Integrated Filing — IndAS



General information about company

Scrip Code 544470
NSE Symbol MBEL
MSEI Symbol NOTLISTED
ISIN INE08N601015
Name of company M & B Engineering Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 11-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 04-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Pre-Engineered Buildings, Structure Steels, Steel Roofing and Components thereof
Start date and time of board meeting 11-11-2025   11:30:00
End date and time of board meeting 11-11-2025   13:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 30,685.35 54,450.58
Other income 232.58 653.13
Total income 30,917.93 55,103.71
2 Expenses
(a) Cost of materials consumed 21,357.21 39,176.63
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,411.76) (3,308.57)
(d) Employee benefit expense 2,975.51 5,623.23
(e) Finance costs 436.47 1,003.99
(f) Depreciation, depletion and amortisation expense 368.06 725.50
(f) Other Expenses
1 Other expenses 4,315.36 6,562.70
Total other expenses 4,315.36 6,562.70
Total expenses 28,040.85 49,783.48
3 Total profit before exceptional items and tax 2,877.08 5,320.23
4 Exceptional items 0.00 0.00
5 Total profit before tax 2,877.08 5,320.23
6 Tax expense
7 Current tax 625.01 1,225.01
8 Deferred tax 32.24 80.59
9 Total tax expenses 657.25 1,305.60
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,219.83 4,014.63
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,219.83 4,014.63
17 Other comprehensive income net of taxes 2.71 42.31
18 Total Comprehensive Income for the period 2,222.54 4,056.94
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 2,219.83 4,014.63
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 5,714.82 5,714.82
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.07 7.68
Diluted earnings (loss) per share from continuing operations 4.07 7.68
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.07 7.68
Diluted earnings (loss) per share from continuing and discontinued operations 4.07 7.68
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1 The above unaudited financial results of the company for the quarter and half year ended September 30,2025 have been reviewed by audit committee and approved by Board of Directors of Company at its meeting held on 11th November, 2025. 2 The above unaudited financial results for quarter and half year ended September 30, 2025 have been subjected to limited review by the statutory auditors of the Company. The Limited Review Report does not contain any qualification. 3 The Company is operating only in one segment i.e. Pre-Engineered Buildings, Structure Steels, Steel Roofing and Components thereof. Hence segment reporting is not given. 4 The Company has formulated an employee stock option scheme namely the ESOP Scheme 2024 pursuant to resolutions passed by the Board on 6th June, 2024 and the Shareholders on 6th June, 2024. The ESOP Scheme 2024 has been amended vide Board resolution dated 14th July, 2025 and our Shareholders’ special resolution dated 15th July, 2025 5 During the quarter and half year ended September 30, 2025, the Company has completed its Initial Public Offer (“IPO”) of 1,68,88,474 equity shares (including 57,306 equity shares issued to employees) of face value of INR 10 each at an issue price of share INR 385 per share (INR 349 per share for equity shares issued to employees) comprising fresh issue of 71,48,215 equity shares and offer for sale of 97,40,259 equity shares by selling shareholders, resulting in equity shares of the Company being listed on National Stock Exchange of India Limited ('NSE') and BSE Limited ('BSE') on August 6, 2025. 6 Consequent to allotment of fresh issue, the paid up equity share capital of the company stands increase from INR 5,000 lakhs consisting of 5,00,00,000 equity shares of Rs. 10 each to INR 5,714.82 lakhs consisting of 5,71,48,215 equity shares of Rs. 10 each. 7 The breakup of IPO proceeds from fresh issue is summarized below: Particulars Amount (INR in lakhs) Amount received from fresh issue 27,500.00 Less: Offer Expense in relation to fresh issue 1,568.00 Net IPO proceeds available for utilization 25,932.00 8 Details of Net IPO proceeds available for utilization are as follows: Sr. No. Item Head Amount as Proposed in the offer Document (INR In lakhs) At the end of the quarter (INR In lakhs) Total unutilized amount (INR In lakhs) 1 Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at our Manufacturing Facilities 13,057.90 523.9 12,534.00 2 Investment in IT software upgradation by our Company 520 - 520 3 Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by our Company 5,875.00 5,875.00 - 4 General Corporate Purposes 6,479.10 6,418.40 60.7 Total 25,932.00 12,817.30 13,114.70 9 Details of Net IPO proceeds remaining unutilized as on September 30, 2025: Sr. No. Unutilized Balance invested in Amount invested (INR in lakhs) 1 Fixed Deposits 12,878.00 2 MA Account Balance 184.20 3 Escrow Account Balance 52.50 Total 13,114.70 10 The consolidated Unaudited financial results of the Company are comprising of its subsidiary M/s. Phenix Building Solutions Private Limited and Phenix Construction Technologies INC. The Consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 “Interim Financial Reporting” as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. 