Synopsis:
MBL Infrastructure Ltd, gained after the company secured a Change of Scope order for the DBFOT project in the Bikaner-Suratgarh Section of NH-62, Rajasthan. With additional scope works underway and a growing order pipeline, the company has reaffirmed its focus on expansion amid recent financial pressures.
An infrastructure stock edged higher after announcing a fresh order win in Rajasthan, boosting investor sentiment. The stock reflected optimism around new project opportunities even as revenue declined both sequentially and year-on-year.
MBL Infrastructure Ltd, with a market capitalization of Rs. 659.38 crore, opened at Rs. 42.44 against a previous close of Rs. 41.82. The stock touched an intraday high of Rs. 44, marking a rise of 5.2 percent from the prior close.
What’s the News?
MBL Infrastructure Ltd has secured a Change of Scope (CoS) order worth Rs. 11.06 crore for the DBFOT project of the Bikaner-Suratgarh Section of NH-62 in Rajasthan. The project is executed by Suratgarh Bikaner Toll Road Company Pvt Ltd (SBTRCPL), a wholly owned subsidiary of MBL, under a concession agreement signed in May 2012.
While the original scope of work has been completed and toll collection is ongoing for 170.266 km of National Highway, additional scope worth Rs. 20.22 crore is already in progress for constructing a new bridge across IGNP main canal. The fresh Rs. 11.06 crore order covers the construction of a junction, the strengthening of service roads, and the building of two culverts.
Also Read: Bulk Deal: Stock jumps after FII acquires 3.87% stake worth ₹188 Cr in company
Management Commentary
“All Bank accounts of the Company have been classified as ‘Standard’ by working capital consortium banks and have been transferred to Corporate Client Group Vertical of Banks.
With the availability of non-fund based working capital facilities (BGs/LCs) of Rs 303.63 crores, the Company has started bidding for new projects and has already bidded for projects of Rs 889.54 crores and has identified projects to be bidded so as to target procurement of new orders of Rs 1000 crores during current financial year 2025-26″ said Mr Anjanee Kumar Lakhotia, Chairman & Managing Director, while addressing Company officials.
Financial Snapshot
On a sequential basis, revenue fell by 9.7 percent to Rs. 28 crore in Q1FY26 from Rs. 31 crore in Q4FY25. Operating loss widened from Rs. 7 crore to Rs. 22 crore. The company reported a pre-tax loss of Rs. 12 crore against a Rs. 48 crore loss in the prior quarter. Net loss narrowed to Rs. 12 crore from Rs. 47 crore in the preceding quarter.
On a year-on-year basis, revenue dropped 17.6 percent to Rs. 28 crore from Rs. 34 crore in Q1FY25. Operating loss narrowed from Rs. 26 crore to Rs. 22 crore. The company reported a pre-tax loss of Rs. 12 crore compared to a profit of Rs. 224 crore in the same quarter last year. Net result also swung to a Rs. 12 crore loss from a profit of Rs. 224 crore a year earlier.
About the Company
MBL Infrastructure Ltd, incorporated in 1995 and listed on stock exchanges since 2010, is engaged in executing large-scale civil engineering infrastructure projects across India. Its portfolio spans roads and highways construction, BOT and O&M projects, urban infrastructure, housing, railways, metro works, and other civil projects. The company has executed projects across multiple states in India.
Written By Manan Gangwar
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