| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | Revenue +25.4% YoY to ₹385 Cr; H1 +24.1%; order-execution driven. |
|---|---|
| Margins | EBITDA margin ~11.2% vs ~12.1% YoY; H1 gross margin ~32%. |
| Order book | ₹1,109 Cr, +19% YoY; Phoenix 79%, Proflex 21%; excludes post-Q2 wins. |
| Demand visibility | Inquiry pipeline strong; 2.5 lakh tons domestic and 40-50k tons export inquiries. |
| Management confidence | Balanced-to-optimistic; hedges margins with 'endeavour' and 'targeting' language. |
Growth
Revenue +25.4% YoY vs EBITDA +17.6%, implying ~90bp margin contraction; Proflex +37% led growth.
Outlook
Guides 20-25% FY27 revenue growth; 20%+ CAGR over 3-4 years; PEB capacity to 154,000 MT by Q3 FY28.
Risks
Freight and steel costs remain above costing; data-centre and high-rise order sizes undisclosed; H2 margin recovery unquantified.
Last quarter's promises, checked
Delivered
- Guided 25%+ growth → Q2 +25.4% (= BEAT)
Partly delivered
- Guided Sanand +20k MT by Oct-26 (72k→92k) → listed as new launch; commissioning timing unconfirmed (= PARTIAL)
- Guided ~₹100 Cr/month PEB intake → net order book +₹56 Cr QoQ (₹1,053→₹1,109 Cr); gross intake not disclosed (= PARTIAL)
Missed
- Guided FY27 >25% rev growth, ~₹1,600 Cr → H1 +24.1%, FY cut to 20–25% (= MISS)
- Guided margin improvement over 11–11.5% op. EBITDA → Q2 ~11.2% vs ~12.1% YoY (= MISS)
Earnings Call Transcript filed with NSE, NSE: MBEL. Summary written with AI assistance from the document.
M & B Engineering Ltd: key numbers
- Share price
- ₹290.35
- Market cap
- ₹1,660 Cr
- Revenue (annual)
- ₹1,260 Cr
- Net profit (annual)
- ₹92.64 Cr
- P/E (TTM)
- 16.0×Sector 17.2×
- Promoter holding
- 70.60%-0.01% QoQ
- FII holding
- 0.17%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from M & B Engineering Ltd
All →M & B Engineering Results Update
M&B Engineering reported its highest-ever quarterly revenue of ₹385 crore in Q2FY27. Net profit grew 32.8% to ₹29 crore, supported by an order book of ₹1,109 crore.
- PEB manufacturing capacity
- 124000.0 MTPA
M & B Engineering Investor Presentation: Key Takeaways
Record Q2FY27 consolidated revenue ₹385 cr (+25.4% YoY), PAT ₹29.5 cr (+32.8%), EBITDA margin 11.3%. Orders on hand ₹1,109 cr (+19%).
- Call
- Guides 25% growth
M & B Engineering Q2 FY27 Results: Net Profit ₹29.5 Cr, Up 32.9% YoY
M & B Engineering Ltd reported revenue from operations of ₹384.7 Cr (+25.4% YoY) and net profit of ₹29.5 Cr (+32.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹29.5 Cr · +32.9% YoY
M & B Engineering Board Meeting Date
M&B Engineering schedules a board meeting on 5 Nov 2026 to consider and approve unaudited financial results for Q1 and H1 FY27. No results or financial figures are disclosed in this intimation.
M & B Engineering Production Started
M&B Engineering commenced commercial production at Phase-I of its Sanand PEB facility, adding 20,000 MTPA. Total PEB capacity rises to 123,800 MTPA across Sanand and Cheyyar.
- PEB manufacturing capacity
- 20000 MTPA
M & B Engineering Employee Stock Options
M&B Engineering allotted 2,524 equity shares at ₹196.50 each under its ESOP 2024 plan. The allotment was approved via circular resolution on 21 October 2026.