| Management target | Revenue 10.0% FY28 |
|---|
| Revenue growth | Turnover flat at ₹802 Cr; Consultancy revenue grew to 68% share. |
|---|---|
| Margins | Operating margin expanded significantly from 14% to 19% QoQ. |
| Order book | All-time high of ₹20,421 Cr as of September 30, 2026. |
| Demand visibility | Strong domestic refinery demand; Middle East outlook cautious due to war. |
| Management confidence | Confident; focus on high-margin consultancy projects and diversified sectors. |
Growth
PAT surged 65% QoQ to ₹180 Cr despite stagnant revenue of ₹802 Cr.
Outlook
Management raised annual order inflow guidance to ₹8,000+ Cr; Revenue target ₹4,200 Cr for FY27.
Risks
Geopolitical instability in the Middle East stalls projects; turnkey execution remains slow at 32%.
Last quarter's promises, checked
Delivered
- Guided op margin 16% FY27 → 19% QoQ (= BEAT)
- Guided consultancy >50% (~55%) of turnover → 68% of revenue (= BEAT)
- Guided consultancy segment profit 24–25% → 25–30% cited (= BEAT)
Partly delivered
- Guided ₹8,000 Cr order inflow → ₹2,750 Cr secured by 14-Aug (= PARTIAL)
- Guided turnkey ramp Q3–Q4 → Q2 turnkey still slow at 32% of revenue (= PARTIAL, H2 untested)
Missed
- Guided ≥10% FY27 turnover growth (~₹4,200 Cr) → Q1 ₹801 Cr vs ₹857 Cr YoY; Q2 flat QoQ at ₹802 Cr (= MISS)
- Guided FY28 revenue ₹5,000 Cr → now +10% YoY (= MISS, target cut)
Earnings Call Transcript filed with NSE, NSE: ENGINERSIN. Summary written with AI assistance from the document.
Engineers India Ltd: key numbers
- Share price
- ₹251.85
- Market cap
- ₹14,155 Cr
- Revenue (annual)
- ₹3,928 Cr
- Net profit (annual)
- ₹691.6 Cr
- P/E (TTM)
- 18.1×Sector 45.0×
- Promoter holding
- 51.32%+0.00% QoQ
- FII holding
- 8.09%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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