Engineers India Limited (EIL), a leading engineering consultancy and EPC company, has reported robust financial results for the first quarter, demonstrating significant growth in revenue and improved profitability.

Revenue Surge

EIL witnessed a substantial increase in revenue for Q1. The company's total income rose to ₹8,921.11 crore, up from ₹6,483.19 crore in the same quarter of the previous year, marking a notable growth of 37.6%.

Segment Performance

The company's performance was driven by strong growth in both its key business segments:

1. Consultancy & Engineering Projects: Revenue increased to ₹4,081.28 crore from ₹3,465.42 crore in the corresponding quarter of the previous year.
2. Turnkey Projects: This segment saw significant growth, with revenue rising to ₹4,490.20 crore from ₹2,640.81 crore in the corresponding quarter last year.

Profitability Metrics

EIL's profitability showed improvement in Q1:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to ₹721.00 crore, up from ₹510.00 crore in the same quarter of the previous year.
• EBITDA margin improved slightly to 8.28% from 8.18% year-over-year.

However, the company's consolidated net profit declined to ₹654.00 crore from ₹916.00 crore in the same period last year.

Segment-wise Profit

The company's segment-wise profit from operations showed mixed results:

Order Book and Business Secured

As of the end of the quarter, Engineers India's total order book stood at ₹121,443.00 crore, with the Consultancy segment accounting for 56% and the Turnkey segment for 44%. The company secured new business worth ₹14,292.00 crore during the quarter, with ₹6,083.00 crore in Consultancy and ₹8,209.00 crore in Turnkey projects.

Conclusion

Engineers India Limited's Q1 results demonstrate the company's resilience and ability to grow its revenue significantly. While there was a decline in net profit, the improvement in EBITDA and strong order book position suggest a positive outlook for the company. EIL's balanced performance across its Consultancy and Turnkey segments underscores its strong market position in the engineering and EPC sectors.

Engineers India Limited (EIL) has announced a significant investment in Numaligarh Refinery Ltd (NRL), reinforcing its commitment to the refinery sector. The state-owned engineering consultancy firm has made an additional investment of ₹34.58 crore in NRL, a move that could potentially strengthen its position in the oil and gas infrastructure domain.

Investment Details

The investment, totaling ₹34.58 crore (₹345.80 million), represents a strategic decision by Engineers India Limited . While the specific nature and purpose of this investment have not been disclosed, it underscores EIL's continued interest in the refinery business.

Implications for Engineers India

This additional investment in Numaligarh Refinery Ltd may signal EIL's intent to deepen its involvement in the refinery sector. As a leading engineering consultancy firm specializing in the hydrocarbons and petrochemicals sector, EIL's move could be aimed at enhancing its portfolio or strengthening its strategic partnerships.

About Numaligarh Refinery Ltd

Numaligarh Refinery Ltd, located in Assam, is a prominent player in India's oil refining sector. The refinery has been instrumental in meeting the energy needs of the northeastern region of India.

Conclusion

While the exact implications of this investment remain to be seen, it represents a significant financial commitment by Engineers India Limited . Stakeholders will likely be keen to observe how this investment unfolds and its potential impact on both EIL and NRL in the coming months.