EIL Consultancy Turnover Hits Rs 594.389 Crore in Q2 FY26-27

Engineers India Limited reported standalone consultancy turnover of Rs 594.389 crore in Q2 FY26-27, up from Rs 411.297 crore in Q2 FY25-26. Overseas consultancy rose to Rs 219.670 crore from Rs 69.865 crore, while turnkey turnover fell to Rs 207.972 crore from Rs 489.106 crore, shifting the turnover mix toward consultancy.

What drove EIL's Q2 consultancy turnover increase?

EIL's Q2 FY26-27 consultancy turnover increased by Rs 183.092 crore year-on-year and by Rs 95.379 crore from Rs 499.010 crore in Q1 FY26-27. Domestic consultancy contributed Rs 374.719 crore, compared with Rs 341.432 crore in Q2 FY25-26 and Rs 345.826 crore in Q1 FY26-27, showing growth in both domestic and overseas assignments.

Overseas consultancy turnover reached Rs 219.670 crore in Q2 FY26-27, more than three times the Rs 69.865 crore reported in Q2 FY25-26. It also rose from Rs 153.184 crore in Q1 FY26-27. The overseas increase of Rs 149.805 crore from the prior-year quarter exceeded the Rs 33.287 crore increase in domestic consultancy turnover.

How did EIL's turnover mix change in Q2?

EIL's turnover mix was 74% consultancy and 26% turnkey in Q2 FY26-27, compared with 46% consultancy and 54% turnkey in Q2 FY25-26. The mix changed as consultancy turnover rose to Rs 594.389 crore and turnkey turnover decreased by Rs 281.134 crore year-on-year to Rs 207.972 crore.

Turnkey turnover also declined from Rs 301.858 crore in Q1 FY26-27, a sequential reduction of Rs 93.886 crore. Consultancy plus turnkey turnover was broadly unchanged sequentially at Rs 802.361 crore versus Rs 800.868 crore, but was below Rs 900.403 crore in Q2 FY25-26. Other income increased to Rs 76.986 crore from Rs 47.837 crore a year earlier, while total income declined to Rs 879.347 crore from Rs 948.240 crore.

The quarterly data show a different mix from earlier Q2 periods. Consultancy turnover increased from Rs 345.600 crore in Q2 FY22-23 to Rs 411.300 crore in Q2 FY25-26, before reaching Rs 594.400 crore in Q2 FY26-27 on EIL's chart. Turnkey turnover was Rs 436.400 crore in Q2 FY22-23 and Rs 489.100 crore in Q2 FY25-26, before declining to Rs 208.000 crore in Q2 FY26-27.

What did the turnover shift mean for EIL's segment profit?

EIL's consultancy segment profit rose to Rs 183.634 crore in Q2 FY26-27 from Rs 116.413 crore in Q2 FY25-26 and Rs 119.661 crore in Q1 FY26-27. The presentation reported consultancy segment profit of 31% of consultancy turnover, compared with 28% in the prior-year quarter. Consultancy turnover rose by Rs 183.092 crore year-on-year during the same period.

Turnkey segment profit declined to Rs 9.004 crore in Q2 FY26-27 from Rs 24.345 crore a year earlier and Rs 22.665 crore in Q1 FY26-27. EIL reported turnkey segment profit of 4% of turnover, compared with 5% in Q2 FY25-26. Total segment profit nevertheless increased to Rs 192.638 crore from Rs 140.758 crore because the rise in consultancy segment profit was larger than the decline in turnkey segment profit.

Standalone profit before tax was Rs 229.456 crore in Q2 FY26-27, compared with Rs 149.579 crore in Q2 FY25-26. Profit after tax increased to Rs 179.750 crore from Rs 114.908 crore, while earnings per share rose to Rs 3.20 from Rs 2.04. These profit measures increased even as total income was Rs 68.893 crore below the prior-year quarter.

How did EIL's H1 performance compare with last year?

EIL reported H1 FY26-27 consultancy turnover of Rs 1,093.400 crore, up from Rs 819.425 crore in H1 FY25-26. Overseas consultancy increased to Rs 372.854 crore from Rs 143.925 crore, while domestic consultancy rose to Rs 720.546 crore from Rs 675.500 crore. Overseas consultancy accounted for Rs 228.929 crore of the Rs 273.975 crore increase in total consultancy turnover.

Turnkey turnover in H1 FY26-27 was Rs 509.829 crore, compared with Rs 938.126 crore in H1 FY25-26. The half-year turnover mix was 68% consultancy and 32% turnkey, versus 47% and 53%, respectively, a year earlier. Consultancy plus turnkey turnover declined to Rs 1,603.229 crore from Rs 1,757.551 crore, and total income declined to Rs 1,717.296 crore from Rs 1,840.351 crore.

H1 FY26-27 consultancy segment profit increased to Rs 303.295 crore from Rs 184.630 crore in H1 FY25-26, while turnkey segment profit declined to Rs 31.669 crore from Rs 49.316 crore. Total segment profit increased to Rs 334.964 crore from Rs 233.946 crore. The half-year figures therefore reflected the same pattern as Q2: higher consultancy turnover and profit alongside lower turnkey turnover.

Conclusion

EIL's Q2 FY26-27 results show a substantial change in turnover composition rather than a broad increase in income. Consultancy turnover reached Rs 594.389 crore and represented 74% of consultancy plus turnkey turnover, compared with 46% a year earlier. Overseas consultancy reached Rs 219.670 crore, while turnkey turnover declined to Rs 207.972 crore and total income fell to Rs 879.347 crore.

The next quarterly results will indicate whether overseas consultancy sustains its H1 FY26-27 contribution of Rs 372.854 crore and whether turnkey turnover changes from the Rs 509.829 crore reported for the first half. EIL's presentation also displays a Net Zero by 2035 target, but the supplied quarterly pages do not provide interim milestones, financial targets or project-level plans connected to that target.