Indore.
02 · Historical context
What shaped the business before this quarter
The enterprise builds upon the Mangalam Group's operational legacy dating back to its establishment in 1942.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q2 FY27 |
|---|---|
| Revenue from operations | ₹982.56 Cr |
| Total income | ₹983.13 Cr |
| Profit before tax | ₹12.27 Cr |
| Profit after tax | ₹9.25 Cr |
| EPS | ₹0.28 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 0.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 1.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.57 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue generation was driven by scaled sourcing, processing, and export execution across primary agricultural product lines including castor oil, wheat, and rice.
The company derived supplementary commercial momentum from retail distribution and brand building through its NEAT Everyday direct-to-consumer division.
What drove margins
The company reported an adjusted EBITDA margin of 2.35% for Q2 FY27, maintaining a level comparable to the 2.36% margin recorded in Q2 FY26.
Operating profitability was moderated by finance costs of ₹9.36 crore and provisions of ₹1.59 crore incurred during the quarterly processing cycle.
The company reported an adjusted EBITDA of ₹23.10 crore for Q2 FY27, up 38.57% from ₹16.67 crore in Q2 FY26, maintaining an adjusted EBITDA margin of 2.35% compared to 2.36% in the year-ago period.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The traditional processing segment maintained its core focus on castor oil extraction, edible oils, and food grains like wheat and rice.
The consumer wellness portfolio progressed with offerings spanning cold-pressed oils, nutraceutical supplements, gummies, Ayurvedic formulations, and personal care goods.
Geography and market mix
The NEAT Everyday brand established physical retail presence and consumer engagement channels across Mumbai, Ahmedabad, and Indore.
International trade activities continued to target key overseas markets for processed castor oil and agricultural commodities.
06 · Strategy & new businesses
How the company is trying to change its growth mix
Management continued to develop the NEAT Everyday brand to target clean-label, plant-based, and science-backed everyday wellness categories.
The company is actively scaling its consumer wellness portfolio through NEAT Everyday to address evolving everyday wellness and self-care consumer needs alongside its core agro-processing business.
07 · Reported developments
What changed operationally
Profit before tax grew to ₹12.27 crore, supported by higher revenue volumes across core processing and export verticals.
Q2 FY27 PBT expanded by 41.85% year-on-year to ₹12.27 crore, while revenue from operations grew 39.21% year-on-year to ₹982.56 crore.
08 · Items worth noticing
The line items that can distort a quick read
The financial results reflect provisions amounting to ₹1.59 crore recognized during the quarter.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Executive Commentary on Strategy
Chairman Vipin Mangal noted that Q2 FY27 results reflect steady business performance amid evolving market conditions, with continued emphasis on operational efficiencies and value-added portfolio expansion.
10 · Key Q&A
The quarter, answered directly
What does Mangalam Global Enterprise do?
Mangalam Global Enterprise Limited operates as an integrated agro-processing enterprise with activities spanning agricultural commodity sourcing, processing, manufacturing, branding, and distribution across key product categories including castor oil, wheat, and rice.
What is the clearest takeaway from Q2 FY27?
Mangalam Global Enterprise Limited reported consolidated revenue from operations of ₹982.56 crore for the quarter ended September 30, 2026, accompanied by total income of ₹983.13 crore.
What drove revenue or demand?
Revenue generation was driven by scaled sourcing, processing, and export execution across primary agricultural product lines including castor oil, wheat, and rice.
What mattered most for margins or profitability?
The company reported an adjusted EBITDA margin of 2.35% for Q2 FY27, maintaining a level comparable to the 2.36% margin recorded in Q2 FY26.
What changed operationally beyond the headline numbers?
Management continued to develop the NEAT Everyday brand to target clean-label, plant-based, and science-backed everyday wellness categories.
What should the next disclosure help confirm?
Monitor subsequent quarterly disclosures for export demand trends in castor oil, wheat, and rice.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Export Volume Trajectory: Monitor subsequent quarterly disclosures for export demand trends in castor oil, wheat, and rice.
- 02
Wellness Segment Scaling: Track the geographical expansion and retail penetration milestones of the NEAT Everyday direct-to-consumer brand.
- 03
Segment Scaling: Monitor the ongoing retail footprint expansion and product line adoption of the NEAT Everyday wellness brand across urban centers.
- 04
Core Export Execution: Observe the performance and export volumes of core agro-commodity categories including castor oil, wheat, and rice in subsequent quarters.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.