M & B Engineering Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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M&B Engineering reported strong full-year FY26 results with consolidated revenue growing 27.4% to Rs. 1,25,972.19 lakhs from Rs. 98,855.43 lakhs in FY25. Profit after tax rose 20.2% to Rs. 9,263.58 lakhs versus Rs. 7,704.75 lakhs previously. The company completed its IPO in August 2025 raising Rs. 2,750 crores (net Rs. 2,593.20 lakhs), which significantly strengthened the balance sheet with total equity increasing to Rs. 65,709.87 lakhs from Rs. 30,653.66 lakhs. Borrowings were reduced substantially to Rs. 7,897.80 lakhs from Rs. 18,613.29 lakhs. However, operating cash flow turned negative at Rs. 3,087.60 lakhs compared to positive Rs. 3,319.90 lakhs in the prior year. An exceptional charge of Rs. 115.22 lakhs was recorded for new labour codes implementation. The Board recommended a final dividend subject to shareholder approval.
The company delivered solid revenue and profit growth, boosted by IPO proceeds and debt reduction. However, the negative operating cash flow despite higher profits suggests working capital pressure. Shareholders should note the dividend recommendation while monitoring the cash flow trend.