Mold-tek technologies Limited delivered exceptional financial performance in Q3 FY26, with consolidated revenue surging 56.75% year-on-year to ₹5,266.70 lakhs compared to ₹3,359.89 lakhs in the corresponding quarter of the previous fiscal. The engineering services company, which specializes in civil and mechanical domains, announced these results following its board meeting held on February 12, 2026.

The company's profitability showed remarkable improvement with consolidated profit after tax jumping 617.54% to ₹388.85 lakhs from ₹54.19 lakhs in Q3 FY25. EBITDA increased substantially by 171.97% to ₹667.31 lakhs compared to ₹245.37 lakhs in the same quarter last year.

Quarterly Financial Performance

The strong performance was attributed to improved execution across US projects, rising order inflows, operational efficiencies, and initial contributions from the newly acquired Beryl Project Engineering LLC, whose revenues started consolidating from November 1, 2025.

On a sequential basis, consolidated revenue increased 30.91% from ₹4,023.10 lakhs in Q2 FY26, while PAT grew 20.20% from ₹323.52 lakhs in the previous quarter.

Standalone Results Show Strong Growth

The standalone financial results also demonstrated robust performance with revenue growing 22.64% year-on-year to ₹3,626.52 lakhs from ₹2,957.11 lakhs in Q3 FY25. Standalone profit after tax surged 670.14% to ₹361.89 lakhs compared to ₹46.99 lakhs in the corresponding quarter last year.

Beryl Acquisition Contributes to Growth

The company acquired Beryl Project Engineering LLC through its subsidiary Beryl Engineering Inc., effective November 1, 2025, with two months of financials consolidated in Q3 FY26. Beryl LLC contributed USD 1.39 million in revenue and USD 137,000 in PAT for the two months ending December 31, 2025. However, the subsidiary Beryl Inc. incurred one-time acquisition costs of USD 91,000 during the quarter.

Beryl brings 14 years of experience in providing residential engineering services in Florida, with a team of around 40 US employees. Following the acquisition, Mold-Tek started recruiting design engineers and drafters suitable for Beryl's operations to expand revenues and improve margins.

Management Commentary and Growth Strategy

During the earnings conference call held on February 12, 2026, Chairman and Managing Director J. Lakshmana Rao outlined the company's strategic vision for growth. He highlighted that the company is targeting ₹230-240 crores revenue next year, comprising ₹180 crores from standalone operations and approximately ₹60 crores from Beryl's USD 6-7 million contribution.

The management emphasized plans to leverage cost arbitrage by transferring Beryl's back-office work to India, potentially improving EBITDA margins from Beryl's current 8-10% to 30-35%. The company is also downsizing its automotive team from 160 to 60 employees due to industry headwinds, while retraining staff for poles and towers division where demand is growing.

Operational Improvements and Future Outlook

The Civil and Structural Division is entering a strong recovery phase, with orders on hand increasing from USD 2.71 million to USD 4.50 million. Key growth drivers include design-led capabilities, rising demand for Pre-Engineered Metal Buildings (PEMB), and resumption of deferred projects across industrial, commercial, and infrastructure segments.

For the Mechanical Engineering Services division, the company recently signed a Master Service Agreement with a leading Plant Engineering Services company to provide on-site engineers for three years, with revenues expected to improve performance from Q1 FY27.

Regulatory Compliance and Publication

The unaudited financial results were approved by the board of directors at their meeting held on February 12, 2026, and have been filed with BSE Limited and National Stock Exchange of India Limited under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the statutory auditors Praturi & Sriram, Chartered Accountants, who issued limited review reports for both standalone and consolidated financial statements.

Pursuant to Regulation 30 and Regulation 47 of SEBI regulations, the company published its unaudited financial results in Financial Express (English) and Nava Telangana (Telugu) newspapers on February 13, 2026. The earnings conference call transcript was also filed with stock exchanges on February 17, 2026, providing detailed insights into the company's strategic direction and growth plans.

Mold-Tek Technologies Limited (MTTL) has announced a strategic acquisition of Beryl Project Engineering, a Florida-based company, for $2.7 million. This move marks MTTL's entry into the residential building permits and approvals services sector in the United States.

Acquisition Details

• Acquired Company: Beryl Project Engineering
• Location: Tampa, Florida
• Purchase Price: $2.7 million (plus working capital adjustments)
• Beryl's Financial Performance:
  • Revenue: $5.6 million (last financial year)
  • Profit: Approximately $0.5 million

Strategic Implications

The acquisition of Beryl Project Engineering is expected to expand Mold-Tek's service offerings in the U.S. construction industry. Key points include:

1. Entry into Residential Services: MTTL, previously focused on industrial and commercial buildings, now enters the residential sector.
2. Expanded Service Range: Services will include permits, approvals, inspections, and on-site inspection support for residential and semi-commercial buildings.
3. Geographic Expansion: Currently operating in two Florida counties, with plans to expand to more counties and states.
4. Synergy with Existing Operations: Complementary to MTTL's current civil engineering services, allowing for cross-selling opportunities.

Financial Outlook

• Consolidation: Beryl's financials will be consolidated from November 1, 2025.
• Expected Contribution: Meaningful contribution expected from Q3 FY2026.
• Margin Improvement: MTTL anticipates Beryl's EBITDA margins to improve from current 7-8% to 15-20% over time.

Technological Edge

Beryl brings AI-modeled plan review and permit processing procedures, which are expected to enhance efficiency and scalability of operations.

Management Commentary

J. Lakshmana Rao, Chairman and Managing Director of MTTL, stated, "This acquisition brings Mold-Tek into a big area of civil engineering. The expansion ability of the operations and widening the horizon of our revenues can be significantly big."

Recent Financial Performance

MTTL reported improved financial results for Q2 FY2026:

Future Outlook

1. Order Book: Current work on hand in civil engineering is over $4.5 million, showing an upward trend.
2. Revenue Target: MTTL aims to achieve a consolidated revenue of $27 million for FY2027, including $7 million from Beryl.
3. Market Expansion: Plans to expand services to 5-6 counties within the next 6 months.
4. Diversification: Focus on expanding into industrial machinery, special purpose machines, and plant engineering to reduce dependence on the automotive sector.

The acquisition of Beryl Project Engineering positions Mold-Tek Technologies for growth in the U.S. construction services market, particularly in the residential sector. With the integration of AI technologies and expansion plans, MTTL appears poised for enhanced market presence and improved financial performance in the coming years.