News

McNally Bharat Engineering Company Limited announced that its Board of Directors has appointed Mr. Pradip Kumar Bishnoi, currently an Independent Director, as the Non-executive Chairman of the company, effective August 24, 2026, and until January 5, 2030, or until earlier determined by the Board. Mr. Bishnoi holds a Bachelor of Engineering in Petroleum Engineering and a Master of Business Management from IIM, Ahmedabad, and has over 45 years of experience in sectors including steel, natural gas, and industrial packaging, previously serving as CMD of Rashtriya Ispat Nigam Limited and MD of Balmer Lawrie & Co. Limited.

McNally Bharat Engineering Company Limited announced that Partha Sarathi Bhattacharyya has resigned as Chairman and Independent Director, effective August 13, 2026, due to age-related health issues. Bhattacharyya also ceases to be a member of the Stakeholders Relationship Committee, Nomination & Remuneration Committee, Risk Management Committee, and Audit Committee of the company, and held directorships at Texmaco Rail & Engineering Ltd. and Ramkrishna Forgings Ltd.

McNally Bharat Engineering Company Limited announced that Partha Sarathi Bhattacharyya has resigned as Chairman and Independent Director, effective August 13, 2026, due to age-related health issues. Bhattacharyya will also cease to be a member of the Stakeholders Relationship Committee, Nomination & Remuneration Committee, Risk Management Committee, and Audit Committee of the company, and held directorships at Texmaco Rail & Engineering Ltd. and Ramkrishna Forgings Ltd.

McNally Bharat Engineering Company will hold a meeting of the Board of Directors of the Company on 12 August 2026.

Net Loss of McNally Bharat Engineering Company reported to Rs 69.13 crore in the quarter ended March 2026 as against net loss of Rs 998.97 crore during the previous quarter ended March 2025. Sales declined 49.87% to Rs 15.23 crore in the quarter ended March 2026 as against Rs 30.38 crore during the previous quarter ended March 2025.For the full year,net profit reported to Rs 3449.55 crore in the year ended March 2026 as against net loss of Rs 1716.11 crore during the previous year ended March 2025. Sales declined 30.00% to Rs 73.51 crore in the year ended March 2026 as against Rs 105.02 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales15.2330.38 -50 73.51105.02 -30 OPM %-212.28-2628.41 --299.76-821.94 - PBDT-44.08-995.92 96 -441.63-1710.80 74 PBT-44.65-996.63 96 -444.10-1713.77 74 NP-69.13-998.97 93 3449.55-1716.11 LP Powered by Capital Market - Live News