Mcnally Bharat Engineering Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.

McNally Bharat Engineering Company Limited reported a standalone net loss of Rs. 23,026.10 lakhs for Q1 FY26 against a loss of Rs. 22,030.76 lakhs in Q1 FY25. Revenue from operations fell sharply to Rs. 1,492.29 lakhs from Rs. 2,618.79 lakhs year-on-year, a roughly 43% decline, driven by weak execution in its engineering and construction business. Finance costs alone stood at Rs. 21,286.11 lakhs, far exceeding revenue, while reserves were deeply negative at Rs. (5,92,560.71) lakhs. The company remains under the NCLT-approved Resolution Plan (approved Dec 2023) which has already extinguished 95% of existing share capital, and the resolution applicant has sought further extension till September 30, 2025 to disburse remaining tranches. The statutory auditor (V. Singhi & Associates) issued an adverse conclusion citing issues with the carrying value of an unsecured loan to Vedica Sanjeevani Projects and Rs. 51,706.60 lakhs of recognized deferred tax assets despite fully eroded net worth, and explicitly flagged material uncertainty on the company's ability to continue as a going concern.