Revised Media release on the unaudited Standalone Financial Results of the Company for the quarter ended 30th June 2025
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Awaiting price reaction for this filing.
Expo Engineering & Projects, a heavy engineering company making pressure vessels and process plant equipment, reported its Q1FY26 results. Revenue from operations was largely flat at ₹17.85 crore versus ₹17.71 crore in Q1FY25, a growth of less than 1%. However, profitability improved sharply: EBITDA rose 37% YoY to ₹1.91 crore with margins expanding 280 basis points to 10.7%, driven by better working capital management and cost optimisation. Profit after tax surged 263% YoY to ₹1.04 crore, with PAT margin rising to 5.8% from 1.6%, supported by lower finance costs. The company also won new orders worth about ₹37.66 crore from Indian Oil Corporation (₹26.10 crore) and Reliance Industries (₹11.56 crore) during the quarter.
Modest top-line growth is a concern, but a strong jump in profitability and fresh orders from IOCL and Reliance provide decent earnings visibility. Near-term stock reaction may depend on whether the improved margins sustain in coming quarters as the order book gets executed.