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06th November, 2026
To, To,
Department of Corporate Services Listing Department
BSE Limited, National Stock Exchange of India Limited,
P. J. Towers, Dalal Street, Exchange Plaza, 5th Floor Plot No. C/1,
Mumbai - 400 001 G. Block Bandra - Kurla Complex,
Bandra (E), Mumbai - 400 051
Security Code: 542460
Security ID: ANUP Symbol: ANUP
Dear Sir/Madam,
Sub.: Press Release - Unaudited Financial Results for the Quarter and half year ended on 30th
September, 2026.
Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015
Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we enclose herewith press release issued by the Company in respect of
Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half
year ended on 30th September, 2026.
The copy of Press Release will also be made available on Company’s website i.e.
https://www.anupengg.com/quarterly-report/.
You are requested to take the above on your records.
Thanking you,
Yours faithfully,
For, The Anup Engineering Limited
Lay Desai
Company Secretary
Membership No.: A57117
Encl.: As Above
P RES S REL EAS E Q2 & H 1 FY2 7 RESU L T S
Sequential Performance Improves;
Order Book Strengthened
REVENUE EBITDA EBITDA MARGIN ORDER BOOK
₹182 Cr ₹17 Cr 9.6% ₹941 Cr
+46% QoQ +84% QoQ Improved 200 bps on QoQ incl. LOIs
H1 FY27 HIGHLIGHTS | Year-on-year comparison
■ Resilient performance. Revenue and EBITDA stood at ₹308 Cr and ₹27 Cr, respectively.
■ Robust Orderbook position. Healthy order book of ₹941 Cr, out of which ~390 Cr is booked for
FY28.
■ Clean Energy Storage. Began execution in a new end-user category, a patented Clean Energy
Storage solution, with a European technology partner. A repeat order underscores its scalability
and long-term potential.
Ahmedabad, November 06, 2026: The Anup Engineering Limited (ANUP), one of India’s leading manufacturers
of static process equipment, today announced its financial results for the quarter and half year ended
September 30, 2026.
The Company serves core industries such as Oil & Gas and Petrochemicals, transitory and new-age energy
segments including LNG/LPG and Hydrogen, and high-technology sectors such as Defence, Nuclear and
Aerospace.
The quarter reflects a meaningful sequential improvement in our financial performance. The subdued order
environment caused by geopolitical disruptions over the past year resulted in lower revenue levels, but also
enabled us to proactively realign and debottleneck our operations. These initiatives have strengthened our
execution platform and positions us well to capitalize on the opportunities reflected in our growing order book.
CONSOLIDATED FINANCIAL HIGHLIGHTS
Particulars (₹ crore) Q2 FY27 Q2 FY26 YoY change Q1 FY27 QoQ change
Revenue from operations 182 232 (22%) 125 46%
EBITDA 18 52 (66%) 10 84%
EBITDA margin 9.6% 22.2% – 7.6%
PERFORMANCE HIGHLIGHTS – Q2 and H1 FY27
■ Sequential Recovery. Consistent with our commentary during first quarter call, we delivered a strong
sequential recovery, with revenue in Q2 growing 46% QoQ and improved EBITDA margins.
■ Under-absorption of Fixed cost. During Q2 and H1 FY27, sub-optimal revenue levels impacted EBITDA
margins due to the under-absorption of fixed costs. Nevertheless, gross margins remained resilient, with
only a modest impact from higher raw material costs.
THE ANUP ENGINEERING LIMITED Behind 66 KV Elec. Sub Station, Odhav Road, Ahmedabad-382 415, Gujarat, India.
CIN: L29306GJ2017PLC099085 F: +91 79 2287 0642 T: +91 79 2287 2823, 2287 0622 E: anup@anupengg.com
■ Elevated Cost Pressure due to Geopolitical Tensions. Disruptions caused by elevated geopolitical
tensions contributed largely to a ~6% increase in raw material costs, creating additional headwinds for
overall profitability.
Business mix
Sector mix Product mix
Oil & Gas 57% Heat Exchangers 27%
Power & Energy 12% Reactors & Vessels 66%
Other sectors 31% Rotary Equipment & Silos 7%
OUTLOOK FOR FY27
■ Healthy Order book. Healthy pending orderbook (including LOI) of ₹941 Cr (of which ~₹390 Cr booked for
FY28)
■ Elevated Domestic Demand. Orderbook between Domestic (67%) and Exports (33%), suggesting pick up in
domestic demand.
■ Strong pipeline. An encouraging enquiry pipeline of ₹1200 crore provides strong visibility for order book
build-up across FY27 and FY28.
■ Thermal Power Project. With large Thermal Power projects on the cards, this segment is poised for a
strong growth for at list 3 years. Our strong presence now provides good opportunity.
■ Technical Services. The Company plans to scale up its Technical Services vertical, with a focus on
improving overall profitability.
■ Prudent risk management. Amid heightened geopolitical volatility, the Company is prioritising stability,
consolidation and stronger risk management to safeguard performance.
ABOUT ANUP ENGINEERING
The Anup Engineering Limited serves a wide range of process industries, including Oil & Gas, Petrochemicals, LNG,
Hydrogen, Fertilisers, Chemicals and Pharmaceuticals, Power, Water, Paper & Pulp, and Aerospace. Its extensive product
range spans Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Silos and Tanks, Industrial Centrifuges and
Formed Components. For more information, visit www.anupengg.com
FOR FURTHER INFORMATION
Lay Desai Himanshu Suthar Satya Prakash Mishra
Company Secretary Sr. Manager – Investor Relations Head – Investor Relations
E: cs@anupengg.com E: himanshu.suthar@arvind.in E: Satyaprakash.mishra@arvind.in
T: +91 79 4025 8920
DISCLAIMER
Certain statements contained in this document may be statements of future expectations and other forward looking statements that are based on management’s
current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. None of The Anup Engineering Limited or any of its affiliates, advisors or representatives shall have any liability
whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this
document. This document does not constitute an offer or invitation to purchase or subscribe for any shares and neither it nor any part of it shall form the basis of or
be relied upon in connection with any contract or commitment whatsoever.
THE ANUP ENGINEERING LIMITED Behind 66 KV Elec. Sub Station, Odhav Road, Ahmedabad-382 415, Gujarat, India.
CIN: L29306GJ2017PLC099085 F: +91 79 2287 0642 T: +91 79 2287 2823, 2287 0622 E: anup@anupengg.com