Fedders Electric and Engineering Limited delivered exceptional profitability growth in the third quarter of FY26, with net profit surging 825% year-on-year despite facing revenue headwinds. The company's Board of Directors approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025, during a meeting held on February 11, 2026.

Financial Performance Highlights

The company's quarterly performance showed remarkable profit expansion, though revenue contracted compared to the previous year.

The significant boost in total income came from other income, which increased substantially to ₹37.25 crore in Q3FY26 from ₹5.03 crore in Q3FY25. This included ₹26.44 crore from reinstated trade receivables that were previously written off in earlier financial years.

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained strong profitability growth while experiencing revenue decline.

Corporate Developments

The Board meeting resulted in several key decisions beyond the financial results approval:

• Leadership Appointment: Mrs. Mamata Khandelwal was appointed as Company Secretary & Compliance Officer
• Delisting Progress: The company continues its delisting process from NSE and BSE following NCLT approval of the modified resolution plan on October 16, 2025
• Meeting Duration: The Board meeting commenced at 12:00 hours and concluded at 17:30 hours at the company's registered office in Sikandrabad, Uttar Pradesh

Operational Context

Fedders Electric operates under the management of Fedders Holding Limited following the Corporate Insolvency Resolution Process (CIRP) that was completed in 2021. The company's resolution plan was approved by NCLT on October 6, 2021, and operations were subsequently taken over by the new management.

The company has opted for delisting from all stock exchanges as 100% shareholding is currently held by the promoter in compliance with the approved resolution plan. The necessary applications have been filed with stock exchanges following the Board's approval in November 2025.

Financial Structure

The company maintains a paid-up equity share capital of ₹30.00 crore with face value of ₹10 per share. The earnings per share for Q3FY26 reached ₹12.25 compared to ₹1.32 in the corresponding quarter of the previous year, reflecting the substantial improvement in profitability.

Total comprehensive income for the quarter stood at ₹38.11 crore compared to ₹2.33 crore in Q3FY25, while nine-month comprehensive income reached ₹71.21 crore against ₹30.21 crore in the previous year.

McNally Bharat Engineering Company Limited has disclosed to stock exchanges that Income Tax authorities conducted search and seizure operations at its registered office on February 10, 2026. The company made this disclosure in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Details of the Investigation

The search and seizure operations were conducted pursuant to a Warrant of authorization in prescribed Form no 45, issued under Section 132 of the Income Tax Act 1961 and Rule 112. The authorization came from the office of ADIT (Investigations), Kolkata.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015. McNally Bharat Engineering has committed to keeping stock exchanges informed of any material updates arising from this investigation in accordance with regulatory requirements.

Company Information

McNally Bharat Engineering Company Limited operates from its registered office at Ecospace Campus 2B 11F/12, New Town Rajarhat North 24 Parganas, Kolkata-700160. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and trades on stock exchanges under the scrip code 532629 (BSE) and symbol MBECL (NSE).

The disclosure was signed by Company Secretary Indrani Ray and submitted to both the National Stock Exchange of India Limited and BSE Limited on the same day as the search operations.