M&B Engineering Q1FY27 Revenue up 22.5% to ₹291 Cr; Orders at ₹1,053 Cr
M&B Engineering reported Q1FY27 revenue of ₹291 crore, up 22.5% YoY. Orders on hand stand at ₹1,053 crore, a 25% YoY increase. The company is investing ₹30 crore in a new heavy structural steel line and expanding PEB capacity at its Sanand and Cheyyar facilities. It expects over 25% revenue growth in FY27.
The announcement includes substantial capacity expansions, new investments in advanced manufacturing lines, and a positive growth outlook, which are material events for the company's future performance.
The company reported strong year-on-year growth in revenue and orders on hand, along with significant capacity expansion plans and a positive outlook for future growth.
M&B Engineering Limited announced its financial results for the first quarter of FY27, reporting a revenue from operations of ₹291 crore, marking a year-on-year growth of 22.5%. The Proflex division contributed ₹77 crore (26% of total revenue) with a 25% YoY growth, while the Phenix division contributed ₹214 crore (74% of total revenue) with a 22% YoY growth. Export revenue stood at ₹28 crore, representing 10% of the total revenue.
The company reported an EBITDA of ₹36 crore and an operating EBITDA of ₹33 crore, with an operating EBITDA margin of 11.4%. Orders on hand grew by 25% YoY to ₹1,053 crore. The Proflex division accounts for ₹216 crore (20.5%) of these orders, and the Phenix division accounts for ₹837 crore (79.5%), including ₹278 crore in export orders.
M&B Engineering is undertaking several expansion initiatives. The brownfield capex at the Sanand plant, expected to be commissioned in October 2026, will increase the PEB facility capacity from 72,000 MTPA to 92,000 MTPA. Additionally, the board has approved a ₹30 crore investment for a fully automated Heavy Structural Steel processing line at the Sanand facility, expanding capacity from 12,000 to 22,000 tonnes, operational by Q1FY28. A brownfield expansion at the Cheyyar facility, adding 20,000 TPA of PEB capacity, will commence during the current fiscal and is planned for completion in Q3FY28. Upon completion, the total PEB and Structural Steel capacity will reach 1,54,000 MTPA by Q3FY28.
Capital expenditure of ₹27 crore was incurred for two new mobile manufacturing units for Proflex, bringing the total to 17, and for the expansion of the Phenix Sanand facility and a 2.5 MW solar power plant. The Proflex installed capacity has increased to 21 lakh square meters per annum. The company also received AISC certification for its Cheyyar plant, enabling it to serve US customers from next fiscal.
Malav Patel, Jt. Managing Director, expressed confidence in delivering over 25% revenue growth in FY27. The company has a sustained track record of financial performance, with revenue from operations growing at a 4-year CAGR of 27.4% and PAT at a 4-year CAGR of 54.4% as of FY26.
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