New Delhi: Engineers India Limited (EIL) has reported a sharp improvement in its consolidated profitability for the first quarter of FY 2026-27, with net profit rising 141% year-on-year to Rs 157.94 crore, compared with Rs 65.40 crore in Q1 FY26.
The company’s consolidated revenue from operations, however, declined 5.8% to Rs 819.84 crore from Rs 870.36 crore in the corresponding quarter last year.
EIL Consolidated Profit Rises 141%
EIL reported a consolidated profit before tax of Rs 196.83 crore in Q1 FY27, compared with Rs 89.92 crore in Q1 FY26, marking a growth of around 119%.
Total income stood at Rs 858.02 crore, against Rs 906.72 crore in the year-ago quarter.
Basic earnings per share increased to Rs 2.81, compared with Rs 1.16 in Q1 FY26.
The key consolidated financial figures are:
- Net Profit: Rs 157.94 crore
- Revenue from Operations: Rs 819.84 crore
- Profit Before Tax: Rs 196.83 crore
- Total Income: Rs 858.02 crore
- Basic EPS: Rs 2.81
Read also: Engineers India Appoints Two Non-Official Independent Directors for Three-Year Tenure
Joint Venture Profit Swings Into Positive
A major factor behind the sharp increase in EIL’s consolidated profit was the performance of its joint ventures and associates.
The company’s share of profit from joint ventures and associates improved from a loss of Rs 7.37 crore in Q1 FY26 to a profit of Rs 42.51 crore in Q1 FY27.
This represents a positive swing of nearly Rs 50 crore and provided a significant boost to the consolidated bottom line.
Consultancy and Engineering Segment Leads Revenue
EIL’s Consultancy & Engineering Projects segment generated revenue of Rs 517.98 crore during Q1 FY27, with segment profit of Rs 128.73 crore.
The Turnkey Projects segment reported revenue of Rs 301.86 crore and segment profit of Rs 22.66 crore.
Overall segment revenue stood at Rs 819.84 crore, while segment profit was reported at Rs 151.39 crore.
Standalone Profit Increases 55%
On a standalone basis, EIL also reported strong profit growth during the quarter.
Standalone revenue from operations declined 6.6% to Rs 800.87 crore, compared with Rs 857.15 crore in Q1 FY26.
Despite the decline in revenue, standalone profit after tax increased 55% to Rs 108.59 crore, compared with Rs 70.08 crore in the year-ago quarter.
Basic EPS increased to Rs 1.93, from Rs 1.25 in Q1 FY26.
EIL Appoints Two New Independent Directors
Alongside the financial results, EIL’s Board approved the appointment of two Non-Official Independent Directors following a directive from the Ministry of Petroleum & Natural Gas.
The new directors are:
- Kahuli Sema
- Ashish Kumar Gupta
Their appointments are for a period of three years from the date of communication or until further orders, whichever is earlier.
The appointments are currently undergoing the necessary compliance formalities and are expected to strengthen the company’s Board with additional independent oversight and strategic perspectives.
Board Meeting and Auditor Review
EIL’s Board meeting was held on August 13, 2026, beginning at 3:30 PM and concluding at 6:45 PM.
The quarterly financial results underwent a limited review by statutory auditor Datta Singla & Co., Chartered Accountants.
The auditor’s report dated August 13, 2026, stated that the reviewed financial statements did not contain material misstatements and were prepared in accordance with the applicable Indian Accounting Standards.
What the Q1 Results Indicate
The sharp improvement in consolidated profit, despite lower revenue, highlights the impact of improved contributions from EIL’s joint ventures and associates.
The turnaround from a loss of Rs 7.37 crore to a profit of Rs 42.51 crore from these investments was a key contributor to the strong year-on-year growth in consolidated earnings.
The company also continues to maintain a strong financial position, with consolidated capital employed of Rs 3,294.72 crore and other equity of Rs 2,864.71 crore, according to the reported figures.
About Engineers India Limited
Engineers India Limited is a leading public sector enterprise under the Ministry of Petroleum and Natural Gas. The company provides engineering consultancy and EPC (Engineering, Procurement, and Construction) services across sectors such as oil & gas, petrochemicals, infrastructure, and fertilizers. Known for its technical expertise and project execution capabilities, EIL plays a key role in India’s industrial and infrastructure development.
Read also: Engineers India Limited Appoints Atul Gupta as CMD Effective June 29, 2026; To Lead EIL Till 2029
