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Engineers India
hosted a conference call on Feb 10, 2025. In the conference call the company
was represented by Sajay Jindal, Director Finance.
Key takeaways of
the call
Order intake for
Q3FY25 & 9mFY25 stood at Rs 1878.4 crore [Rs 209.7 crore consultancy
domestic; Rs 58.6 crore consultancy overseas; Rs 1610.1 crore turnkey] and Rs 7015.2
crore [Rs 2798.4 crore consultancy domestic; RS 332.7 crore consultancy
overseas; Rs 3884.1 crore turnkey] respectively up from Rs 637.1 crore and Rs 3046.5
crore in corresponding previous period.
Order backlog as
end of Dec 2024 stood at Rs 11352.4
crore [Rs 5553.8 crore consultancy; Rs 5798.6 crore turnkey] against Rs 7990.6
crore [Rs 4751.3 crore consultancy; Rs 3239.3 crore turnkey] as end of Dec 2023.
Paradip
Petrochemical Complex contract update – the company was L1 for packages PMC 1
and PMC2. The company was already
awarded the PMC 1 package and PMC 2 package (worth about Rs 700 crore) will
awarded soon in couple of weeks.
CPCL Nagapatnam project
is on hold because of the land issues. Yet to hear from IOCL/CPCL side on
further decision.
infrastructure now
contributes about 44% of consultancy business up from 25% earlier.
Expect to
register a revenue of Rs 3200 crore for FY25 as it did for FY24. But it is
working with clients for some change in orders and if that materialize the
company will be doing a revenue .
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