Modern Engineering and Projects Limited has closed its trading window for dealing in securities effective October 1, 2026. This measure precedes the declaration of unaudited financial results for the quarter and half year ended September 30, 2026.

The closure applies to all Designated Persons, Connected Persons, and their immediate relatives. This action is taken pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time.

Timeline for reopening

The trading window will remain closed until the expiry of forty-eight hours after the date of declaration of the financial results. The company stated that the date of the Board Meeting to consider these results will be communicated in due course.

The filing was signed by Fattehsingh Krishnrao Patil, Managing Director, on September 25, 2026. No specific financial figures or operational updates were disclosed in this intimation.

Modern Engineering and Projects Modern Engineering & Projects reported a contraction in top-line growth for the first quarter of FY27, with revenue from operations declining 4.5% year-on-year to ₹31,274.98 crore. The company’s net profit after tax also witnessed a marginal decline of 1.2%, settling at ₹15.36 crore for the period ended June 30, 2026.

The results were published in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and disseminated via newspaper advertisements in "Financial Express" and "Mumbai Lakshadweep" on August 15, 2026. The financial statements were signed by Managing Director Fattehsingh Krishnrao Patil.

Financial Performance Overview

The company’s total revenue from operations decreased from ₹32,961.22 crore in Q1FY26 to ₹31,274.98 crore in Q1FY27. Operating profit before interest and depreciation (EBITDA) followed a similar trajectory, contracting 0.2% to ₹1,961.20 crore. Consequently, the EBITDA margin narrowed to 6.27%, down from 6.24% in the corresponding quarter of the previous year.

Profit before tax fell 1.4% to ₹15.36 crore, while profit after tax declined 1.2% to ₹15.36 crore. The company maintained a consistent dividend policy, declaring no dividend for the quarter, in line with the prior year’s approach.

What the Numbers Show

Despite the decline in absolute revenue figures, Modern Engineering & Projects managed to stabilize its EBITDA levels, which remained nearly flat at ₹1,961.20 crore compared to ₹1,956.38 crore in Q1FY26. This divergence suggests that while volume or price realization pressures impacted the top line, cost management measures or a shift in product mix helped preserve operating cash flows. However, the inability to translate this operational stability into higher net profits indicates persistent pressure on non-operating expenses or tax outflows, keeping the bottom line constrained at ₹15.36 crore.

Balance Sheet Position

As on June 30, 2026, the company’s total assets stood at ₹30,232.36 crore, reflecting a slight increase from ₹30,234.32 crore as on March 31, 2026. The equity share capital remained unchanged at ₹1273.71 crore, indicating no fresh equity raises during the quarter. The company’s total liabilities and shareholders’ funds mirrored the asset base, maintaining financial equilibrium.