Engineers India (ENGINERSIN) Q1 25/26 earnings summary

Executive summary

• Achieved an all-time high order book of INR 121,443 million as of June 30, 2025, up from INR 117,170 million at March 31, 2025, with consultancy comprising 56%.

• Q1 FY26 turnover rose 40% year-over-year to INR 8,571 million, with consultancy and turnkey segments contributing INR 4,081 million and INR 4,490 million, respectively.

• Profit before tax increased to INR 937.63 million; profit after tax for Q1 FY26 reached INR 906 million, with PAT margin improving to 10%.

• International business, especially from the Middle East, is a key growth driver, with major assignments from Abu Dhabi, Kuwait, ADNOC, and Saudi Arabian Chevron.

• Un-audited standalone and consolidated financial results for the quarter ended 30th June 2025 were approved by the Board on 13th August 2025.

Financial highlights

• EBITDA for Q1 FY26 was INR 1,050 million, with an EBITDA margin of 12%, up from INR 850 million and 7% margin in Q1 FY25.

• Earnings per share for the quarter was INR 1.25, up from INR 0.97 in the prior year; consolidated EPS was INR 1.16.

• Consolidated profit for the quarter stood at INR 654 million.

• Cash position is strong at INR 11,000 million.

• Total business secured in Q1 FY26 was INR 14,292 million, with a 57% consultancy and 43% turnkey mix.

Outlook and guidance

• Management projects overall revenue growth of 15%-20% for FY26, with consultancy segment expected to grow 12%-15%.

• If change orders are approved, growth could reach 30%-35%.

• Consultancy margins are expected to remain in the 20%-25% range; LSTK/turnkey margins at 6%-7%.

• Order inflow target is at least INR 8,000 million annually, with potential for 10%-20% growth.

• Focus remains on achieving net zero by 2035 and expanding both domestic and overseas consultancy projects.