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.

Modern Engineering and Projects Ltd has accepted the resignation of Mrs. Anisha Suraj Rajbhar as its Company Secretary and Compliance Officer, effective from the close of business hours on July 10, 2026. The resignation was submitted due to personal and unavoidable circumstances, as confirmed in a regulatory filing submitted to BSE Limited. The departure impacts the company's key managerial personnel structure responsible for compliance and secretarial functions.

Mrs. Rajbhar confirmed in her resignation letter that there are no material reasons for her departure other than the personal circumstances cited. She expressed gratitude to the Board of Directors, senior management, and colleagues for their support during her tenure. The company has acknowledged the receipt of her resignation and the attached disclosures.

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were also read in conjunction with a specific SEBI circular referenced in the filing. The information is available on the company's official website.

Key Details of Resignation

The Managing Director, Fattehsingh Krishnrao Patil, signed the disclosure on behalf of Modern Engineering and Projects Limited. The company has requested the stock exchanges to take the information on record.