Engineers India reported a 56% year-on-year increase in second-quarter net profit to ₹180 crore, even as overall turnover slid from ₹900 crore to ₹802 crore. Profitability was aided by expanding EBITDA margins, which reached 27% alongside a record order book of ₹20,421 crore. The six-month performance reflected similar strength, yielding ₹288 crore in total net profit on the back of ₹7,428 crore in new contract wins. Shares responded vigorously on the BSE, rebounding from support near the 200-day exponential moving average.
Key points
Consultancy services drove the majority of order inflows, contributing ₹5,762 crore of th…: Consultancy services drove the majority of order inflows, contributing ₹5,762 crore of the total contracts secured in the first half of FY27.
Technical analysts identify near-term resistance between ₹290 and ₹300 following the stoc…: Technical analysts identify near-term resistance between ₹290 and ₹300 following the stock's rebound from its 200-day exponential moving average.
Long-term operational strategy will prioritize diversification across energy transition,…: Long-term operational strategy will prioritize diversification across energy transition, conventional energy, and broader infrastructure sectors.
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Shares of state-owned Engineers India Ltd (EIL) surged 15% on Monday, 2 November, after the company reported a 56% year-on-year increase in net profit for the September quarter of FY27. The company also posted its highest-ever order book of ₹20,421 crore, signalling strong business momentum and improved revenue visibility.
Engineers India's consolidated net profit rose to ₹180 crore in Q2 FY27, compared with the corresponding period last year. On a sequential basis, profit increased 66% from ₹108.5 crore in the April-June quarter, according to the company's financial results.
The company's operating performance also improved during the quarter. EBITDA, including other income, increased to ₹240 crore from ₹155 crore in the preceding quarter, while the EBITDA margin expanded to 27% from 19%. However, turnover declined to ₹802 crore in Q2 FY27 from ₹900 crore in Q2 FY26.
The engineering and consultancy company secured fresh orders worth ₹7,428 crore during the first half of FY27. This included ₹5,762 crore from consultancy services and ₹1,666 crore from turnkey projects.
With these additions, its total order book reached an all-time high of ₹20,421 crore…
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