Shares of Gujarat-based Anup Engineering rose over 4% on Monday, November 10, after the company reported its earnings for the second quarter of FY26, showing strong revenue growth but a flat bottom line.

For the quarter ended September 30, 2025, the manufacturer of critical process equipment for core industries reported ₹232.3 crore in revenue from operations, up 20.3% year-on-year and 32.7% sequentially. Revenue in the same quarter last year stood at ₹193 crore, while the June quarter reported ₹175 crore.

Net profit came in marginally lower at ₹32 crore, compared with ₹32.5 crore a year earlier. EBITDA rose 18.9% year-on-year to ₹51.5 crore, though EBITDA margin narrowed slightly to 22.2% from 22.4%.

Oil & Gas contributed 42% of the quarter’s revenue, followed by petrochemicals (30%

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