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Stainless steel manufacturer Mangalam Worldwide Ltd reported a 52 per cent year-on-year rise in consolidated net profit at Rs 10.53 crore for the quarter ended 30 September 2025. The company achieved this growth through higher sales volumes, better realisations, and a strong demand for stainless steel products across multiple sectors.

During the quarter, revenue from operations rose to Rs 413.75 crore, compared with Rs 363.28 crore in the same period last year. This increase reflected steady demand from both domestic and export markets. Moreover, the company improved margins across its stainless steel and alloy divisions, showing operational efficiency and strong cost management.

Mangalam said the results highlight its resilience despite market challenges. It added that demand recovery, cost control, and operational efficiency supported the strong performance. The company focused on sustainable growth while maintaining product quality and customer confidence. The management also said it continues monitoring market trends closely to anticipate changes in stainless-steel demand.

Additionally, net profit grew 18 per cent quarter-on-quarter, indicating continued momentum from the previous quarter. Mangalam benefited from stable raw material prices and efficient inventory management. However, global price volatility still poses challenges for the stainless-steel industry, especially in export markets.

The Ahmedabad-based firm expanded its stainless-steel product portfolio to meet diverse industrial needs. It recently enhanced offerings in value-added stainless steel products and automotive grade alloys, aiming to increase export contributions. Furthermore, Mangalam is investing in capacity expansion to meet future demand, ensure supply reliability, and strengthen its long-term market position.

The management expects stronger stainless-steel demand in the second half of the financial year. It believes infrastructure, construction, and engineering sectors will drive consumption growth. The company plans to improve operational efficiency while promoting sustainability initiatives and adopting new technologies in stainless steel production.

As India’s stainless steel demand rises steadily, Mangalam Worldwide aims to strengthen its market position through innovation, cost-effective production, and quality stainless-steel solutions, ensuring customers receive reliable and durable products.