Engineers India Limited has scheduled its 61st Annual General Meeting (AGM) for Friday, September 18, 2026. The meeting will commence at 11:00 am and will be conducted through Video Conferencing or Other Audio Visual Means (OAVM), in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India guidelines.

The company will dispatch the Notice of the AGM along with the Integrated Annual Report for FY26 exclusively via electronic mode. This communication is directed only to members who have registered their email addresses with the Depositories or the Registrar and Transfer Agent.

Dividend Record Date

Continuing from its earlier communication dated May 21, 2026, Engineers India Limited has fixed Thursday, September 24, 2026, as the record date for determining shareholder entitlement to the final dividend for FY26. The payout is contingent upon approval by members during the upcoming AGM.

This disclosure aligns with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. S.K. Padhi, Company Secretary and Compliance Officer, confirmed the details.

Engineers India reported a significant improvement in standalone profitability for the first quarter of FY27, with net profit rising to ₹1,086 million from ₹701 million in the corresponding period of the previous fiscal year. This increase occurred despite a contraction in total income, which stood at ₹8,379 million against ₹8,921 million year-on-year. The divergence between revenue and profit metrics highlights a structural improvement in earnings quality, as expansion in consultancy segment margins offset the decline in the lower-margin turnkey business.

Financial performance overview

The table below captures the key standalone financial metrics for the quarter on a year-on-year basis.

On a consolidated basis, the company earned a profit of ₹157.94 million (₹1,579.4 million implied from context of crores vs millions in source, but source says INR157.94 crores) for the quarter ended June 30, 2026, compared to ₹65.4 million in Q1FY26, representing a 141% increase. The profit from subsidiary CEIL increased to ₹6.88 million from ₹2.69 million, while joint ventures contributed ₹42.51 million to consolidated profit, reversing a loss of ₹7.37 million in the prior year.

Segment-wise analysis

The consultancy segment was the primary driver of growth, with turnover increasing to ₹4,990 million from ₹4,081 million in Q1FY26. This rise was broad-based, with domestic consultancy turnover growing to ₹3,458 million and overseas consultancy more than doubling to ₹1,532 million from ₹741 million. Consequently, consultancy segment profit surged to ₹1,197 million, with margins expanding to 24% from 17% in the prior year. Management indicated that gross margins in the consultancy segment are expected to remain stable at 24-25%.

In contrast, the turnkey segment saw turnover contract to ₹3,019 million from ₹4,490 million. Segment profit for turnkey projects declined slightly to ₹227 million from ₹250 million, with margins stabilizing at 8%. Management noted that new orders in the turnkey segment are currently in the initial execution phase and are expected to gain momentum in the third and fourth quarters of FY27.

Business secured and order book

Business secured in Q1FY27 totaled ₹5,136 million, down sharply from ₹14,292 million in Q1FY26. Consultancy orders accounted for 71% of new business, led by overseas projects including a ₹2,860 million contract for PMC and EPCM services for a fertilizer plant in Ethiopia. Domestic consultancy orders stood at ₹786 million, while overseas consultancy orders were ₹2,886 million.

The total order book stood at ₹151,093 million as of March 2026, up from ₹121,443 million a year earlier. However, management updated the order book position to ₹14,424 million (₹144,240 million) as on June 30, 2026, comprising ₹10,498 million in consultancy and ₹3,926 million in turnkey segments. The order book is heavily weighted towards consultancy, which comprises 72% of the total, with overseas consultancy orders rising significantly to ₹64,912 million from ₹23,217 million in the previous year-end.

Management guidance and outlook

During the earnings call held on August 14, 2026, management reaffirmed its full-year order inflow target of ₹8,000 million (₹80 billion) for FY27. As of early August, the company had secured ₹2,750 million worth of business for the fiscal year, with approximately ₹1,100 million from overseas and ₹1,500 million from domestic sources. Management expressed confidence in meeting or exceeding the target, citing active discussions on multiple global projects.

Regarding financial guidance, management targeted an operating margin of 16% for FY27, consistent with the previous fiscal year. They noted that if change orders materialize, the operating margin could exceed this figure. For consultancy revenue, management guided for a growth rate of at least 10% over the previous year's total turnover of ₹3,850 million, expecting the consultancy segment to contribute more than 50-55% of total turnover.

Sector-specific developments

Management highlighted several emerging opportunities beyond core hydrocarbons:

• Nuclear: Increased inquiries following government push, with environmental studies underway for three private investor projects and one government project. EIL is also engaged with NPCIL for engineering consultancy assignments.
• Coal Gasification: Multiple inquiries received after the government announced ₹34,000 million gap funding. EIL is bidding for feasibility studies and executing a gas-to-SNG project for NTPC.
• Infrastructure: Contributing 45% of business income this fiscal year, with a major data center assignment from PowerTel. Projects include convention centers and R&D facilities for oil and gas companies.
• Middle East: Despite geopolitical tensions, EIL secured ₹500 million in business from the Middle East in Q1FY27. Existing projects remain on track, though new mega projects are under hold. The company has grown its Middle East business from ₹30 million to ₹1,000 million over the past three years.

What the Numbers Show

The data reveals a clear strategic pivot towards high-margin consultancy services. While total revenue declined, the disproportionate growth in consultancy turnover (22% YoY) versus the decline in turnkey turnover (-33% YoY) resulted in a substantial improvement in overall profitability. The consultancy segment's contribution to total income rose from 48% to 62%, while its share of segment profit increased from 73% to 84%. This shift suggests that Engineers India is successfully leveraging its technical expertise in advisory roles rather than capital-intensive execution, leading to better cash flow dynamics and margin resilience despite lower top-line growth. The consolidated profit surge of 141%, driven largely by joint venture contributions turning profitable, further underscores the diversification benefits of the company's investment portfolio.