MBEL

What M & B Engineering promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 18 tracked 5 delivered 1 missed 12 open
  • Sanand PEB Brownfield Operationalization delayed said Q1 FY26 Promised: Operational in the 1st quarter of FY 2027 Q1 FY27: Delayed again. Now expected to be commissioned in October 2026 (Q3 FY27).
  • FY26 Topline Growth delivered said Q1 FY26 Promised: Overall topline growth of over 25% in FY 2026 Q4 FY26: Achieved. FY26 revenue at Rs. 1,259.7 cr, representing 27% YoY growth.
  • FY26 EBITDA Margin missed said Q1 FY26 Promised: Confident of further improving our EBITDA margins in FY 2026 Q4 FY26: Missed. FY26 EBITDA margin came in at 12.5%, below the revised guidance of 12.75% and the original goal of improving on FY25's 13.6%.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 18 tracked commitments for M & B Engineering — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens