Financial Results of the Company for the quarter and year ended 31st March 2026
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McNally Bharat Engineering Company reported annual revenue of Rs. 7,315.35 Lakhs for FY26, down 30% from Rs. 10,492.36 Lakhs in FY25. The company achieved a net profit of Rs. 3,45,219.73 Lakhs compared to a loss of Rs. 1,71,608.57 Lakhs in the previous year, primarily due to exceptional income of Rs. 3,89,143.73 Lakhs from the Resolution Plan implementation. The quarterly loss for Q4 FY26 was Rs. 6,649.32 Lakhs. The company completed its Corporate Insolvency Resolution Process under IBC, with the Resolution Plan fully implemented resulting in 95% share capital cancellation and fresh issuance to the new SPV (Mandal Vyapar Private Limited holds 90%). Borrowings were drastically reduced from Rs. 3,09,423.86 Lakhs to Rs. 9,483.95 Lakhs. The CFO resigned effective 30th May 2026 and was replaced effective 1st June 2026.
The company has emerged from insolvency with significantly reduced debt and positive reserves, but operational revenue continues to decline. The large profit is primarily due to debt write-offs under the Resolution Plan rather than operational improvement, and the quarterly loss indicates ongoing operational challenges.