Engineers India FY26: Higher income, stronger margins, and an order book reset

Management stated the order book reached an all-time high of INR 15,109 crore as of March 31, 2026, compared with INR 11,717 crore as of March 31, 2025.

In the earnings call, management stated standalone turnover was INR 3,849 crore and standalone profit after tax was INR 638 crore for FY 2025-26.

Management indicated it will try to maintain total business secured around INR 8,000 crore in FY 2026-27.

Management stated it aims to maintain consultancy segment profit in the 20% to 25% range and LSTK/turnkey segment profit around 5% to 7%.

Management said the Middle East contributed around 30% of overseas business secured and estimated 10% to 15% of the current order book is Middle East-specific, while noting a near-term slowdown in new project awards due to the security situation.

Management stated it is executing both Dangote refinery expansion and fertilizer projects. It cited contract values of $360 million (refinery) and $70 million (fertilizer) with timelines around four to five years.

Management said AI is being used for internal engineering processes such as accessing and analyzing historical costing data faster and generating reports, and that a digitalization department has been created.