Mangal Electrical Industries Limited (MEIL) today reported its unaudited financial results for the quarter and half year ended September 30th, 2026. The company witnessed a robust financial performance with a 30% increase in revenue and an improved PAT margin for Q2 FY27.

Financial Performance Snapshot

The company’s revenue from operations for Q2 FY27 was ₹168.6 Cr, up from ₹125.8 Cr in Q1 FY27 and ₹154.3 Cr in Q2 FY26. The EBITDA margin also improved to 9.2% from 8.8% in the previous quarter. The PAT margin stood at 6.5%, up from 6.0% in Q1 FY27.

Volume Growth and Market Stabilization

Commenting on the performance, Mr. Rahul Mangal (Managing Director) stated: “Q2 FY27 witnessed strong volume momentum in our CRGO business, with volumes growing 63% YoY, while sequential improvement in realizations provides early signs of market stabilization.”

Future Outlook

The company plans to ramp up capacity utilization to support sustained 25-30% annual volume growth over the next three years. Additionally, MEIL is setting up a radiator manufacturing facility by H1 FY28, involving a capex of ~₹25 Crs. The company is also exploring international markets to expand its export operations.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mangal Electrical Industries Limited

Mangal Electrical Industries Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.

Mangal moves sideways over three months, with neither buyers nor sellers taking control. Thin margins at 7.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The business compounds revenue at 17.8% and profits at 20.4% CAGR. That is strong double-digit growth on both counts. The stock gains 4.3% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 17.8% and profits at 20.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 5.9% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Mangal Electrical Industries Limited.

Atlanta Electricals Limited (NSE: ATLANTAELE), among India’s leading transformer manufacturers, today announced its unaudited consolidated financial results for the quarter ended 30th September 2026. The company reported a robust performance with 23.1% revenue growth and 28.0% PAT growth in Q2 FY27 despite facing near-term operational headwinds.

Performance Overview

Revenue from operations for Q2 FY27 grew 23.1% year-on-year to ₹390.1 crore, compared to ₹317.0 crore in Q2 FY26, driven by continued demand across transmission & distribution, renewable energy and industrial applications. EBITDA for Q2 FY27 increased 8.8% to ₹59.6 crore, with an EBITDA margin of 15.3%, reflecting a contraction of 201 bps year-on-year. Profitability was impacted by elevated commodity prices, particularly on certain firm-price contracts, coupled with temporary production and dispatch disruptions. PAT grew 28.0% to ₹32.1 crore.

H1 FY27 Performance

For H1 FY27, revenue from operations grew 35.5% year-on-year to ₹856.4 crore, EBITDA increased 32.0% to ₹136.7 crore, and PAT rising 40.4% to ₹79.0 crore, reflecting continued business momentum despite near-term operating challenges.

Key Business Updates

The Company’s order book stood at ₹3,196.97 crore as of 30th September 2026, supported by a healthy enquiry pipeline of ₹19,464 crore. During Q2 FY27, the Company also secured a ₹193.92 crore Letter of Intent from APTRANSCO for the supply of 12 units of 160 MVA, 220/132 kV Auto Transformers, strengthening its position in the high-capacity transformer segment.

The Company expects to complete the remaining deliveries during Q3 FY27. Mr. Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited, said, ‘We have delivered a resilient performance during Q2 FY27 despite a challenging operating environment. With operations having normalized and customer dispatches resuming, we expect execution momentum to improve in the second half of the financial year.’

With a robust order pipeline and expanding manufacturing capabilities, Atlanta Electricals Limited remains well-positioned to capitalize on these opportunities and deliver sustainable long-term growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Atlanta Electricals Limited

Atlanta Electricals Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.

Atlanta holds in the upper half of its 52-week range, a sign the market backs the stock. Revenue grows at 28.1% and profits at 32.1% CAGR. Both numbers are exceptional. The PEG of 0.92 signals undervaluation relative to growth. It is a potential re-rating candidate. The stock gains 2.4% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Both the business and the stock move in the right direction. Revenue grows at 28.1%, profits at 32.1%, and the PEG sits at 0.92 — below its growth rate. That combination is rare. Check Fundamentals of Atlanta Electricals Limited.

Eveready Industries India Limited (NSE: EVEREADY) announced its unaudited financial results for the quarter and half year ended 30th September 2026, marking its eighth consecutive quarter of YoY revenue growth. The company reported consolidated revenue from operations at INR 428.2 crore, registering a growth of 10.7% compared to INR 386.8 crore in Q2 FY26. EBITDA stood at INR 53.8 crore with a stable EBITDA margin of 12.6%, despite higher zinc prices and other inflationary pressures.

Battery Segment Growth

The battery segment saw an overall growth of 9.1% in value, driven by a strong momentum in the alkaline batteries segment, which grew in value by 36.5% and in volume by 30.0%. The Jammu alkaline facility, which commenced commercial production in May 2026, supports the company’s manufacturing localization plans and the growth of its alkaline battery portfolio.

Product Development and Market Expansion

Eveready has launched several new products including SHOR, India’s only torch with an animal alarm for farm protection, and the Xtra Bright emergency LED bulb, which offers double the brightness during power cuts. The company’s focus remains on strengthening the product portfolio, expanding market presence, and driving sustainable growth.

Anirban Banerjee, Chief Executive Officer, stated, ‘Our eighth consecutive quarter of revenue growth reflects the strength of the business and gives us confidence in sustaining this progress.’ Bibek Agarwala, Executive Director & Chief Financial Officer, added, ‘We remain focused on profitable growth, disciplined working capital management, and strengthening the balance sheet.’

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Eveready Industries India Limited

Eveready Industries India Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.

Eveready moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.16 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 2.9% CAGR. The company generates cash but does not compound aggressively. The stock holds at 46% of its 52-week range with RSI at 44. In other words, neither side has a clear edge right now. Revenue grows at 2.9% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Eveready Industries India Limited.