Mandeep Auto Industries Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Mandeep Auto Industries has announced a board meeting on 28th May 2025, approving the financial results for the quarter and half-year. Consolidated revenue stood at Rs. 32.22 Cr, with a profit after tax of Rs. 1.41 Cr. Despite higher material costs, EBITDA showed improvement. The company raised Rs. 25.25 Cr through an IPO, deploying most funds towards plant expansion, debt repayment, and working capital. Net debt dropped significantly while cash reserves increased to Rs. 2.37 Cr, signaling a stronger liquidity position.