Q1 2027 Engineers India Ltd Earnings Call Transcript
Key Points
- Profit after tax surged 55% year-over-year to INR109 crores in Q1 FY27, driven by strong operational performance.
- Operating margin nearly doubled to 14% from 7% in the same quarter last year, reflecting improved profitability.
- Consultancy segment revenue grew 22% year-over-year to INR499 crores, with segment profit margin improving to 24%.
- Consolidated profit jumped 141% year-over-year to INR157.94 crores, aided by a turnaround in joint venture contributions.
- Management maintains its INR8,000 crore order inflow target for FY27, with a strong pipeline across nuclear, coal gasification, and infrastructure.
- Order inflow for Q1 FY27 was modest at INR514 crores, well below the annual target, raising execution concerns.
- Turnkey segment revenue declined 33% year-over-year to INR302 crores due to tapering of major projects.
- Middle East market remains challenging with new mega projects on hold, impacting near-term growth prospects.
- No major write-backs or change orders are expected this fiscal, limiting potential margin upside.
- Management's guidance for operating margin remains conservative at 16%, with no clear path to exceed it despite higher consultancy mix.
Ladies and gentlemen, good day, and welcome to the IEL (sic - IEL) Q1 Results for FY26, '27. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Kishan Mundhra from DAM Capital. Thank you, and over to you, sir.
Thanks, Ananya, and very good afternoon to all of you. Thanks for joining in. So today, we have with us the entire management team of Engineers India to discuss the Q1 FY27 results. And post that, we'll follow up -- we follow that up with the Q&A. So from the management, we have with us Mr.
Sanjay Jindal, who is the Director of Finance; Mr. Suvendu Padhi, who is the Company Secretary; Mr. R.P. Batra, who is the Executive Director; Mr. Vivek Midha, the Chief General Manager, Marketing and Business Development; Mr.
Amanpreet Chopra, who is the Senior General Manager; and Ms. Neha Narula, who is the Senior Manager.
With that, I would now like to hand over the conference to the management for their
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