Capitaline

Sales of Consultancy Engineering Projects segment has gone up 13.73% to Rs 421.22 crore (accounting for 55.09% of total sales). Sales of Lumpsum PrTurnkey ojects segment has gone down 30.95% to Rs 343.37 crore (accounting for 44.91% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 43.20% to Rs 131.16 crore. PBIT of Consultancy Engineering Projects segment rose 65.29% to Rs 112.24 crore (accounting for 85.57% of total PBIT). PBIT of Lumpsum PrTurnkey ojects segment fell 20.13% to Rs 18.92 crore (accounting for 14.43% of total PBIT).
PBIT margin of Consultancy Engineering Projects segment rose from 18.33% to 26.65%. PBIT margin of Lumpsum PrTurnkey ojects segment rose from 4.76% to 5.51%. Overall PBIT margin rose from 10.56% to 17.15%.

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Engineers India has declined 16.09% to Rs 2077.36 crore. Sales of Consultancy Engineering Projects segment has gone up 6.98% to Rs 1,176.43 crore (accounting for 56.63% of total sales). Sales of Turnkey Projects segment has gone down 34.53% to Rs 900.92 crore (accounting for 43.37% of total sales).

Profit before interest, tax and other unallocable items (PBIT) has slumped 6.52% to Rs 306.34 crore. PBIT of Consultancy Engineering Projects segment rose 1.80% to Rs 249.73 crore (accounting for 81.52% of total PBIT). PBIT of Turnkey Projects segment fell 31.29% to Rs 56.61 crore (accounting for 18.48% of total PBIT).

PBIT margin of Consultancy Engineering Projects segment fell from 22.31% to 21.23%. PBIT margin of Turnkey Projects segment rose from 5.99% to 6.28%. Overall PBIT margin rose from 13.24% to 14.75%.

Operating profit margin has jumped from 8.87% to 10.17%, leading to 3.78% decline in operating profit to Rs 211.30 crore. Employee cost increased from 29.91% to 36.02%. Other expenses fell from 61.22% to 53.81%. Selling and administration expenses fell from 15.17% to 10.95%. Expenses from contract fell from 37.50% to 31.99%. Construction development cost fell from 15.17% to 10.95%.

Other income fell 26.25% to Rs 123.91 crore. PBIDT fell 13.52% to Rs 335.21 crore. Provision for interest fell 3.57% to Rs 2.16 crore.

PBDT fell 13.58% to Rs 333.05 crore. Provision for depreciation rose 18.95% to Rs 28.88 crore.

Profit before tax down 15.77% to Rs 304.17 crore. Share of profit/loss was 18.89% higher at Rs 70.36 crore. Provision for tax was expense of Rs 74.57 crore, compared to Rs 90.56 crore. Effective tax rate was 19.91% compared to 21.55%.

Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 9.03% to Rs 299.96 crore.

Order book update

Order book as end of Dec 2024 stood at Rs 11352.4 crore [Consultancy Rs 5553.8 crore; Turnkey Rs 5798.6 crore] with the order intake in Q3Fy25 was Rs 1878.4 crore and for 9mFY25 was Rs 70,15.2 crore.

Others

Promoters’ stake was 51.32% as of 31 December 2024 ,compared to 51.32% as of 31 December 2023 .

Quarter ended

Year to Date

Year ended

Particulars

202412

202312

Var.(%)

202412

202312

Var.(%)

202403

202303

Var.(%)

Net Sales (including other operating income)

764.59

867.64

-11.88

2,077.36

2,475.72

-16.09

3,280.86

3,330.14

-1.48

OPM (%)

12.80

5.77

703 bps

10.17

8.87

130 bps

9.05

9.26

-20 bps

97.89

50.07

95.51

211.30

219.61

-3.78

297.07

308.30

-3.64

Other Inc.

38.07

30.50

24.82

123.91

168.02

-26.25

219.16

164.42

33.29

PBIDT

135.96

80.57

68.75

335.21

387.63

-13.52

516.23

472.72

9.20

Interest

0.64

0.67

-4.48

2.16

2.24

-3.57

3.05

1.50

103.33

PBDT

135.32

79.90

69.36

333.05

385.39

-13.58

513.18

471.22

8.90

Depreciation

9.5

8.46

12.29

28.88

24.28

18.95

25.7

36.19

PBT

125.82

71.44

76.12

304.17

361.11

-15.77

478.18

445.52

7.33

Share of Profit/(Loss) from Associates

14.98

10.61

41.19

70.36

59.18

18.89

85.1

2.03

4,092.12

PBT before EO

140.8

82.05

71.60

374.53

420.29

-10.89

563.28

447.55

25.86

EO Income

PBT after EO

140.8

82.05

71.60

374.53

420.29

-10.89

563.28

447.55

25.86

Taxation

32.07

18.7

71.50

74.57

90.56

-17.66

118.02

101.28

16.53

PAT

108.73

63.35

71.63

299.96

329.73

-9.03

445.26

346.27

28.59

Minority Interest (MI)

Net profit

108.73

63.35

71.63

299.96

329.73

-9.03

445.26

346.27

28.59

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

108.73

63.35

71.63

299.96

329.73

-9.03

445.26

346.27

28.59

EPS (Rs)*

1.93

1.13

71.63

5.34

5.87

-9.03

7.92

6.16

28.59

* EPS is on current equity of Rs 281.02 crore, Face value of Rs 5, Excluding extraordinary items.

# EPS is not annualised

bps : Basis points

EO : Extraordinary items

Figures in Rs crore

Source: Capitaline Corporate Database

Quarter ended

Year to Date

Year ended

% of (Total)

202412

202312

Var.(%)

% of (Total)

202412

202312

Var.(%)

% of (Total)

202403

202303

Var.(%)

Sales

Consultancy Engineering Projects

55.09

421.22

370.37

13.73

56.63

1,176.43

1,099.66

6.98

45.81

1,502.98

1,464.30

2.64

Lumpsum PrTurnkey ojects

44.91

343.37

497.27

-30.95

43.37

900.92

1,376.06

-34.53

54.19

1,777.88

1,865.84

-4.71

Total Reported Sales

100.00

764.59

867.64

-11.88

100.00

2,077.36

2,475.72

-16.09

100.00

3,280.86

3,330.14

-1.48

Less: Inter segment revenues

0.00

Net Sales

100.00

764.59

867.64

-11.88

100.00

2,077.36

2,475.72

-16.09

100.00

3,280.86

3,330.14

-1.48

PBIT

Consultancy Engineering Projects

85.57

112.24

67.91

65.29

81.52

249.73

245.31

1.80

76.95

341.93

394.41

-13.31

Lumpsum PrTurnkey ojects

14.43

18.92

23.69

-20.13

18.48

56.61

82.39

-31.29

23.05

102.42

52.11

96.55

Total PBIT

100.00

131.16

91.59

43.20

100.00

306.34

327.70

-6.52

100.00

444.35

446.52

-0.49

Less : Interest

0.64

0.67

-3.75

2.16

2.24

-3.58

3.05

1.50

102.58

Add: Other un-allcoable

-4.69

-19.49

75.91

-0.02

35.65

36.88

0.50

7,348.82

PBIT Margin(%)

Consultancy Engineering Projects

26.65

18.33

831.30

21.23

22.31

-108.00

22.75

26.94

-418.52

Lumpsum PrTurnkey ojects

5.51

4.76

74.65

6.28

5.99

29.62

5.76

2.79

296.80

PBT

100.00

125.83

71.44

76.13

100.00

304.16

361.11

-15.77

100.00

478.18

445.51

7.33