Engineers India hosted a conference call on Nov 14, 2025. In the conference call the company was represented by Sanjay Jindal – Director (Finance).

Key takeaways of the call

UEOB is all time high of Rs 13131.1 crore as end of Sep 2025 up from 11155.3 crore as end of Sep 2024. Of the order book 59% is consultancy orders and 41% is turnkey orders.

Order intake in Q2FY26 and H1FY26 was Rs 2334.9 crore [Consultancy domestic Rs 281.9 crore; Consultancy Overseas Rs 1108.5 crore; turnkey Rs 944.5 crore] and Rs 3764.1 crore[Consultancy domestic Rs 413.7 crore; Consultancy Overseas Rs 1585 crore; turnkey Rs 1765.4 crore].

Confident of exceeding last year order booking of Rs 8214 crore in current fiscal.  Expect revenue growth of 25%plus for current fiscal. EBIT margin for consultancy will be 25% and for LSTK will be about 6-7%. 

The mix will be 52:48 between consultancy and LSTK. 

There is limited opportunity for consultancy in domestic market and whenever there was one the company is grabbing it and looking at global market for consultancy job. The company is also looking into non hydrocarbon space for turnkey projects.

In the next quarter massive order booking from overseas territories is expected.

Ramagundam project was shut down for significant part of the quarter due to some technical issues. Profit expected in Q3FY26 from Ramagundam project.

Consultancy EBIT margin in Q2FY26 was 28%,   for h1 it was 25%. Overall for the fiscal the company confident of 25% margin.

Reversal of provisions is continuing process. Provision for defect liability will be created and reversed on the defect liability period is over as per the contract.  So it is not a one off for the company.  Write back of Rs 35 crore Nigerian refinery that provision is kept for defect liability and provision is reversed. In this quarter the company got reversal of Rs 35 crore.