Q1 2026 Engineers India Ltd Earnings Call Transcript
Key Points
- Engineers India Ltd (BOM:532178) reported a significant increase in order book position, reaching an all-time high of INR12,145 crore as of June 30, 2025.
- The company achieved a 40% increase in turnover for Q1 FY26, with INR857 crores compared to INR611 crores in Q1 FY25.
- Profit before tax and profit after tax increased by approximately 27% compared to the same quarter last year.
- The company maintains a healthy earnings per share of INR1.25 for the quarter, up from INR0.97 in the previous year.
- International business, particularly from the Middle East and Abu Dhabi, is contributing significantly to the company's growth, with secured business worth INR960 crores.
- The company reported losses in its joint venture due to a planned shutdown of the RFCL project, impacting profitability.
- Consultancy margins were lower this quarter, with expectations of 20% to 25% margins going forward, compared to higher margins in previous quarters.
- The projected growth for the consultancy segment is expected to be in the range of 12% to 15%, which is lower than some analysts' expectations.
- There is a discrepancy in growth projections, with management providing a conservative estimate of 15% to 20% growth, while other statements suggested a potential 30% to 35% growth.
- The company's LSTK (Lump Sum Turnkey) margins are expected to remain in the range of 6% to 7%, which may not significantly improve in the near term.
Ladies and gentlemen, good day, and welcome to the Engineers India Limited Q1 FY26 earnings conference call hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded.
I will now hand the conference over to Ms. Bhoomika Nair from DAM Capital Advisors Limited for opening remarks. Thank you, and over to you.
hanks. Good morning everyone, and a warm welcome to the Q1 FY26 earnings call of Engineers India Limited. From the management today, we have Mr. Sanjay Jindal, Director Finance; Mr. Suvendu Padhi, Company Secretary and Investor Relations; Mr. R.P. Batra, Executive Director, Finance & Accounts and Investor Relations; Mr. Amanpreet Singh Chopra, Senior General Manager, C&MD Office and IR; Mr. Vivek Midha, Senior General Manager, Marketing BD, and IR; 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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