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M & B Engineering Ltd

Q2 FY26Construction

M & B Engineering Q2 FY26: Capex ₹60 Cr

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹272
Market cap₹1.5K Cr
P/E15.9
Updated26 Aug 2026
Read4 min read

M & B Engineering Ltd Q2 FY26 key numbers

Revenue
Targeting approximately 25% revenue growth for FY2026, aiming Rs. 1,225 to Rs. 1,250 crores.

As stated in M & B Engineering Ltd's Q2 FY26 earnings call transcript · published 26 Aug 2026. Reported figures, not investment advice.

The short version

Targeting approximately 25% revenue growth for FY2026, aiming Rs. The company targets a consolidated revenue of Rs.

From M & B Engineering Ltd's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • Targeting approximately 25% revenue growth for FY2026, aiming Rs. 1,225 to Rs. 1,250 crores.
  • First half FY2026 showed 57% growth; second half expected to maintain strong performance.
  • Export sales targeted at around Rs. 160 crores in FY2026.
  • Order book robust with Rs. 227 crores to be executed in next 6-7 months and inquiries of 17 lakh square meters expected to convert to orders.
  • Capacity expansion underway:
  • Three new mobile units ordered for roofing; one operational by Dec 2025, two more by Q1 FY2027.
  • Brownfield expansion at Sanand plant adding 20,000 MT capacity operational Q1 FY2027.
  • Planned similar 20,000 MT expansion at Cheyyar plant in FY2028.
  • Utilization at Cheyyar plant expected to reach 55%-60% in H2 FY2026; Sanand plant to operate at 75%-80% utilization in H2 FY2026.

2 more points from M & B Engineering Ltd's call on revenue

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Profitability & Margins

See what M & B Engineering Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Current fiscal year CAPEX: Around ₹60 crores (FY'26), focused on capacity expansion.
  • Next fiscal year CAPEX: Planned ₹60-70 crores (FY'27), as per IPO projections.
  • Sanand plant brownfield expansion with an additional 20,000 metric tons capacity becoming operational in Q1 FY'27.
  • Cheyyar plant brownfield expansion of 20,000 metric tons planned next fiscal, to be operational in FY'28.
  • Ordered three mobile units for roofing demand — one from UAE (operational by Dec 2025) and two from the US (operational by Q1 FY'27).
  • Strategic focus on expanding capacity to meet robust order books in domestic and export markets.

2 more points from M & B Engineering Ltd's call on capex

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Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
1Dilip Buildcon Ltd
Rev 1Mar 3
2Solarworld Ene.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what M & B Engineering Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • As of October 1, 2025, strong outstanding export orders of approx. Rs. 122 crores.
  • Phenix division domestic orders: Rs. 581.13 crores; Proflex division order book: Rs. 227.05 crores.
  • Total order book intake for H1 FY2026: Rs. 672.20 crores (Q1: Rs. 277.62 crores; Q2: Rs. 394.58 crores).
  • Additional large export order of USD 24 million (about Rs. 200+ crores) received after September 30, 2025.
  • Additional domestic order of Rs. 98 crores also received after September 30, 2025.
  • Current order book stands around Rs. 930 crores as of end Q2, up from Rs. 842 crores at end Q1.
  • Orders inflow exceeds execution, indicating a growing order book.

2 more points from M & B Engineering Ltd's call on order book

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M & B Engineering Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹364 Cr, net profit ₹27 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What M & B Engineering Ltd's management said in earlier quarters

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    For H1-FY26 (half year ending September 2025), Revenue from Operations was INR 909 million, up 76.5% YoY from INR 515 million in H1-FY25. Key investor presentat

  • Konstelec Engg. (Q2 FY26)

    650 Crores (Page 9). Key investor presentation takeaways from Konstelec Engineers's Q2 FY26 investor presentation — and how it ranks against sector peers.

  • MBL Infrastructure Ltd (Q2 FY26)

    Revenue (Income) for HY25 (half year 2025) standalone: ₹119.37 Cr; FY24: ₹184.15 Cr. Key investor presentation takeaways from MBL Infrastructure Ltd's Q2 FY26 i

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Frequently Asked Questions

What were M & B Engineering Ltd Q2 FY26 results?

Targeting approximately 25% revenue growth for FY2026, aiming Rs. The company targets a consolidated revenue of Rs.

What is M & B Engineering Ltd share price analysis?

M & B Engineering Ltd currently shows a neutral. The stock trades at a P/E of 15.9 with a market cap of ₹1,546 Cr. Investors should review the full earnings analysis for detailed insights.

Is M & B Engineering Ltd planning capital expenditure?

Current fiscal year CAPEX: Around ₹60 crores (FY'26), focused on capacity expansion.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.