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 09-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third 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 09-02-2026   11:45:00
End date and time of board meeting 09-02-2026   13:05:00
Whether cash flow statement is applicable on company
Type of cash flow statement
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 35,150.94 89,601.52
Other income 384.47 1,037.59
Total income 35,535.41 90,639.11
2 Expenses
(a) Cost of materials consumed 23,162.22 60,953.42
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 944.46 (978.67)
(d) Employee benefit expense 2,669.06 8,292.29
(e) Finance costs 400.62 1,404.61
(f) Depreciation, depletion and amortisation expense 378.13 1,103.62
(f) Other Expenses
1 Other Expenses 4,405.31 10,968.03
Total other expenses 4,405.31 10,968.03
Total expenses 31,959.80 81,743.30
3 Total profit before exceptional items and tax 3,575.61 8,895.81
4 Exceptional items (115.22) (115.22)
5 Total profit before tax 3,460.39 8,780.59
6 Tax expense
7 Current tax 928.62 2,153.63
8 Deferred tax (17.14) 63.45
9 Total tax expenses 911.48 2,217.08
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 2,548.91 6,563.51
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 2,548.91 6,563.51
17 Other comprehensive income net of taxes (19.22) 23.09
18 Total Comprehensive Income for the period 2,529.69 6,586.60
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 2,529.69 6,586.60
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 2,529.69 6,586.60
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 4.46 12.18
Diluted earnings (loss) per share from continuing operations 4.46 12.18
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 4.46 12.18
Diluted earnings (loss) per share from continuing and discontinued operations 4.46 12.18
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) 1 The above unaudited financial results of the company for the quarter and nine months ended December 31,2025 have been reviewed by audit committee and approved by Board of Directors of Company at its meeting held on February 9, 2026.The Statutory auditors have carried out limited review of the above financial results of the Company. The Limited Review Report does not contain any qualification. 2 The above unaudited financial results of the Company have been prepared in accordance with recognition and measurement principles of Indian Accounting Standards(“Ind-AS”) as prescribed under Section133 of the Companies Act,2013 read with relevant rules issued thereunder and in terms of the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015,as amended (the “Listing Regulations”).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. 3 The Company's activities are involved in manufacturing, supply, erection and installation of Pre-Engineered Buildings, Structure Steels, Steel Roofing and Components thereof and the management reviews the performance of the company as a single operating segment in accordance with IndAS-108“Operating Segments notified pursuant to the Companies (Indian Accounting Standard)Rules2015.Accordingly,no separate segment information has been furnished. 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 13,057.90 738.10 12,319.80 2 Investment in IT software upgradation by our Company 520.00 - 520.00 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 60.70 Total 25,932.00 13,031.50 12,900.50 9 Details of Net IPO proceeds remaining unutilized as on December 31,2025: Sr. No. Unutilized Balance invested in Amount invested (INR in lakhs) 1 Fixed Deposits 12,566.00 2 MA Account Balance 281.90 3 Escrow Account Balance 52.60 Total 12,900.50 10 The Ministry of Labour & Employment (MoLE), Government of India. has announced the implementation of four Labour Codes viz. the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, effective November 21, 2025. On the basis of information available, the Company has assessed and accrued the incremental impact for these changes at current estimate of 115.22 lakhs and disclosed as an 'Exceptional Item- Statutory impact of new Labour Codes' in the unaudited financial results of the Company for the quarter and nine months ended December 31,2025. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 11 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. 12 The figures for the nine months ended December 31, 2024 as reported in these unaudited 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.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
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 (15.35) 18.45
Total Amount of items that will not be reclassified to profit and loss (15.35) 18.45
2 Income tax relating to items that will not be reclassified to profit or loss 3.87 (4.64)
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 (19.22) 23.09