Modern engineering & projects Limited has announced its Q3FY26 financial results, marking a significant turnaround with a net profit of ₹337.13 lakhs compared to a loss of ₹360.63 lakhs in the corresponding quarter of the previous year. The Board of Directors approved these unaudited financial results during their meeting held on February 12, 2026, as previously scheduled.

Financial Performance Overview

The company demonstrated robust operational performance during the third quarter ended December 31, 2025. Revenue from operations increased to ₹2,480.13 lakhs from ₹2,267.74 lakhs in Q3FY25, representing steady growth in the infrastructure sector.

Nine-Month Performance Analysis

The company's nine-month performance showed remarkable improvement with net profit of ₹812.15 lakhs compared to a loss of ₹207.83 lakhs in the corresponding period of the previous year. Revenue from operations reached ₹7,216.26 lakhs against ₹5,341.59 lakhs, indicating strong business momentum.

Joint Venture Operations

The company's financial results include contributions from multiple joint venture operations. MEPIDL-MCL-JV contributed total revenue of ₹5,546.85 lakhs and profit before tax of ₹364.87 lakhs for the nine-month period. Additionally, Aquatech-MEPL-JV for the Khopoli Underground Sewerage Scheme generated revenue of ₹434.86 lakhs with profit before tax of ₹32.64 lakhs.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors during their meeting held from 3:00 PM to 3:30 PM on February 12, 2026. Managing Director Fattehsingh Krishnrao Patil (DIN: 10738344) signed the official communication, ensuring proper regulatory compliance under SEBI (LODR) Regulations, 2015.

The company noted that its Company Secretary resigned on December 12, 2025, and is taking necessary steps to fill this vacancy within the statutory timeframe of six months as required under the Companies Act, 2013. The statutory auditors S.K. Patodia & Associates LLP have reviewed the financial results in accordance with Regulation 33 requirements.

Modern Engineering & Projects Limited (MEPL) has reported a significant turnaround in its financial performance for the quarter ended September 30, 2025, alongside an announcement of a key management change.

Financial Highlights

MEPL posted a quarterly profit of ₹293.75 crore, marking a substantial improvement from the loss of ₹133.61 crore reported in the same quarter of the previous year. The company's revenue for Q2 stood at ₹1,641.81 crore, indicating strong operational performance.

The company's earnings per share (EPS) improved to ₹1.90 for the quarter, up from ₹(1.29) in the corresponding period last year.

Half-Yearly Performance

For the half-year ended September 30, 2025, MEPL reported:

• Total revenue: ₹4,936.59 crore
• Profit before tax: ₹660.94 crore
• Net profit: ₹475.02 crore

These figures represent a significant improvement in the company's financial health compared to the previous year.

Management Change

In a separate development, MEPL announced that Mr. Suraj Dhumale, the Company Secretary and Compliance Officer, has resigned from his position. The resignation will be effective from December 12, 2025. Mr. Dhumale cited personal reasons for his departure, with no other material reasons disclosed.

Joint Ventures and Operations

MEPL is involved in several joint ventures, including:

1. MEPIDL-MCL-JV for road construction
2. Aquatech-MEPL-JV for the Khopoli Underground Sewerage Scheme
3. Aquatech-MEPL Nashik JV for water treatment projects in Nashik

These joint ventures contribute to the company's revenue and profitability, with the financial results incorporating their performance.

Outlook

The strong financial results, particularly the turnaround from loss to profit, suggest that MEPL's strategic initiatives and project executions are yielding positive outcomes. The resignation of the Company Secretary may require attention to ensure a smooth transition in the company's compliance and secretarial functions.