Mumbai: Engineers India Limited (EIL), a leading engineering consultancy and a ‘Navratna’ PSU under the Ministry of Petroleum & Natural Gas, reported stellar Q3 FY26 results, with a standalone net profit of ₹301.74 crore, marking an extraordinary 242.5% growth compared to ₹88.10 crore in Q3 FY25. The company also declared an interim dividend of ₹1 per share for FY26.
The strong performance was largely driven by a ₹213.58 crore one-time turnkey project settlement and adjustments in consultancy segment obligations.
Standalone Financial Highlights – Q3 FY26
EIL’s standalone performance showed significant year-on-year growth:
- Net Profit (PAT): ₹301.74 Cr, ↑ 242.5% from ₹88.10 Cr
- Total Income: ₹1,251.59 Cr, ↑ 59% from ₹787.21 Cr
- Revenue from Operations: ₹1,193.63 Cr, ↑ 59.1% from ₹750.16 Cr
- Profit Before Tax (PBT): ₹395.37 Cr, ↑ 234.7% from ₹118.13 Cr
- Earnings Per Share (EPS): ₹5.37, ↑ 242% from ₹1.57
Segment-wise performance:
- Consultancy & Engineering Projects: Revenue of ₹473.53 Cr, Segment Profit of ₹104.30 Cr
- Turnkey Projects: Revenue of ₹720.10 Cr, Segment Profit of ₹273.69 Cr
- Total: Revenue of ₹1,193.63 Cr, Segment Profit of ₹377.99 Cr
Key Drivers of Growth:
- Turnkey Project Adjustment: ₹213.58 Cr profit boost from mechanical completion and contract price adjustment under Ind AS 115 provisions
- Consultancy Segment Settlement: ₹35.17 Cr written back from previously recognized obligations
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Nine-Month Performance (Apr–Dec 2025)
For the nine-month period ended December 31, 2025, EIL reported:
- Net Profit (PAT): ₹486.72 Cr, ↑ 119.2% YoY
- Revenue from Operations: ₹2,951.19 Cr, ↑ 44.9% YoY
- Profit Before Tax (PBT): ₹638.71 Cr, ↑ 118.9% YoY
- Earnings Per Share (EPS): ₹8.66, ↑ 119.2% YoY
A significant contributor to nine-month growth was the turnkey project adjustment, which increased revenue by ₹226.52 Cr and profit by ₹213.58 Cr.
Consolidated Results – Q3 FY26
Including subsidiaries and joint ventures, consolidated net profit for Q3 FY26 reached ₹347.17 Cr, up 219.3% from ₹108.73 Cr in Q3 FY25. Key points:
- Joint Venture Contribution: ₹41.61 Cr (vs. ₹14.98 Cr in Q3 FY25)
- Consolidated Capital Employed: ₹2,996.26 Cr
- Standalone Capital Employed: ₹2,937.89 Cr
- Auditor’s Report: Statutory auditors Datta Singla & Co. issued a clean limited review report
Dividend Declaration
EIL’s Board approved an interim dividend of ₹1 per share (20% on a face value of ₹5), which was paid on December 19, 2025, rewarding shareholders amid strong quarterly and nine-month performance.
Management Commentary
The company highlighted that the sharp jump in profitability was driven by the mechanical completion and price adjustment in a major turnkey project, along with settlement of performance obligations in the consultancy segment. EIL continues to maintain a robust order book across both consultancy and turnkey project segments.
About Engineers India Limited (EIL)
Engineers India Limited (EIL) is a ‘Navratna’ Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas. For over five decades, EIL has provided engineering consultancy, project management, and turnkey services for hydrocarbon and infrastructure projects, playing a vital role in India’s energy security and industrial development.
