Q3 2025 Engineers India Ltd Earnings Call Transcript
Key Points
- Engineers India Ltd (BOM:532178) reported an 11% increase in turnover for Q3 FY25, reaching INR750 crores compared to the previous quarter.
- The company achieved a significant 72% increase in profit from operations, with operating margins rising to 11% from 7% in the previous quarter.
- EBITDA for the quarter increased by 16% to INR128 crores, indicating strong operational performance.
- The company has an all-time high order book of INR11,353 crores, with a balanced mix of consultancy and turnkey projects.
- Engineers India Ltd (BOM:532178) is expanding its focus beyond hydrocarbons, targeting sectors like infrastructure, metallurgy, and green energy, which could diversify revenue streams.
- Other income for the quarter decreased to INR37 crores from INR53 crores in the previous quarter, indicating a decline in non-operational revenue.
- The consultancy segment's order book, although strong, is currently at INR5,500 crores, which is below the previously anticipated INR8,000 crores to INR8,500 crores.
- The CPCL project is on hold due to land issues, which could delay revenue recognition from this project.
- The company's international business, while stable, has not seen significant growth in large government-to-government projects.
- There is uncertainty regarding the future of the West Coast refinery project, which could impact potential future orders.
Ladies and gentlemen, good day and welcome to the Engineers India Limited Q3 FY25 earnings conference call hosted by DAM Capital Advisors. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Bhoomika Nair from DAM Capital Advisors. Thank you, and over to you, ma'am.
Thanks, Rojita. A warm welcome to everyone on the 3Q FY25 earnings call of Engineers India.
We have the management today being represented by Mr. Sanjay Jindal, Director, Finance; Mr. Suvendu Padhi, Company Secretary and Investor Relations; Mr. R. P. Batra, Executive Director of Finance and Accounts and Investor Relations; Mr. Amanpreet Singh Chopra, Senior General Manager, C&MD Office and IR; Mr. Vivek Midha, Senior General Manager, Marketing, Business Development and Investor Relations; and Ms. Neha Narula, Senior Manager, Company Secretary and IR.
At this point, I'll hand over the floor to Mr. Jindal for his initial remarks, post which we'll open up the
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