New Delhi: Engineers India Limited (EIL) reported a strong improvement in profitability for the second quarter of FY 2026-27, with its consolidated Profit After Tax (PAT) rising 135.6% year-on-year to ₹196.68 crore, compared with ₹83.49 crore in Q2 FY26. The company’s standalone PAT also increased 56.6% to ₹179.75 crore from ₹114.81 crore in the corresponding quarter last year.
The Board of Directors, at its meeting held on October 30, approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board also declared the first interim dividend of ₹1.50 per equity share of ₹5 face value for FY27.
The results were reviewed by the Audit Committee and approved by the Board. The Limited Review Reports issued by SCV & Co. LLP carried an unmodified conclusion.
Engineers India Q2 FY27 Financial Performance
Despite a decline in revenue from operations, Engineers India recorded significant growth in both standalone and consolidated profitability during Q2 FY27.
On a standalone basis, revenue from operations stood at ₹802.36 crore, down 10.9% from ₹900.40 crore in Q2 FY26. Total income declined 7.3% year-on-year to ₹879.35 crore from ₹948.24 crore.
However, standalone Profit Before Tax (PBT) increased 53.1% to ₹229.07 crore, compared with ₹149.58 crore in the year-ago quarter. PAT rose 56.6% to ₹179.75 crore from ₹114.81 crore. Earnings Per Share (EPS) improved to ₹3.20 from ₹2.04.
On a consolidated basis, revenue from operations declined 10.5% to ₹824.20 crore from ₹921.29 crore in Q2 FY26. Total income stood at ₹889.95 crore, compared with ₹958.16 crore, registering a decline of 7.1%.
Consolidated PBT more than doubled to ₹248.87 crore from ₹120.36 crore, recording year-on-year growth of 106.8%. Consolidated PAT increased 135.6% to ₹196.68 crore against ₹83.49 crore in the corresponding quarter last year. Consolidated EPS rose to ₹3.50 from ₹1.49.
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EBITDA and Margin Performance
According to the additional earnings figures reported by the company, EBITDA increased to ₹194 crore in Q2 FY27 from ₹119 crore in the corresponding quarter of the previous financial year.
The EBITDA margin also expanded to 23.51%, compared with 13% in Q2 FY26. The improvement in profitability and margins came despite lower revenue from operations during the quarter.
Engineers India H1 FY27 Performance
For the first half of FY27, Engineers India continued to report strong growth in profitability across both standalone and consolidated operations.
Standalone revenue from operations stood at ₹1,603.23 crore in H1 FY27, compared with ₹1,757.55 crore in H1 FY26, marking a decline of 8.8%. However, standalone PBT increased 54% to ₹374.81 crore from ₹243.34 crore, while PAT grew 55.9% to ₹288.35 crore from ₹184.99 crore. Standalone EPS improved to ₹5.13 from ₹3.29.
On a consolidated basis, revenue from operations declined 8.2% to ₹1,644.04 crore from ₹1,791.65 crore in the corresponding period last year.
Consolidated PBT increased 112% to ₹445.70 crore from ₹210.27 crore. Consolidated PAT rose 138.2% to ₹354.61 crore from ₹148.89 crore. Consolidated EPS also improved significantly to ₹6.31 from ₹2.65.
Board Declares First Interim Dividend of ₹1.50 Per Share
Along with approving the Q2 and H1 FY27 financial results, the Board declared the first interim dividend of ₹1.50 per equity share for FY27. Each equity share has a face value of ₹5.
The key dividend details are as follows:
- Interim dividend: ₹1.50 per equity share
- Record date: Thursday, November 5, 2026
- Payment timeline: Within 30 days from the record date
The dividend declaration follows the payment of a final dividend of ₹2.50 per share for FY26, as reported in the company’s update.
Segment Performance in Q2 FY27
During the second quarter, Engineers India’s standalone business performance was led by its Consultancy and Engineering Projects segment.
The segment-wise revenue and profit figures were:
- Consultancy and Engineering Projects: Revenue of ₹594.39 crore and segment profit of ₹183.63 crore.
- Turnkey Projects: Revenue of ₹207.97 crore and segment profit of ₹9 crore.
The Consultancy and Engineering Projects segment remained the larger contributor to the company’s standalone revenue and segment profit during the quarter.
Order Book and Business Secured
Engineers India reported a substantial increase in its order book, which stood at ₹20,420 crore as of September 30, 2026, compared with ₹15,109 crore as of March 31, 2026.
The company secured total business worth ₹6,915 crore during Q2 FY27, with overseas consultancy projects serving as the primary contributor.
A major development during the quarter was the award of Project Management Consultancy (PMC) and Engineering, Procurement and Construction Management (EPCM) services for a greenfield refinery and petrochemical plant at Mokowe, Kenya. The project was valued at ₹44,086 crore, as stated in the company update.
Overseas consultancy accounted for 95% of the total consultancy business secured during the quarter.
The standalone business secured during Q2 and H1 FY27 was as follows:
- Domestic consultancy: ₹201 crore in Q2 FY27 and ₹280 crore in H1 FY27.
- Overseas consultancy: ₹5,193 crore in Q2 FY27 and ₹5,482 crore in H1 FY27.
- Turnkey projects: ₹152 crore in Q2 FY27 and ₹167 crore in H1 FY27.
- Total business secured: ₹6,915 crore in Q2 FY27 and ₹743 crore in H1 FY27.
Audit Committee Reviews Financial Results
The company stated that the unaudited standalone and consolidated financial results were reviewed by the Audit Committee before being approved by the Board of Directors.
The Limited Review Reports issued by SCV & Co. LLP carried an unmodified conclusion.
EIL also disclosed a contingent claim of ₹409.61 crore pending before the Hon’ble Supreme Court. According to the company, management does not expect any material outflow in connection with the matter.
About Engineers India Limited
Engineers India Limited (EIL) is a Government of India enterprise under the Ministry of Petroleum and Natural Gas. Established in 1965, the company provides engineering consultancy and project management services, along with turnkey solutions, primarily for the oil and gas, petrochemical, fertiliser and infrastructure sectors. It undertakes projects in India and overseas, supporting clients through engineering, design, project execution and related technical services.
