Engineers India shares jump 15 per cent on record order book
The state-owned company reported a 56 per cent year-on-year increase in net profit for the September quarter.
Shares of state-owned Engineers India Ltd (EIL) rose 15 per cent on Monday, 2 November, following the announcement of its September quarter results for FY27. According to Mint, the company recorded a 56 per cent year-on-year rise in net profit, which reached ₹180 crore for the quarter.
The engineering and consultancy firm also reported its highest-ever order book, valued at ₹20,421 crore as of 30 September. During the first half of FY27, the company secured new orders worth ₹7,428 crore, consisting of ₹5,762 crore from consultancy services and ₹1,666 crore from turnkey projects.
For the six months ended September 2026, EIL's net profit grew to ₹288 crore from ₹185 crore in the same period last year. The company's EBITDA for the first half was ₹395 crore, up from ₹265 crore in the previous year, while the EBITDA margin rose to 23 per cent from 14 per cent.
Engineers India stated it intends to focus on business expansion, operational efficiency, and strengthening its international presence. The company is also looking to target opportunities in infrastructure, energy transition, and conventional energy.
Gaurav Arora, Head of Research at SAHI, said the company has formed a base and is attempting to recover. He noted that a move above the ₹290 resistance level could lead to a rally towards previous highs of ₹320–322.