Anup Engineering Achieves Record Revenue of ₹822 Cr and EBITDA of ₹174 Cr in FY26
The Anup Engineering Limited reported record FY26 revenue of ₹822 Cr and EBITDA of ₹174 Cr, with margins at 21.2%. The company secured its first order in the nuclear energy sector and expanded into thermal power and clean energy storage. The orderbook stands at ₹769 Cr, with a pipeline of ₹1,200 Cr for FY27. Kheda Plant Phase-II is operational, enhancing revenue potential to ₹450 Cr p.a.
The announcement includes record financial performance, diversification into strategic sectors, capacity expansion, and a strong orderbook, all of which are significant drivers for the company's future growth and investor confidence.
The company achieved record revenue and EBITDA, expanded into new high-growth sectors like nuclear and clean energy, and has a strong order pipeline, indicating positive future prospects.
The Anup Engineering Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company achieved its highest ever revenue of ₹822.3 crore and EBITDA of ₹174.2 crore in FY26, marking a year-on-year increase of 12.2% in revenue. The EBITDA margin remained strong at 21.2%, within the guided range of 20%+.
The company's orderbook stands healthy at ₹769 crore, including Letters of Intent (LOI) of ₹146 crore, providing visibility for FY27. The Vadodara engineering office is now fully operational, and the technical services arm has begun executing orders with a clear scale-up roadmap. Significant progress has been made with the commissioning of Phase-II at the Kheda Plant, enhancing its revenue potential to ₹400-450 crore per annum and increasing overall capacity to approximately 20,000 MT/year with a revenue potential of ₹1200 crore per annum.
Anup Engineering has also made strategic inroads into new segments, securing its first order in the nuclear energy sector from a leading EPC player. Additionally, it has received its first order for critical heat exchangers in the thermal power segment and is executing an order for a patented clean energy storage technology through a European technology company. The company has also bagged its first order for a skid package (equipment + structure + instruments) for a project in the Middle East.
For the fourth quarter of FY26, revenue stood at ₹207.9 crore, a decrease of 6.2% compared to ₹221.7 crore in Q4 FY25. EBITDA for Q4 FY26 was ₹38.2 crore, down from ₹49.6 crore in the prior year's quarter. Profit Before Tax (PBT) for FY26 was ₹139.3 crore, a slight decrease of 2.7% YoY, impacted by higher net interest costs and depreciation. Profit After Tax (PAT) for FY26 was ₹110.4 crore, a decrease of 6.7% YoY, which included an exceptional expense of ₹1.45 crore for gratuity and a tax reversal of ₹5.33 crore.
Looking ahead to FY27, the company anticipates a healthy orderbook and an encouraging inquiry pipeline of ₹1,200 crore. The focus remains on strategically growing the technical services business vertical and exploring new opportunities in the skid package business. Amidst geopolitical volatility, the company is prioritizing stability, consolidation, and strengthened risk management.
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