The Anup Engineering Limited filed the transcript of its earnings call with analysts and investors for the quarter and year ended March 31, 2026. The conference call was held on May 28, 2026, and the filing was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously reported its audited standalone and consolidated financial results, showcasing its highest ever consolidated revenue of ₹822.3 Cr.
Q4 Consolidated Performance
For the fourth quarter, the company reported a consolidated net profit of ₹26.5 Cr, down from ₹31.5 Cr in the same period last year. Revenue for Q4 came in at ₹207.9 Cr, compared to ₹221.7 Cr in the corresponding quarter of the previous year. EBITDA for the quarter stood at ₹38.2 Cr versus ₹49.6 Cr year-on-year, with the EBITDA margin contracting to 18.4% from 22.4% in the year-ago period.
| Metric: |
Q4 FY26 |
Q4 FY25 |
| Revenue: |
₹207.9 Cr |
₹221.7 Cr |
| Net Profit: |
₹26.5 Cr |
₹31.5 Cr |
| EBITDA: |
₹38.2 Cr |
₹49.6 Cr |
| EBITDA Margin: |
18.4% |
22.4% |
Full-Year Financial Performance
For the financial year ended March 31, 2026, the company reported a standalone revenue from operations of ₹78,943.70 lakh, compared to ₹70,826.50 lakh in the previous year. Profit after tax for the year stood at ₹10,774.64 lakh, a decrease from ₹11,685.00 lakh in FY25. On a consolidated basis, revenue from operations was ₹82,228.77 lakh for FY26, while profit after tax was ₹11,039.24 lakh.
| Metric: |
Standalone FY26 (₹ in Lakhs) |
Standalone FY25 (₹ in Lakhs) |
Consolidated FY26 (₹ in Lakhs) |
Consolidated FY25 (₹ in Lakhs) |
| Revenue from Operations: |
78,943.70 |
70,826.50 |
82,228.77 |
73,278.60 |
| Profit After Tax: |
10,774.64 |
11,685.00 |
11,039.24 |
11,830.27 |
| Total Income: |
79,273.59 |
71,343.92 |
82,541.79 |
73,792.01 |
Exceptional Item
The financial results include an exceptional item of ₹130.52 lakh (net of taxes) for the standalone statements and ₹145.26 lakh (net of taxes) for the consolidated statements. This charge relates to a one-time material increase in the provision for employee benefits due to the implementation of new Labour Codes by the Government of India effective November 21, 2025. The company also appointed M/s. Shap & Tannan Associates, Chartered Accountants, as the Internal Auditor for FY 2026-27.
Strategic Developments
The company achieved its highest ever consolidated revenue of ₹822 Cr and EBITDA of ₹174 Cr, with a margin of 21.2%. It forayed into the Thermal and Nuclear energy sectors and initiated execution for a new category of end user segment of Patented Clean Energy Storage solution through a European technology partner. The Vadodara engineering office is fully operational to support engineering design, and the Technical Services arm has started executing orders with initial traction. Phase-2 of the Kheda manufacturing facility was commissioned at the end of January 2026, enhancing the plant's revenue potential to ~₹400-₹450 crore. The company's overall installed capacity has increased to ~20,000 MT per annum, translating into a total annual revenue potential of ~₹1,200 Cr. The sectoral distribution of the product portfolio comprised Oil & Gas at 39%, Petrochemicals at 32%, and other sectors at 29%.
Outlook for FY27
The company reported a healthy consolidated order book of ₹769 crore, including Letters of Intent (LOIs) aggregating ₹146 Cr. The order book spread is balanced with domestic orders accounting for 60% and exports contributing 40%. The company continues to witness an encouraging order inquiry pipeline of ₹1,200 Cr, providing strong visibility for order book build-up across FY27 and FY28. Additionally, the company intends to strategically scale up its Technical Services business vertical with a focus on improving overall profitability. The company is also indicating a pickup in domestic demand, further strengthening its near-term growth outlook.
| Parameter: |
Details |
| Consolidated Order Book: |
₹769 Cr |
| LOIs Included: |
₹146 Cr |
| Domestic Orders: |
60% |
| Export Orders: |
40% |
| Order Inquiry Pipeline: |
₹1,200 Cr |
| Technical Services Focus: |
Scale-up for improved profitability |
| Domestic Demand: |
Pickup indicated |