Anup Engineering reported Q1 FY27 revenue of ₹125.2 Cr and EBITDA of ₹9.5 Cr, marking declines of 28.5% and 76.5% year-on-year respectively.

This performance reflects a planned lower execution due to previous low order bookings and ongoing global challenges, though gross margins remained stable.

EBITDA was primarily impacted by fixed cost under-absorption from lower revenue.

Key revenue contributors were Oil & Gas (40%) and Power & Energy (22%). The company achieved its highest-ever order booking of ~₹315 Cr in the quarter, boosting its pending orderbook visibility to ₹985 Cr.

This includes significant orders for Thermal Power plants, marking its entry into critical heat-exchanger manufacturing for this sector, and two proprietary niche products.

Anup Engineering is also executing large Air-Cool Heat Exchangers for a German client and seeing good traction in its technical services business.

For FY27, management's focus is on stabilizing operations, improving execution, and mitigating risks amidst global volatility.

The company aims to strategically grow its technical services, expand into Nuclear, Thermal, and clean energy storage segments, and continuously add new critical and proprietary products, supported by an encouraging ₹1,100 Cr inquiry pipeline.