Engineers India (ENGINERSIN) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 turnover was INR 611 crore (₹6,110 million), down from INR 808 crore (₹8,080 million) in Q1 FY24, mainly due to lower turnkey segment execution as major contracts neared closure.

• PAT for Q1 FY25 was INR 55 crore (₹505 million), compared to INR 114 crore (₹1,136 million) in Q1 FY24; PBT was INR 74 crore versus INR 153 crore year-over-year.

• Order book as of June 30, 2024, stood at INR 9,658 crore (₹96,581 million), rising to about INR 11,000 crore after July and August inflows.

• Q1 FY25 business secured reached ₹23,791 million, up from ₹12,652 million in Q1 FY24.

• Un-audited standalone and consolidated financial results for the quarter ended 30th June 2024 were approved by the Board on 9th August 2024.

Financial highlights

• Consultancy and engineering segment turnover was INR 347 crore (₹3,465 million); turnkey segment was INR 264 crore (₹2,641 million) for Q1 FY25.

• Other income for Q1 FY25 was INR 38 crore (₹377 million), down from INR 93 crore (₹926 million) in Q1 FY24, which included a one-time interest income of INR 56 crore (₹5,561.30 lakh).

• Standalone revenue from operations for Q1 FY25 was ₹61,062.37 lakh, down from ₹80,834.15 lakh in Q1 FY24.

• Consolidated net profit for Q1 FY25 was ₹5,894.25 lakh, compared to ₹11,638.04 lakh in Q1 FY24.

• Basic and diluted EPS (consolidated) for Q1 FY25 stood at ₹1.63, down from ₹2.47 in Q1 FY24.

Outlook and guidance

• Revenue guidance for FY25 is INR 3,500 crore, with management confident of meeting targets due to a strong order book.

• Additional order inflow of INR 2,000–3,000 crore is targeted for the remainder of the year, with a balanced mix between consultancy and LSTK segments.

• International orders, especially from Nigeria and the Middle East, are expected towards the end of FY25 or early next year.

• The company maintains its commitment to achieving net zero by 2035.