M & B Engineering Q2 FY27: PAT ₹21.9 & Rev ₹291 Cr

Investor Takeaways

Revenue grew 22.5% YoY to ₹291 crore in Q1FY27

PAT increased 20.8% YoY to ₹21.9 crore

EBITDA reached ₹36 crore

Order backlog rose 24.9% YoY to ₹1,053 crore

Export revenue contributed ₹28 crore to total revenue

EBITDA margin declined from previous year

Company projects revenue growth exceeding 25% in FY27

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹291 Cr	22.5%
Net Profit	₹21.9 Cr	20.8%
EBITDA	₹36 Cr	Not available
EPS	Not available
OPM	Not available

What Changed

M&B Engineering Limited (MBEL) reported Q1FY27 financial results on 10 August 2026, showing robust top-line growth with revenue increasing 22.5% year-on-year to ₹291 crore, up from [amount not verified] in the same quarter of the previous fiscal year. Net profit rose 20.8% to ₹21.9 crore compared to [amount not verified] in Q1FY26. EBITDA stood at ₹36 crore for the quarter. The order book expanded significantly, with orders on hand growing 24.9% to ₹1,053 crore, primarily driven by increased activity in the Phenix and Proflex divisions. Export revenue reached ₹28 crore during the quarter, contributing to overall growth momentum. Despite strong revenue and profit growth, the filing indicates a decline in EBITDA margin year-on-year, suggesting rising cost pressures or operational inefficiencies. The company has projected revenue growth of over 25% for the full fiscal year FY27, signaling confidence in sustained momentum. Current fundamentals show a market capitalization of ₹1,767.02 crore and a P/E ratio of 19.07, placing it below peers like Larsen & Toubro (P/E 33.07) and NBCC (P/E 49.12), though direct comparative metrics like ROE and ROCE are not available for peers.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
M&B Engineering Limited (MBEL)	19.07	Not available	Not available	1,767.02
Larsen & Toubro Limited (LT)	33.07	N/A	N/A	5,37,748.69
Rail Vikas Nigam Limited (RVNL)	45.43	N/A	N/A	59,006.07
NBCC (India) Limited (NBCC)	49.12	N/A	N/A	25,331.4

M&B Engineering trades at a lower valuation multiple compared to major construction peers, indicating potential relative undervaluation or lower market expectations. However, the lack of available profitability and efficiency metrics for both the company and peers limits comprehensive comparative analysis.

Risks & Concerns

EBITDA margin declined year-on-year

No specific risks detailed in the filing

Order growth driven by specific divisions may be cyclical or project-dependent

No specific risks identified in this filing.

Quarterly Trend

[Not provided in the context. Quarterly trend data is absent, so this section is omitted.]

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About M & B Engineering Limited (MBEL)

Construction · Construction · Listed on NSE

Market Cap: ₹1,533.57 Cr P/E: 15.8 ROE: 31.5% ROCE: 29.0% Div Yield: 0.37%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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