M & B Engineering Limited has informed the Exchange about the Transcript of Earnings Call for the quarter ended 31st December, 2025
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M&B Engineering reported Q3 FY26 revenue of ₹352 crores, up 7% year-on-year, with the nine-month figure at ₹896 crores reflecting strong 33% YoY growth. Q3 EBITDA margin expanded to 12.4% from 10.2% YoY, and profit after tax grew 44% YoY to ₹25 crores. The unexecuted order book jumped 38% YoY to ₹1,059 crores, with Q3 order inflows surging 86% YoY to ₹480 crores, including their largest-ever single export order worth ₹212 crores from the United States. Export revenue for 9M FY26 more than doubled to ₹120 crores, with North America emerging as the key growth driver. Management reaffirmed FY26 guidance of approximately ₹1,250 crores in revenue and around 12.75% EBITDA margin, while indicating 'higher-teen' growth for FY27 and outlining a 3-4 year plan to scale PEB capacity to 3,00,000 tons across three plants, including a new facility planned in North India.
Strong order book growth, margin expansion, and a landmark US export order signal robust business momentum heading into FY27. The export-focused strategy and planned capacity expansion (third plant in North India) position the company for sustained growth, though US sectoral steel tariffs of 50% continue to cap export margins and domestic growth remains capacity-constrained at the Sanand facility until Q2 FY27.