In This Article:
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Turnover: INR750 crores for Q3 FY25, up 11% from INR676 crores in Q2 FY25.
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Consultancy and Engineering Segment Turnover: INR407 crores.
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Turnkey Segment Turnover: INR343 crores.
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Other Income: INR37 crores, down from INR53 crores in Q2 FY25.
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Profit Before Tax (PBT): INR118 crores, up 18% from INR104 crores in Q2 FY25.
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Profit After Tax (PAT): INR88 crores, up 11% from INR79 crores in Q2 FY25.
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Profit from Operations: INR81 crores, up 72% from INR47 crores in Q2 FY25.
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Operating Margin: Increased to 11% from 7% in Q2 FY25.
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EBITDA: INR128 crores, up 16% from INR110 crores in Q2 FY25.
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Earnings Per Share (EPS): INR1.57, up from INR1.41 in Q2 FY25.
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Consolidated PAT: INR109 crores, up 9% from INR100 crores in Q2 FY25.
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Order Book: INR11,353 crores, with INR5,554 crores in consultancy and INR5,799 crores in LSTK segment.
Release Date: February 10, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Engineers India Ltd (BOM:532178) reported an 11% increase in turnover for Q3 FY25, reaching INR750 crores compared to the previous quarter.
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The company achieved a significant 72% increase in profit from operations, with operating margins rising to 11% from 7% in the previous quarter.
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EBITDA for the quarter increased by 16% to INR128 crores, indicating strong operational performance.
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The company has an all-time high order book of INR11,353 crores, with a balanced mix of consultancy and turnkey projects.
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Engineers India Ltd (BOM:532178) is expanding its focus beyond hydrocarbons, targeting sectors like infrastructure, metallurgy, and green energy, which could diversify revenue streams.
Negative Points
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Other income for the quarter decreased to INR37 crores from INR53 crores in the previous quarter, indicating a decline in non-operational revenue.
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The consultancy segment's order book, although strong, is currently at INR5,500 crores, which is below the previously anticipated INR8,000 crores to INR8,500 crores.
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The CPCL project is on hold due to land issues, which could delay revenue recognition from this project.
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The company's international business, while stable, has not seen significant growth in large government-to-government projects.
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There is uncertainty regarding the future of the West Coast refinery project, which could impact potential future orders.
Q & A Highlights
Q: What is the status of the IOCL tender where Engineers India Ltd was L1? Can we expect the finalization soon? A: (Sanjay Jindal, CFO) Engineers India Ltd is L1 for the Paradeep Petrochemical Complex. The PM package one has been awarded recently, and package number two is expected to be awarded in the next couple of weeks.