M&B Engineering Q4 Revenue Up 16% Despite Margin Pressure

M&B Engineering reported 16% YoY Q4 revenue growth to INR364 crore but faced 5% PAT decline due to forex losses and steel price inflation.
Full-year FY26 revenue grew 27% to INR1,260 crore with PAT up 20% to INR93 crore, supported by record INR1,539 crore order inflows.
The company maintains FY27 revenue growth guidance of 25% and plans INR100 crore capex for capacity expansion amid ongoing geopolitical headwinds.
US tariff reduction from 50% to 25% expected to improve export competitiveness while current order book provides 8-9 months visibility.