Engineers India Q2 FY27 Results: Consolidated Net Profit ₹197 Crore
Earnings
Engineering consultancy
Blacklitt Research3 min read
Hans Peters for Anefo, via Wikimedia Commons (CC0). Illustrative image.
Consolidated net profit was ₹196.68 crore and standalone net profit was ₹179.75 crore for the quarter ended 30 Sep 2026. Consolidated revenue from operations was ₹824.20 crore and standalone revenue from operations was ₹802.36 crore.
Key highlights
Consolidated
Including its subsidiaries
Revenue from operations: ₹824.20 crore, down 10.5% YoY and up 0.5% QoQ
Net profit: ₹196.68 crore, up 135.6% YoY and 24.5% QoQ
EPS, basic: ₹3.50, up 134.9% YoY
Other income: ₹65.75 crore, up 78.3% YoY and 72.2% QoQ
Standalone
The company on its own, without its subsidiaries
Revenue from operations: ₹802.36 crore, down 10.9% YoY and up 0.2% QoQ
Net profit: ₹179.75 crore, up 56.6% YoY and 65.5% QoQ
EPS, basic: ₹3.20, up 56.9% YoY
Other income: ₹76.99 crore, up 60.9% YoY and 107.6% QoQ
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
824.20
921.29
-10.5%
819.84
+0.5%
Other income
65.75
36.87
+78.3%
38.18
+72.2%
196.68
83.49
+135.6%
157.94
+24.5%
Profit before tax
248.87
120.36
+106.8%
n/a
n/a
Finance costs
0.25
0.55
-53.7%
0.51
-50.5%
Depreciation
10.39
10.13
+2.6%
9.79
+6.2%
EPS, basic (₹)
3.50
1.49
+134.9%
2.81
+24.6%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit rose 135.6% to ₹196.68 crore from ₹83.49 crore a year earlier, while revenue from operations fell 10.5% to ₹824.20 crore from ₹921.29 crore. Other income rose 78.3% to ₹65.75 crore. The consolidated statement prints a share of profit of joint venture entities and associates of ₹20.92 crore for the quarter, against a share of loss of ₹25.57 crore in the same quarter last year. Profit before tax was ₹248.87 crore against ₹120.36 crore.
Note 4 says the company terminated a contract in April 2016 after an investigating agency found that the contractor had submitted a bogus qualifying certificate. The contractor filed a claim of ₹409.61 crore before the Arbitrator, and the company filed a counterclaim of ₹129.07 crore. Arbitration was stayed sine die after a third-party creditor started insolvency proceedings against the contractor, and the company has filed its claims with the IRP. Management says it does not consider that any possible obligation on this account requires a future probable outflow of resources. The auditor's conclusion is unmodified and is not modified in respect of this matter.
The company paid a final dividend of ₹2.50 per share for FY 2025-26 on 9 Oct 2026, after shareholders approved it at the Annual General Meeting held on 18 Sep 2026. The Board declared a First Interim Dividend for FY 2026-27 with a record date of 5 Nov 2026, and the filing says it will be payable within 30 days.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
802.36
900.40
-10.9%
800.87
+0.2%
Other income
76.99
47.84
+60.9%
37.08
+107.6%
179.75
114.81
+56.6%
108.59
+65.5%
Profit before tax
229.46
149.58
+53.4%
145.36
+57.9%
Finance costs
0.50
0.50
-0.5%
0.45
+11.9%
EPS, basic (₹)
3.20
2.04
+56.9%
1.93
+65.8%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 56.6% to ₹179.75 crore from ₹114.81 crore, while revenue from operations fell 10.9% to ₹802.36 crore from ₹900.40 crore. Other income rose 60.9% to ₹76.99 crore. Profit before tax was ₹229.46 crore against ₹149.58 crore a year earlier.
The segment figures show Consultancy & Engineering Projects revenue of ₹594.39 crore in the quarter, and Turnkey Projects revenue of ₹207.97 crore against ₹489.11 crore in the same quarter last year. The segment note says margins in Turnkey Projects do not accrue uniformly during the year, so segment performance can be read only from full-year figures.
Standalone capital employed was ₹3,171.97 crore at 30 Sep 2026. In the half year ended 30 Sep 2026, net cash flow from operating activities was ₹604.76 crore, against ₹40.05 crore in the half year ended 30 Sep 2025.
Inference
The filing says the Board declared a First Interim Dividend for FY 2026-27, but the per-share amount is not stated in the text read. It also does not say why standalone other income rose or why the share of joint venture and associate results moved from a loss to a profit in the consolidated statement.
The auditor's limited review of both statements expressed an unmodified conclusion, and it is not modified in respect of the Note 4 matter. The Note 4 outcome remains open, as the filing describes the arbitration as stayed.
The company's market value was ₹14,155 crore at the 30 Oct 2026 close of ₹251.85 a share, according to Blacklitt's data. Engineers India operates in the infrastructure sector.
Create a free account to read the rest of this article and the analysis that follows.
By continuing you agree to our Terms and Privacy Policy, and to receive updates from Blacklitt by email. You can unsubscribe anytime.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
ENGINERSINEngineers India Ltd.
