Mangalam Worldwide profit jumps 68 pc, revenue by 21pc in June quarter
Total income of the company rose by more than 21 per cent to Rs 279.41 crore in the first quarter of FY2025-26 against Rs 230.21 crore in the year-ago period, the company said in a statement.
'The company has showcased robust growth powered by improved efficiencies and rising demand for stainless steel across key markets," Mangalam Worldwide Ltd Chairman Vipin Prakash Mangal said.
view comments
First Published:
August 02, 2025, 15:30 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
39 minutes ago
- Time of India
RBI finalises co-lending framework starting Jan 2026
Mumbai: RBI has come out with final co-lending rules for banks and non-banks which allow dual lending with a single KYC. The final norms mandate blended lending rates, irrevocable funding commitments, and escrow-based cashflow distribution, while keeping first loss default guarantee. These, along with capital impacts and lower returns, could make co-lending less attractive for originators. A 15-day loan transfer deadline may also drive lenders toward simpler direct assignment deals, ICRA said. The framework will become effective Jan 1, 2026. Credit enhancement for bonds RBI's norms on non-fund credit have allowed banks, financial institutions and NBFCs to offer partial credit enhancement to make certain types of bonds safer for investors. This facility can be extended to bonds issued by registered entities-municipal corporations, companies or special-purpose vehicles-for funding any type of project by large, non-deposit-taking NBFCs with assets of Rs 1,000 crore or more, subject to specified conditions. Call rate as policy anchor An RBI panel has recommended keeping the weighted average call rate as the main monetary policy target. It suggested ending 14-day variable rate repo and reverse repo (VRR/VRRR) auctions as the main liquidity tool, replacing them with 7-day operations and flexible terms up to 14 days when needed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Signs That A Heart Attack Is Imminent Learn It Wise Undo The RBI should usually give at least a day's notice for such actions, but can act the same day in special cases. Variable rate auctions will continue for all repo and reverse repo operations, including longer tenors. Existing liquidity management tools are considered sufficient, and the daily minimum CRR requirement will stay at 90% of the set level. Stay informed with the latest business news, updates on bank holidays and public holidays .
News18
an hour ago
- News18
Trump Doubles Tariffs On India To 50% Over Russian Oil Purchase, But Is Trade War Over?
President Donald Trump has doubled tariffs on Indian imports to 50%, citing New Delhi's continued purchase of Russian oil. As tensions escalate, how will India respond? Can New Delhi afford to retaliate? What could this mean for the global economy, energy markets, and trade relations? News18 Mobile App -
Time of India
an hour ago
- Time of India
EID Parry narrows loss to 28cr in Q1
CHENNAI: Sugar manufacturer EID Parry on Wednesday narrowed standalone loss at Rs 28 crore in quarter ended June 30, 2025. The company, which is part of Murugappa group, reported a loss of Rs 79 crore in corresponding quarter last year. Muthiah Murugappan, CEO, EID Parry said, revenue from sugar segment for Q1 was at Rs 347 crore against Rs 404 crore in same quarter of last year, registering a de-growth of 14% due to lower release quota. Stay informed with the latest business news, updates on bank holidays and public holidays.
