India's Mangal Electrical drops on Q1 profit fall

Mangal Electrical Industries

17/09/2025 06:14

** Shares of recently listed Mangal Electrical Industries MNGE.NS falls 7% to a record low of 500 rupees

** Transformer maker's Q1 profit drops 31.5% Y/Y, hurt by price volatility and softer demand; rev down 21.6%

** Stock down 10% since its debut in August-end

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))