Mcnally Bharat Engineering Company Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
Awaiting price reaction for this filing.
McNally Bharat Engineering Company has reported its Q3 FY26 (quarter ended Dec 31, 2025) and 9-month results. Standalone revenue from operations for the quarter was Rs. 2,491.61 lakhs, up from Rs. 1,844.62 lakhs in the previous quarter but the company posted a loss before tax of Rs. 6,122.15 lakhs for the quarter, with EPS of Rs. (18.37). For the nine months, revenue fell about 22% year-on-year to Rs. 5,828.52 lakhs (from Rs. 7,465.04 lakhs), and the operating loss before exceptional items widened to Rs. 39,944.36 lakhs. The nine-month profit of Rs. 3,51,869 lakhs is entirely due to a one-time exceptional gain of Rs. 3,91,813 lakhs booked in Q2 FY26 from extinguishment of creditor liabilities under the NCLT-approved Resolution Plan. The auditor (V. Singhi & Associates) issued an unqualified review with emphasis-of-matter notes on resolution plan accounting, unreconciled trade balances, and the new labour codes. Other notes flag an EPFO demand of about Rs. 960 lakhs (currently stayed), deregulation of the Singapore subsidiary with Rs. 2,550.74 lakhs investment written off, and pending listing of new equity shares issued to financial creditors.
Underlying operations remain firmly loss-making with revenue shrinking and operating losses widening, so the headline nine-month profit is misleading as it is driven solely by a one-time accounting entry from the resolution plan. Shareholders should track resolution plan implementation progress, working capital recovery, and resolution of the EPFO and reconciliation issues, as these will determine whether the post-CIRP business can stand on its own.