Engineers India Limited (EIL) has reported robust financial results for the second quarter of fiscal year 2026, showcasing significant growth in revenue and profitability. The company's performance reflects its strong position in the engineering and consultancy sector, particularly in the oil and gas industry.

Key Financial Highlights

EIL achieved a revenue of INR 900.00 crore in Q2 FY26, marking a substantial 33% increase from INR 676.00 crore in Q2 FY25. The company's profit before tax (PBT) rose by 50% to INR 150.00 crore, while profit after tax (PAT) grew by 45% to INR 115.00 crore compared to the same quarter last year.

Record-Breaking Order Book

A notable achievement for EIL is its all-time high order book, which reached INR 13,131.00 crore as of September 30, 2025. This represents a significant increase from INR 12,145.00 crore at the end of the previous quarter, indicating strong business momentum and future growth potential.

Segment Performance

EIL's performance across its two main business segments was as follows:

The company maintains a strategic balance between its high-margin consultancy business and volume-driven turnkey projects.

International Expansion

EIL has been making significant strides in the international market. Out of the INR 4,000.00 crore order inflow in the current fiscal year, approximately INR 1,680.00 crore has come from overseas projects, indicating the company's growing global presence.

Future Outlook

The management has provided an outlook for the company:

1. EIL is guiding for over 25% annual revenue growth for the fiscal year.
2. The company expects to exceed its INR 8,000.00 crore order inflow target for the year.
3. Both consultancy and turnkey segments are driving strong performance.

Industry Opportunities

The oil and gas sector in India is witnessing significant investments, presenting numerous opportunities for EIL:

• BPCL is investing approximately INR 95,000.00 crore in refining and petrochemical complexes.
• IOCL has planned investments of around INR 1.66 lakh crore in various refinery projects.
• Other major projects include the Barmer Refinery (INR 72,000.00 crore) and potential petrochemical projects by ONGC in Gujarat.

These investments indicate a robust pipeline of potential projects for EIL in the coming years.

As Engineers India Limited continues to leverage its expertise in both domestic and international markets, the company appears well-positioned to capitalize on the growing opportunities in the engineering and consultancy sector, particularly in oil and gas-related projects.

Engineers India Ltd (EIL) has taken a significant step towards expanding its presence in the Middle East oil and gas sector. The company has signed a Memorandum of Understanding (MoU) with UAE-based NMDC Energy, focusing on onshore oil and gas projects in Saudi Arabia.

Key Highlights of the Agreement

• Parties Involved: Engineers India Ltd and NMDC Energy (UAE)
• Focus Area: Onshore oil and gas projects
• Target Market: Saudi Arabia
• Objective: Development of energy infrastructure

Strategic Implications

This initial agreement marks a strategic move for Engineers India, potentially opening up new opportunities in the Saudi Arabian energy market. By partnering with NMDC Energy, a UAE-based firm, EIL is leveraging regional expertise to strengthen its foothold in the Middle East.

Market Outlook

The collaboration between Engineers India and NMDC Energy comes at a time when Saudi Arabia is actively working on diversifying and expanding its energy sector. This partnership could position both companies to capitalize on the growing demand for energy infrastructure development in the region.

While the financial terms and specific project details of the MoU have not been disclosed, this agreement signifies Engineers India's proactive approach to expanding its international portfolio and tapping into new markets.

Investors and industry observers will be keenly watching how this partnership develops and translates into concrete projects in the Saudi Arabian oil and gas sector.