MBEL Q4 FY26 Guidance vs Delivery (MBEL Management Mirror)

Did MBEL's management deliver what it guided? Guidance vs actual performance and tone changes across recent earnings calls, as of the Q4 FY26 (Mar-2026 Qtr) concall.

M & B Engineering Ltd (MBEL) Q4FY26 Management Mirror - Mar-2026 Qtr

Revenue & Volumes

Management expects ~25% YoY topline growth for Mar'27, upgrading from the indicative "higher-teen" growth projected in the Dec'25 Qtr and formalizing preliminary estimates from the Sep'25 Qtr, alongside setting a Mar'27 export revenue target of 300 crore (up from 165 crore in Mar'26) and 10,000 tons in export volume. The Phoenix division is targeted to grow 20% to 25% to reach 85,000–90,000 tons, while Proflex volumes are expected to hit 2.5 million square meters, though H1 Mar'27 is anticipated to be softer due to labor and monsoon constraints before a stronger H2. [Status: Upgraded]

3 more themes on the ELITE plan.