• The document contains the transcript of a post-earnings conference call for Q1 FY26-27 results, held on August 14, 2026, following the results declaration on August 13, 2026.
  • The event was an earnings call moderated by Mr. Kishan Mundhra from DAM Capital, with participation from the entire management team including Mr. Sanjay Jindal (Director, Finance), Mr. Suvendu Padhi (Company Secretary), Mr. R.P. Batra (Executive Director), Mr. Vivek Midha (Chief General Manager, Marketing and Business Development), Mr. Amanpreet Chopra (Senior General Manager), and Ms. Neha Narula (Senior Manager).
  • The stated purpose was to discuss Q1 FY27 financial results and business updates.
  • The transcript was made available on the company's website at https://www.engineersindia.com/Investor/Reports/Transcripts as a regulatory compliance filing.

Financial Highlights Discussed:

  • Order book position: INR14,424 crores as of June 30, 2026 (Consultancy: INR10,498 crores, Turnkey: INR3,926 crores)
  • Q1 FY27 order inflow: INR514 crores
  • Standalone Q1 FY27 PBT: INR145 crores (up 55% YoY from INR94 crores)
  • Standalone Q1 FY27 PAT: INR109 crores (up 55% YoY from INR70 crores)
  • Operating margin: 14% (INR108 crores) vs 7% (INR59 crores) in Q1 FY26
  • EBITDA: INR155 crores with 18.55% margin vs INR104 crores with 11.72% margin in Q1 FY26
  • Turnover: INR801 crores vs INR857 crores in Q1 FY26
  • Consultancy segment turnover: INR499 crores (up 22% YoY) with 24% segment profit margin
  • Turnkey segment turnover: INR302 crores (down from INR449 crores) with 7.5% margin
  • Consolidated profit: INR157.94 crores (up 141% YoY from INR65.4 crores)
  • Subsidiary CEIL profit: INR6.88 crores (up 155% YoY)
  • Joint venture/associate contribution: INR42.51 crores profit vs INR7.37 crores loss in Q1 FY26

Business Updates and Guidance:

  • Current order pipeline: INR2,750 crores (INR1,100 crores overseas, INR1,650 crores domestic)
  • Maintained FY27 order inflow guidance of INR8,000 crores
  • Expecting over 50% of FY27 revenue from consultancy segment (targeting 55%)
  • Targeting 10% growth in total turnover to approximately INR4,200 crores
  • Maintaining operating margin target of 16% (achieved 16% in FY26)
  • Maintaining FY28 revenue target of INR5,000 crores

Segment-wise Developments:

  • Consultancy: Strong margin performance at 24%; expected to drive growth
  • Turnkey: Decline due to tapering projects; new projects in initial execution phase expected to gain momentum in Q3/Q4 FY27
  • Middle East: Market conditions grim due to regional conflict; new mega projects on hold but routine jobs continuing; secured INR500 crores business in Q1
  • Nuclear: Increased government focus; conducting environmental studies for 3 private and 1 government project; engaged with NPCIL
  • Coal Gasification: Increased inquiries following government's INR34,000 crore VGF policy; working on NTPC project; multiple bids in process
  • Infrastructure: Contributing 45% to business; recently secured data center project from PowerTel

Specific Project Updates:

  • BPCL Andhra: Execution tender expected by end-FY27 or Q1 FY28
  • IOCL Paradip Phase 2: Awaiting management approval due to land issues
  • ONGC petrochemical plant: Feasibility study in process, will take time
  • RFCL fertilizer project: Running well; expecting regular profits and possible dividend in FY27
  • Dangote Nigeria project: Revenue recognition on percentage of completion method over 4 years

Additional Notes Section

  • The document is a regulatory filing containing the full transcript of the earnings conference call.
  • The transcript includes detailed Q&A session with analysts covering financial performance, order book, segment outlook, geographic exposure, and specific project updates.
  • Management provided detailed responses on competitive landscape, skill development for new segments, and investment strategy.