Engineers India (ENGINERSIN) Q3 25/26 earnings summary

Executive summary

• Achieved highest-ever order book at INR 156,700 million as of January 2026, with strong inflows from both consultancy and turnkey segments.

• Q3 FY26 total income rose to INR 12,694 million, up from INR 7,872 million in Q3 FY25, driven by growth in both consultancy and turnkey segments.

• PAT for Q3 FY26 reached INR 3,055 million, a significant increase from INR 881 million in Q3 FY25.

• For the nine months ended December 2025, total income was INR 31,343 million, up from INR 21,649 million in the prior year period.

• Significant overseas wins include Dangote Refinery and Fertilizer projects in Nigeria, and expansion in Middle East and Africa markets.

Financial highlights

• Q3 FY26 turnover at INR 12,694 million, up from INR 7,500 million in Q3 FY25.

• Q3 FY26 profit before tax at INR 4,006 million, up 163% sequentially and 235% year-over-year; profit after tax at INR 3,055 million, up 243% year-over-year.

• Q3 FY26 EBITDA at INR 4,060 million, EBITDA margin at 32% versus 17% in Q2 FY26.

• Nine months FY26 turnover at INR 29,510 million, up 45% year-over-year; nine months PAT at INR 4,961 million, up 119% year-over-year.

• EPS for Q3 FY26 at INR 6.18; nine months EPS at INR 8.83.

Outlook and guidance

• Revenue for FY26 expected to exceed INR 40,000 million, with similar or higher targets for FY27.

• Order inflow for FY26 projected to cross INR 8,000 crore, with sustainable inflow expected in future years and 10%-15% growth targeted.

• Consultancy segment margins expected to remain at 20%-25%; turnkey segment margins normalized at 6%-7%.

• The company targets Net Zero by 2035 and continues to secure significant domestic and overseas consultancy and turnkey orders.