Mcnally Bharat Engineering Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Awaiting price reaction for this filing.
McNally Bharat Engineering Company reported FY2026 total comprehensive income of Rs 3,45,158.23 Lakhs, a major turnaround from FY2025 loss of Rs 1,71,568.70 Lakhs, primarily driven by exceptional income of Rs 3,89,143.73 Lakhs from implementation of the NCLT-approved Resolution Plan. Revenue from operations declined to Rs 7,351.06 Lakhs from Rs 10,492.36 Lakhs in the prior year. The company's borrowings reduced significantly to Rs 9,483.95 Lakhs from Rs 3,09,423.86 Lakhs following the Resolution Plan. The auditor issued an unqualified opinion but included an Emphasis of Matters section noting that accounting treatment was given as per NCLT directions overriding Ind AS requirements, and that trade receivables, payables, and other current assets are subject to confirmation and pending arbitrations. The company also announced CFO change – Rupayan Majumdar resigned effective May 30, 2026, succeeded by Harish Avadhani from June 1, 2026.
The company has emerged from Corporate Insolvency Resolution Process with substantially reduced debt. However, revenue decline and pending balance sheet reconciliations remain concerns. The CFO transition adds to leadership uncertainty.