The Anup Engineering Limited (TAEL), a leading manufacturer of static process equipment, has reported robust financial results for the second quarter of fiscal year 2026, alongside significant leadership changes and expansion plans.

Financial Highlights

TAEL demonstrated impressive growth in Q2 FY26, with consolidated revenue reaching ₹232.28 crore, marking a 20.3% increase year-over-year. The company's EBITDA also saw a substantial rise of 19%, reaching ₹51.3 crore.

Key financial metrics for Q2 FY26 include:

Despite the strong top-line growth, the company's Profit After Tax (PAT) showed a marginal decline of 1.5% due to the normalization of the effective tax rate to 25% compared to 14% in Q2 FY25.

Operational Performance

TAEL reported a healthy order book of ₹568 crore, including Letters of Intent worth ₹49 crore. This robust order book aligns with the company's growth guidance of 15-20% for the full year FY26. The company maintains a balanced mix between domestic and export orders, with a 55:45 ratio, indicating a pickup in domestic demand.

Expansion and Capacity Enhancement

The company has made significant strides in expanding its manufacturing capabilities:

1. Successfully commissioned Phase-2(A) at its Kheda Plant, with an annual revenue potential of ₹150-200 crore.
2. Phase-2(B) at the Kheda Plant is expected to be operational by the end of Q3 FY26, with a projected annual revenue potential of ₹100-150 crore.

These expansions are set to ensure adequate capacity to meet the company's medium-term growth targets.

Leadership Transition

In a significant development, TAEL announced a leadership change:

• Mr. Sanjay Lalbhai will step down from his position as Chairman and Non-Executive Director, effective November 10, 2025.
• Mr. Punit Lalbhai, currently serving as Vice-Chairman, will assume the role of Chairman of the company.

Mr. Sanjay Lalbhai commented on his departure, stating, "As part of our succession planning and to ensure continuity in leadership, I have decided to step down from my position. I am confident that under Punit's leadership, TAEL will continue to build on its strong foundation and deliver sustainable, long-term value for all stakeholders."

Mr. Punit Lalbhai, expressing his vision for the future, said, "I am honoured to take on the role of Chairman at The Anup Engineering Limited. As we move forward, I look forward to working closely with Mr. Reginaldo D'Souza, our Managing Director & Chief Executive Officer, and the entire TAEL team to drive innovation, strengthen customer relationships, and create enduring value for all stakeholders."

Outlook

TAEL maintains a positive outlook for the remainder of FY26:

• The company aims to maintain EBITDA margins at around 22% levels.
• With a strong order book and ongoing capacity expansions, TAEL is well-positioned to achieve its growth targets for the fiscal year.
• The balanced mix of domestic and export orders provides resilience to market fluctuations.

As The Anup Engineering continues its growth trajectory under new leadership, the company appears well-equipped to capitalize on opportunities in the static process equipment market, both domestically and internationally.

The Anup Engineering Limited (TAEL), a leading manufacturer of static process equipment, has reported its financial results for the second quarter of fiscal year 2025-26, alongside a significant leadership change at the helm of the company.

Financial Performance

For the quarter ended September 30, 2025, TAEL reported:

The company witnessed a substantial year-on-year revenue growth of 23.83%, with total income rising to ₹2,326.44 crore from ₹1,878.73 crore in the same quarter of the previous year. This growth was primarily driven by increased sales in the engineering products segment.

Despite the robust top-line growth, net profit saw a marginal decline of 0.89%, settling at ₹320.26 crore compared to ₹323.15 crore in the corresponding quarter last year. The slight dip in profitability may be attributed to increased operational costs and changes in the product mix.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed a healthy increase of 20.05%, rising from ₹429 crore to ₹515 crore. However, the EBITDA margin experienced a slight contraction, decreasing by 66 basis points to 22.20% from 22.86% in the previous year.

Leadership Transition

In a significant development, TAEL announced a change in its top leadership. Mr. Sanjay S. Lalbhai has stepped down from his position as Chairman and Non-Executive Director of the company, effective November 10, 2025. This move is part of the company's succession planning process.

The Board of Directors has appointed Mr. Punit S. Lalbhai, who previously served as Vice-Chairman, as the new Chairman of TAEL. This transition aims to ensure continuity in leadership and sustain the company's growth trajectory.

Commenting on his departure, Mr. Sanjay Lalbhai stated, "It has been an honour to serve on the Board of The Anup Engineering Limited and witness its evolution into a leading player in the engineering industry. I am confident that under Punit's leadership, TAEL will continue to build on its strong foundation and deliver sustainable, long-term value for all stakeholders."

Mr. Punit Lalbhai, expressing his vision for the future, said, "I am honoured to take on the role of Chairman at The Anup Engineering Limited. As we move forward, I look forward to working closely with Mr. Reginaldo D'Souza, our Managing Director & Chief Executive Officer, and the entire TAEL team to drive innovation, strengthen customer relationships, and create enduring value for all stakeholders."

In addition to this change, the Board has appointed Mr. Kulin S. Lalbhai as an Additional Director in the capacity of Non-Executive Director, subject to shareholder approval.

These leadership changes, coupled with the company's financial performance, signal a new chapter for The Anup Engineering Limited as it continues to navigate the dynamic engineering sector.