M & B Engineering Limited has informed the Exchange about Transcript of Earnings Conference call for the quarter ended June, 2025 held on Monday, 25th August, 2025 at 4.00 PM.
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Awaiting price reaction for this filing.
M&B Engineering held its first post-IPO earnings call for Q1 FY2026. Revenue from operations grew 69% year-on-year to Rs. 237.65 crores, with PAT rising sharply from Rs. 6.94 crores to Rs. 17.95 crores. EBITDA margin expanded to 14.17% (from 11.62% a year ago), helped by US exports that earn 25–27% margins versus 10–11% in India. The order book stood at Rs. 843 crores as of July 1, 2025 (Phoenix PEB Rs. 634 cr, Proflex Rs. 209 cr), and management is targeting Rs. 1,200 crores of fresh order inflows in FY26. Management guided for over 25% topline growth in FY26 and stated confidence in further EBITDA margin improvement, supported by a 3x jump in US exports, new AISC/CWB certifications, and 40,000 tons of capacity additions at Sanand and Cheyyar over the next two years.
Strong Q1 print, a healthy order pipeline, and management guidance for continued margin expansion are positive for the stock, but investors should watch working capital (now 55 days vs. 32 days) and execution of US export ramp-up against US tariff risks.