Engineers India shares jump 15 per cent to two-week high
The state-owned company reported a 66 per cent sequential rise in net profit for the September quarter.
Shares of state-owned Engineers India Ltd (EIL) rose by 15 per cent on Monday to reach a two-week high of ₹290. According to Mint, the stock rally follows the company's September-quarter financial results.
The company reported a net profit of ₹180 crore for the September quarter, which is a 66 per cent increase from the ₹108.5 crore recorded in the first quarter. EBITDA, including other income, rose to ₹240 crore from ₹155 crore in the previous quarter, while the EBITDA margin climbed to 27 per cent from 19 per cent.
For the first half of FY27, EIL's net profit grew by 56 per cent to ₹288 crore, up from ₹185 crore during the same period last year. During this six-month period, EBITDA reached ₹395 crore with a 23 per cent margin, compared to ₹265 crore and a 14 per cent margin last year.
The company's total order book reached a record ₹20,421 crore as of September 30. This includes ₹7,428 crore in orders secured during the first half of FY27, consisting of ₹5,762 crore from consultancy services and ₹1,666 crore from turnkey projects.
EIL stated it intends to focus on business expansion, operational efficiency, and diversifying its project portfolio. The company is also looking to strengthen its international presence and leverage opportunities in the infrastructure, energy transition, and conventional energy sectors.