Just when PSUs were being written off as “steady but sleepy,” Engineers India Limited decided to wake everyone up. While markets were busy arguing about global recessions and oil demand doom, EIL quietly delivered a quarter that looked… uncomfortably strong.
Order book hit an all-time high. Profits jumped. Margins expanded. Analysts suddenly sounded nicer. And management? Calm, composed, and clearly enjoying the moment.
This wasn’t a one-off lucky punch either—execution, overseas wins, and consultancy margins all lined up neatly. Somewhere between Dangote write-backs and Ramagundam shutdowns, EIL reminded the Street why boring PSUs can still surprise.
Read on. The numbers behave. The guidance gets bolder. And the confidence? Slightly suspicious—in a good way.
2. At a Glance
Revenue up 33% YoY – Execution engine finally moved out of first gear.
PAT up 45% YoY – PSU profits remembered how compounding works.
Order book at ₹13,131 Cr – Management casually dropped an all-time high.
EBITDA margin at 17% – Consultancy did the heavy lifting, as usual.
EPS ₹2.04 vs ₹1.41 – Even spreadsheets looked impressed.
Cash ₹900–1,000 Cr – Sitting idle, waiting for DPE-approved destiny.
3. Management’s Key Commentary
“Our order book has reached an all-time high of ₹13,131 crore.” (Translation: We finally have enough visibility to sleep well 😏)
“We are guiding for 25% plus revenue growth.” (Earlier it was 20%, but momentum made us brave.)
“Consultancy margins will be around 25%.” (The golden goose stays protected.)
“LSTK margins will be maintained at 6–7%.” (Low-margin, high-volume—PSU classic.)
“Overseas order inflow has crossed ₹1,600 crore.” (Turns out EIL owns a passport now 🌍)
“Ramagundam will generate profits from Q3.” (Please forget the last two quarters.)
