Q2 2025 Engineers India Ltd Earnings Call Transcript
Key Points
- Engineers India Ltd (BOM:532178) reported a significant increase in order inflow, reaching INR 6,866 crore by the end of October 2024, compared to INR 3,400 crore in the previous financial year.
- The company's order book stands at approximately INR 12,000 crore, indicating a strong pipeline of future projects.
- Profit before tax increased by 36% in the second quarter compared to the first quarter of the current financial year.
- The company is maintaining a healthy segment profit margin of 20-25% in consultancy and around 5% in LSTK (Lump Sum Turn Key) projects.
- Engineers India Ltd (BOM:532178) is actively expanding its international business, with significant order bookings from its Middle East office in Abu Dhabi.
- Revenue from the turnkey segment saw a decline of around 19% due to the completion of major projects in the first half of the financial year.
- The company's EBITDA margins for the first two quarters were lower than the previous year's 8.8%, raising concerns about profitability.
- There is uncertainty regarding the completion timeline for the Numaligarh expansion project, which affects future revenue recognition.
- The company faces intense competition in the market, which could impact future order acquisition and profitability.
- Some major projects, such as those in the nuclear sector, are still in the initial stages, with no concrete developments yet.
Ladies and gentlemen, good day and welcome to the Engineers, India Limited Q2 fr 25 earnings conference call hosted by Dam Capital Advisors Limited.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone.
Please note that this conference is being recorded. I now hand the conference over to Mbu Mika Naa from Dam Capital Advisors Limited. Thank you and over to you, ma'am.
Yeah. Thanks Neha. Good afternoon, everyone and a warm welcome on behalf of the capital to the two QF 525 warnings call of engineers India Limited. We have the management today being represented by Mr Sanjay Jindal, Director, Finance, Mr Su Indupa Company Secretary and Investor relations, Mr Ati Batra, Executive Director of Finance and Accounts and Investor Relations.
Mr Sunil
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