McNally Bharat Posts Another Quarterly Loss as Profitability Slumps
The engineering firm's revenue held steady year-on-year, but a sharp quarterly decline in profit highlights ongoing operational challenges.
McNally Bharat Engineering reported a marginal rise in Q1 revenue but saw its quarterly loss widen significantly. The results underscore persistent pressure on profitability.
McNally Bharat Engineering Company reported a mixed first quarter for FY27, with revenue holding steady but profitability taking a significant hit. The engineering and construction firm's results highlight the ongoing challenge of converting stable top-line performance into bottom-line earnings.
The company's revenue for the quarter ended June 2026 was ₹15.05 crore, nearly unchanged from ₹14.92 crore in the same period last year. Sequentially, revenue dipped slightly from ₹15.22 crore in the March 2026 quarter. However, the profit picture was far weaker. The firm posted a loss of ₹25.27 crore, which represents an 89% worsening compared to the loss of ₹230.26 crore in Q1 FY26. The loss also deepened by 63% from the previous quarter's loss of ₹69.13 crore.
A look at the last five quarters reveals a volatile earnings trajectory, heavily influenced by a single exceptional quarter.
Revenue (₹ Cr)
Profit (₹ Cr)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period Ended | June 2026 | March 2026 | June 2025 |
| Revenue (₹ Cr) | 15.05YoY +0.9% | 15.22 | 14.92 |
| Profit (₹ Cr) | -25.27YoY +89% | -69.13 | -230.26 |
This table shows that aside from a massive profit spike in Q2 FY26, the company has consistently reported quarterly losses. The trailing twelve-month (TTM) profit stands at ₹3,654.54 crore, but this figure is entirely propped up by that one anomalous quarter. The TTM revenue is ₹73.64 crore.
Key Points
- The company recently completed Coal Handling Plant projects worth ₹1,100 crore, which it states creates a strong foundation for bidding on larger contracts.
- Financial health metrics remain under pressure, with a current ratio of 0.09 and negative interest coverage.
- Earnings per share (EPS) on a TTM basis is deeply negative at -₹514.83.
For McNally Bharat, the path forward hinges on translating its project execution capabilities into consistent, profitable quarters, moving beyond reliance on one-time gains.
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· MBECL
(BSE)
ISIN: INE748A01016
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