Shares of Anup Engineering Ltd gained over 4% on Monday, November 10, after the company reported its Q2 FY26 earnings, showcasing strong revenue growth but a largely flat bottom line.
For the quarter ended September 30, 2025, the Gujarat-based manufacturer of critical process equipment reported revenue from operations of Rs 232.3 crore, marking a 20.3% year-on-year increase from Rs 193 crore in Q2 FY25 and a 32.7% sequential rise from Rs 175 crore in Q1 FY26.
The company’s net profit stood at Rs 32 crore, marginally lower than Rs 32.5 crore reported in the same quarter last year. Meanwhile, EBITDA rose 18.9% YoY to Rs 51.5 crore, although the EBITDA margin slightly narrowed to 22.2% from 22.4% in the year-ago period.
Breaking down the sectoral contribution, Oil & Gas accounted for 42% of quarterly revenue, followed by petrochemicals at 30%, and other sectors at 28%.
During the quarter, Anup Engineering commissioned Phase-2(A) of its Kheda plant, which is expected to contribute an additional Rs 150–200 crore in annual revenue once it becomes fully operational by Q3 FY26. The company stated, “This also ensures adequate capacity for next year in line with our medium-term growth guidance.”
On the NSE, Anup Engineering shares closed 4.19% higher at Rs 2,409.90.
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