Mangalam Global Enterprises is conducting a board meeting today, January 13, 2025, to consider a stock split and other business matters. The trading window is closed in compliance with regulations.
Mangalam Global Enterprises previously implemented a 1:5 stock split on June 16, 2022, and declared two dividends: ₹0.02 on May 15, 2023, and ₹1 on April 29, 2022.
The company has a history of rewarding its shareholders with dividends. On May 15, 2023, the company announced a final dividend of ₹0.02 per share, which was ex-dividend on August 8, 2023.
Before that, the company declared a final dividend of ₹1 per share on April 29, 2022, with an ex-dividend date of July 14, 2022. These dividends reflect the company’s commitment to providing returns to its investors.
Mangalam Global Enterprises has reported its Q2 results for the fiscal year 2024, showing a mixed performance compared to both the previous quarter and the same period last year. Total revenue for the quarter stood at ₹562.62 crores, marking a decline of 17.26% from ₹679.97 crores in June 2024.
However, on a year-on-year basis, the company witnessed a robust growth of 27.75%. Operating expenses were reduced by 17.74% compared to the previous quarter, totalling ₹550.81 crores, which helped boost the operating income by 13.79% to ₹11.81 crores.
Net income for Q2 FY24 decreased by 7.36%, reaching ₹5.57 crores compared to ₹6.01 crores in the previous quarter, but showed a remarkable 488.24% increase when compared to the same period last year.
Mangalam Global Enterprise’s share price traded 6.92% lower at ₹26.63 at 1:30 PM on the NSE. The stock opened at ₹28.31, down from its previous close of ₹28.61.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 13, 2025, 2:30 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
