M & B Engineering Ltd (MBEL) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company reported strong topline growth, with consolidated revenues growing 49% YoY for the quarter, driven by satisfactory performance in both the Proflex Roofing and Phenix Pre-Engineered Building divisions.
- A significant ramp-up in export sales, primarily to the US market, was a key highlight, with export revenue reaching INR 54 crores in Q2, a substantial increase from INR 3 crores in Q1 FY26.
- The company secured a robust outstanding order book of INR 930.56 crores as of September 30, 2025, supported by strong new order intake of INR 672.20 crores in H1 FY26, providing strong revenue visibility for the upcoming quarters.
- Margins came under pressure during the quarter due to a foreign exchange loss of INR 2.15 crores in the Proflex division and the absorption of unplanned US import tariffs amounting to INR 2.85 crores in the Phenix division.
- The company is actively pursuing capacity expansion, with new mobile roofing units becoming operational soon and brownfield expansions planned for its Pre-Engineered Building (PEB) plants at Sanand and Cheyyar to meet rising domestic and export demand.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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