Engineers India (ENGINERSIN) Q1 26/27 earnings summary

Executive summary

• Order book as of June 30, 2026, stands at INR 14,424 crore, with consultancy at INR 10,498 crore and turnkey at INR 3,926 crore. Q1 FY 2027 profit before tax rose 55% year-over-year to INR 145 crore; profit after tax also up 55% to INR 109 crore. Consolidated profit for Q1 FY 2027 surged 141% year-over-year to INR 157.94 crore, with joint ventures contributing INR 42.51 crore versus a loss last year.

• Q1 FY26-27 total income was ₹8,379 million, down from ₹8,921 million in Q1 FY25-26, with consultancy income rising and turnkey income declining year-over-year. Segment profit increased to ₹1,423 million from ₹932 million in Q1 FY25-26, driven by higher consultancy margins. PAT for Q1 FY26-27 was ₹1,136 million, up from ₹701 million in Q1 FY25-26.

• Un-audited standalone and consolidated financial results for the quarter ended 30th June 2026 were approved by the Board on 13th August 2026. Limited review reports from independent auditors confirm no material misstatements in the financial disclosures. Appointment of two new non-official independent directors for a three-year term was approved.

Financial highlights

• Standalone turnover for Q1 FY 2027 was INR 801 crore, down from INR 857 crore year-over-year. Operating margin improved to 14% (INR 108 crore) from 7% (INR 59 crore) year-over-year. EBITDA margin rose to 18.55% (INR 155 crore) from 11.72% (INR 104 crore) year-over-year. Order inflow for Q1 FY 2027 was INR 514 crore.

• Consultancy turnover grew to ₹4,990 million in Q1 FY26-27 from ₹4,081 million in Q1 FY25-26. Turnkey turnover declined to ₹3,019 million from ₹4,490 million year-over-year. Segment profit margin for consultancy reached 24% in Q1 FY26-27, while turnkey margin was 8%. Other income for Q1 FY26-27 was ₹371 million.

• Standalone revenue from operations for Q1 FY27 was ₹80,086.79 lakhs, down from ₹89,866.76 lakhs in the previous quarter and ₹85,714.75 lakhs year-over-year. Standalone net profit for the quarter was ₹10,859.48 lakhs, compared to ₹15,201.65 lakhs in the previous quarter and ₹7,008.05 lakhs year-over-year. Consolidated revenue from operations for Q1 FY27 was ₹81,984.22 lakhs, down from ₹92,629.06 lakhs in the previous quarter and up from ₹87,035.93 lakhs year-over-year. Consolidated net profit for the quarter was ₹15,793.58 lakhs, compared to ₹19,553.40 lakhs in the previous quarter and ₹6,540.09 lakhs year-over-year.

Outlook and guidance

• Management maintains FY 2027 order inflow target of INR 8,000 crore, with optimism to exceed it. Consultancy segment expected to contribute 50-60% of revenue, with targeted turnover growth of at least 10%. Operating margin guidance for FY 2027 is 16%, with potential upside if change orders are finalized. Annual order inflow of INR 8,000 crore expected to be sustainable for the next few years.

• Focus remains on achieving Net Zero by 2035 and expanding both domestic and overseas consultancy projects. Order book as of June 2026 stands at ₹151,093 million, with 72% from consultancy.

• Management notes that margins in turnkey projects do not accrue uniformly during the year, and segment performance is best assessed on a full-year basis.