11 The above unaudited financial results of the company have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as amended prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated July 5, 2016. 12 The figures for quarter ended September 30, 2024 as reported in these audited financial results which have been approved by the Board of Directors but have not been subjected to review/audit of statutory auditor. 13 Figures, wherever required, are regrouped / rearranged. 14 The unaudited results of M & B Engineering Limited will be made available on Company’s website www.mbel.in and on websites of BSE www.bseindia.com and NSE www.nseindia.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 16,934.60
Capital work-in-progress 72.57
Investment property
Goodwill 0.81
Other intangible assets 883.48
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 483.36
Trade receivables, non-current
Loans, non-current 30.00
Other non-current financial assets 12,983.67
Total non-current financial assets 13,497.03
Deferred tax assets (net)
Other non-current assets 1,961.45
Total non-current assets 33,349.94
2 Current assets
Inventories 31,866.67
Current financial asset
Current investments 0.00
Trade receivables, current 22,722.75
Cash and cash equivalents 4,671.95
Bank balance other than cash and cash equivalents 2,568.61
Loans, current 40.67
Other current financial assets 150.61
Total current financial assets 30,154.59
Current tax assets (net)
Other current assets 6,020.43
Total current assets 68,041.69
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1,01,391.63
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 29,809.09
Other equity 29,677.80
Total equity attributable to owners of parent 59,486.89
Non controlling interest
Total equity 59,486.89
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2,204.01
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 370.15
Total non-current financial liabilities 2,574.16
Provisions, non-current 0.00
Deferred tax liabilities (net) 735.33
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 3,309.49
Current liabilities
Current financial liabilities
Borrowings, current 8,709.65
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 941.68
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 15,116.00
Total Trade payable 16,057.68
Other current financial liabilities 1,588.94
Total current financial liabilities 26,356.27
Other current liabilities 9,858.92
Provisions, current 1,360.94
Current tax liabilities (Net) 1,019.12
Deferred government grants, Current
Total current liabilities 38,595.25
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 41,904.74
Total equity and liabilites 1,01,391.63
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the employee defined benefit plan 495000 3380000
Total Amount of items that will not be reclassified to profit and loss 4.95 33.80
2 Income tax relating to items that will not be reclassified to profit or loss 2.24 (8.51)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 2.71 42.31



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 5,320.23
Adjustments for reconcile profit (loss)
Adjustments for finance costs 982.04
Adjustments for decrease (increase) in inventories 370.97
Adjustments for decrease (increase) in trade receivables, current (537.74)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (6,367.60)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 854.41
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 725.49
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 202.18
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (62.84)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (56.49)
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (17.74)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 21.95
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (3,885.37)
Net cash flows from (used in) operations 1,434.86
Dividends received 0.00
Interest paid 0.00
Interest received (273.80)
Income taxes paid (refund) 374.32
Other inflows (outflows) of cash 42.31
Net cash flows from (used in) operating activities 829.05
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 3.13
Purchase of property, plant and equipment 972.81
Proceeds from sales of investment property 0.00
Purchase of investment property 12,930.94
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 1,509.67
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 273.80
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 1.94
Net cash flows from (used in) investing activities (15,134.55)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 24,809.08
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 7,699.63
Payments of lease liabilities 113.49
Dividends paid 0.00
Interest paid 982.04
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 16,013.92
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,708.42
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 1,708.42
Cash and cash equivalents cash flow statement at beginning of period 2,963.53
Cash and cash equivalents cash flow statement at end of period 4,671.95