Expo Engineering FY26 Profit Falls 41%, Posts Q4 Loss Amid Merger Talks

Expo Engineering And Projects Ltd has reported a challenging fiscal year ending March 31, 2026, marked by a significant drop in sales and profits, a loss in the fourth quarter, and progress in merger discussions.

Financial Declines and Q4 Loss

For fiscal year 2026, Expo Engineering's net sales declined 40% to ₹68.23 crore, down from ₹114.74 crore in FY2025. Profit before tax saw a 41% decrease, falling to ₹2.41 crore from ₹4.12 crore in the prior year. Total comprehensive income for the year was ₹1.93 crore, compared to ₹3.13 crore in FY2025.

The company recorded a net loss of ₹0.48 crore in total comprehensive income for the fourth quarter of FY2026.

Merger Process Advances

The company's Board of Directors met on May 11, 2026, approving the standalone audited financial results. In a significant development, the Board also approved the appointment of advisors to evaluate and structure the company's proposed merger.

Other Developments

Expo Engineering reported an online banking fraud of ₹0.15 crore, which is currently under investigation. Mr. Sunil Sawant was re-appointed as the Internal Auditor for FY2026-27. His report for FY2026 was unqualified, confirming no modified opinions.

Company Operations and Sector Context

Expo Engineering And Projects Ltd is primarily engaged in engineering, procurement, and construction (EPC) services for infrastructure projects across India. The firm navigates competitive bidding and project execution. The proposed merger is seen as a strategic move for potential consolidation or expansion.

Key competitors in this space include Larsen & Toubro Ltd (L&T), NCC Ltd, and PNC Infratech Ltd.