M&B Engineering Approves ₹30 Crore Sanand Heavy Structural Steel Expansion

Growth Amid Cost Pressure PAT at Rs 21.9 Cr in Q1 FY27 (consolidated), +20.8% YoY. Revenue at Rs 291 Cr in Q1 FY27 (consolidated), +22.5% YoY. EBITDA at Rs 35.8 Cr, +6.2% YoY. EBITDA margin at 12.3% vs 14.2%; other expenses grew 56.5% vs revenue growth of 22.5%. Orders on hand at Rs 1,053 Cr, +24.9% YoY. Management expects revenue growth of over 25% in FY27. Board approved a Rs 30 Cr Sanand heavy-structural-steel expansion adding 10,000 MTPA, recommended FY26 final dividend subject to shareholder approval, and approved director reappointments and ESOP allotment.