New Delhi, April 30 -- Shares of Mangalam Worldwide, a leading fully integrated stainless-steel manufacturer, closed Thursday's session, 30 April, 9.33% higher at Rs.351 apiece, defying broader market weakness as investors cheered the company's strong March quarter performance.

The company reported a robust performance for March ending quarter, with net profit rising to Rs.15.38 crore from Rs.8.48 crore in the year ago quarter, marking a sharp 81.2% year-on-year increase.

Revenue from operations stood at Rs.264.95 crore, compared with Rs.324.04 crore in the same quarter last year, while total income came in at Rs.266.51 crore versus Rs.324.56 crore a year ago.

Meanwhile, total expenses declined to Rs.250.13 crore from Rs.318.07 crore l...