McNally Bharat Engineering Company Limited (MBECL) announced its unaudited standalone and consolidated financial results for the third quarter ended December 31, 2025, during its Board Meeting held on February 20, 2026. For the quarter ended December 31, 2025, the company reported a standalone revenue from operations of Rs. 2,481.40 Lakhs, representing a significant increase of 35.19% from Rs. 1,835.46 Lakhs in the previous quarter (September 30, 2025) and a 15.18% increase from Rs. 2,154.35 Lakhs in the corresponding quarter of the previous year. Despite the revenue growth, the company incurred a standalone net loss of Rs. 6,122.15 Lakhs for the current quarter. This compares to a net profit of Rs. 3,81,017.32 Lakhs in the previous quarter (September 2025), which was primarily due to a one-time exceptional gain of Rs. 3,91,813.42 Lakhs arising from the implementation of the NCLT-approved Resolution Plan. Compared to the corresponding quarter of the previous year (December 31, 2024), where the loss was Rs. 27,654.22 Lakhs, the current loss has narrowed by 77.86%.

McNally Bharat Engineering Company Limited is a leading Indian engineering firm primarily engaged in construction and engineering activities for core sector industries. The company recently underwent a Corporate Insolvency Resolution Process (CIRP), with a resolution plan submitted by BTL EPC Limited (through its SPV Mandal Vyapar Private Limited) being fully implemented in early 2025. Following the plan, the company’s Board was reconstituted on January 6, 2025. In early 2026, the company successfully paid outstanding Standard Operating Procedure (SOP) fines to the BSE and NSE, paving the way for the listing of its fresh equity shares. Under its new management, the company is focusing on stabilizing operations and has seen a steady inflow of internal funds from ongoing projects. The company continues to handle legacy issues, including a stay from the Jharkhand High Court obtained in January 2026 regarding EPFO demands. Mandal Vyapar Private Limited now holds a 90% controlling stake in the company as the primary investor following the resolution process.