Engineers India Ltd

AGM date and mode

• 61st AGM scheduled for 18 September 2026 at 11:00 a.m. via VC/OAVM.

Notice to members

• Notice and Integrated Annual Report to be sent electronically to members with registered emails.

Dividend record date

• Record date fixed at 24 September 2026 for entitlement to final dividend, if approved.

AGM details

• Friday, 18 September 2026 at 11:00 a.m. via VC/OAVM.
• Notice and Integrated Annual Report sent electronically to registered emails.
• Record date fixed as 24 September 2026 for entitlement to final dividend, if approved.

Key dates

• 61st AGM on 18 Sep 2026 at 11:00 AM via VC/OAVM.
• Record Date fixed as 24 Sep 2026 for Final Dividend, subject to Members' approval.

Financial Performance

• Order book: INR14,424 crore as on 30 Jun 2026 (Consultancy INR10,498; Turnkey INR3,926)
• Q1 FY27 standalone PBT: INR145 crore; PAT: INR109 crore; YoY growth ~55%
• Q1 FY27 standalone turnover: INR801 crore; vs INR857 crore in Q1 FY26
• EBITDA: INR155 crore; EBITDA margin: 18.55% vs 11.72% in Q1 FY26
• Q1 FY27 consolidated profit: INR157.94 crore; vs INR65.4 crore in Q1 FY26
• Consultancy & Engineering segment turnover: INR499 crore in Q1 FY27; up ~22% YoY
• Turnkey segment turnover: INR302 crore in Q1 FY27; vs INR449 crore in Q1 FY26
• JV/associated contributions: INR42.51 crore in Q1 FY27; prior year JV loss INR7.37 crore
• CEIL subsidiary profit: INR6.88 crore in Q1 FY27 vs INR2.69 crore; margin up

Operating Update / Segment Trends

• Consultancy margin in Q1 FY27: ~24%; LSTK margin: ~7.5%
• consultancy share target: >50% of total turnover in FY27; potential 55–60% range
• Total turnover target: ~INR4,200 crore; consultancy >INR2,000 crore (potential 2,300–2,400) ~55–60%
• Nuclear segment: inquiries rising; NPCIL EOIs; environmental studies; SMR projects pursued
• Middle East: market grim; new mega projects on hold; orders ~INR500 crore secured this quarter
• Aramco: no major inquiries currently; project issuances slow
• RFCL: project running well; expected regular profits; potential dividend this year
• Coal gasification: policy support; feasibility studies; NTPC gas-to-SNG project ongoing

Guidance and Outlook

• Order inflow target for FY27: INR 8,000 crore; management hopeful to cross cap
• FY28 revenue target: INR 5,000 crore; maintained with potential for improvement
• Infrastructure contribution run-rate: around 45% this year; focus on non-core segments alongside hydrocarbon
• Dividend policy: overseas book dividend around 100% in current financial year; no plan to distribute all reserves
• Cash reserves: investments being considered; no immediate plan to distribute all cash

Q&A Highlights

• Current inflow: INR 2,750 crore; overseas ~INR 1,100 crore; rest domestic; target INR 8,000 crore inflow
• Consultancy vs LSTK growth: consultancy to contribute >50% of turnover; guidance indicates >10% overall turnover growth
• Pipeline focus: hydrocarbon, nuclear, coal gasification; data-center and other infra projects; bidding ongoing
• Aramco: no major inquiries yet; project issuances slow; opportunities may arise later
• RFCL: profit sustainable; potential dividend in current year
• Dangote revenue recognition: progress-based (cost progress); turnover recognized with quarterly progress; ~4-year span

Risks and Watchpoints

• Geopolitical volatility in Middle East affecting project issuance and execution pace
• High competition across segments; bid outcomes determine near-term inflows
• Urea policy shifts and non-core segment opportunities altering project mix

Quarterly Financial Performance

• Total Income: Rs 8,379.49 Mn; Consultancy Rs 4,990.10 Mn; Turnkey Rs 3,018.58 Mn; Other income Rs 370.81 Mn.
• Segment Profit (Total): Rs 1,423.26 Mn; Consultancy Rs 1,196.61 Mn; Turnkey Rs 226.65 Mn.

Quarterly Business Secured & Order Book

• Q1 FY26-27 total business secured Rs 5,136 Mn (Consultancy: Domestic 786; Overseas 2,886; Total Consultancy 3,672; Turnkey 1,464).
• Total Order Book (Standalone): Rs 151,093 Mn as on Mar 26, 2026; Consultancy 72%, Turnkey 28%.
• Salient orders: ONGC IPSHEM Goa 117 Mn; HPCL VRMP 340 Mn; Leh Airport 120 Mn; ONGC CBD 1,346 Mn; Dangote Fertilizer 2,860 Mn.

Annual Performance Summary

• FY 2025-26 Total Income: Rs 40,589 Mn; Consultancy Rs 17,821 Mn; Turnkey Rs 20,678 Mn; Other Income Rs 2,090 Mn.
• PAT: Rs 6,387 Mn; PAT Margin 17%.
• FY 2025-26 Consultancy Profit Rs 4,237 Mn; Turnkey Profit Rs 3,561 Mn; Consultancy Margin 24%; Turnkey Margin 17%.

Capital Investments & Equity Stakes

• Ramagundam Fertilizer Project: EIL 26% stake; equity Rs 491 Cr.
• Capex Rs 6,388 Cr; Urea 3850 MTPD; Ammonia 2200 MTPD.
• NELP IX Upstream Assets: EIL 20% equity; Gujarat assets; 42/131 Sq Km.
• Exploration assets: Rs 300 Cr total cost.
• Numaligarh Refinery Ltd.: EIL 4.37% minority stake; equity Rs 838.41 Cr.
• LLC-BEO: 20% equity for EIL; partners OIL, OVL, GAIL, IOCL.
• CBG Plant at Kohlapur: 5 TPD; under construction; planned Rs 68.20 Cr; expenditure to date Rs 3.3 Cr.

Financial results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Reports for quarter ended 30 June 2026 enclosed.

Board appointments

• Approved appointment of Kahuli Sema as Non-official Independent Director for three years from 13 Aug 2026.
• Approved appointment of Ashish Kumar Gupta as Non-official Independent Director for three years from 13 Aug 2026.

Regulatory/compliance and auditor notes

• MoPNG letter governs independent director appointments; SEBI LODR filings to follow.
• Auditors conducted Limited Review; no material misstatement detected.
• Some subsidiary and joint venture interim statements not reviewed; conclusion not modified.