
New Delhi: Engineers India Limited (EIL) closed FY25 on a high note, posting a stellar 167 percent year-on-year (YoY) jump in net profit for the March quarter to Rs 24,323 lakh, up from Rs 9,094 lakh in Q4 FY24. This strong bottom-line performance came despite a modest 25.4 percent YoY rise in revenue from operations to Rs 99,113 lakh in Q4. On a sequential basis, net profit more than doubled from Rs 8,810 lakh in Q3, aided by a sharp improvement in margins and a surge in consultancy revenue. For the full fiscal year, EIL reported a 30.3 percent rise in net profit to Rs 46,524 lakh, even as total income dipped 7.5 percent to Rs 3,19,800 lakh.
Reflecting investor confidence, EIL shares opened at Rs 212.25 apiece on Thursday and surged post-results to close at Rs 220.82 on the BSE, marking a gain of nearly 4 percent.
Revenue from operations in Q4 FY25 rose to Rs 99,113 lakh, up 32.1 percent from Rs 75,016 lakh in Q3 FY25 and 25.4 percent from Rs 79,027 lakh in Q4 FY24. The sharp rise was led by the Consultancy and Engineering Projects segment, which posted Rs 54,247 lakh in revenue — a 33.3 percent sequential and 39.6 percent YoY increase. Profit before tax stood at Rs 32,498 lakh in Q4, nearly triple the Rs 11,813 lakh reported in the previous quarter and 179 percent higher than Q4 FY24.
Total expenses for the quarter increased only 5.8 percent QoQ to Rs 70,810 lakh, resulting in significant operating leverage. EBITDA for the quarter is estimated at Rs 33,560 lakh, reflecting a margin of approximately 33.9 percent — a notable improvement from ~17.3 percent in Q3 and ~19.7 percent in Q4 FY24.
On a consolidated basis, Engineers India Limited continued to demonstrate resilience and profitability during FY25. The group — comprising the holding company, its subsidiary, joint venture, and associate — reported a strong improvement in profitability metrics. Consolidated profit after tax stood at Rs 47,118 lakh for FY25, compared to Rs 36,582 lakh in FY24, marking a growth of over 29 percent. Despite a decline in consolidated total income from Rs 3,49,819 lakh in FY24 to Rs 3,25,920 lakh in FY25 — primarily due to lower revenue from turnkey operations — the group’s profitability improved on the back of higher margins in the consultancy segment and disciplined cost control. The consolidated EBITDA also saw notable growth, mirroring the standalone trend, while the group maintained a healthy balance sheet with no debt and robust liquidity.
For the full financial year 2024–25, EIL’s standalone revenue from operations declined 6.3 percent YoY to Rs 3,02,835 lakh, primarily due to a 24.1 percent drop in revenue from turnkey projects, which fell from Rs 1,77,788 lakh in FY24 to Rs 1,34,959 lakh in FY25. In contrast, Consultancy and Engineering Projects revenue grew 15.4 percent YoY to Rs 1,67,876 lakh, offsetting part of the contraction.
Total income fell to Rs 3,19,800 lakh from Rs 3,45,676 lakh a year earlier, but profit before tax jumped 31.2 percent to Rs 61,673 lakh from Rs 47,041 lakh. Net profit for the year rose to Rs 46,524 lakh from Rs 35,699 lakh in FY24, supported by reduced operational costs and lower finance expenses. Estimated full-year EBITDA stood at Rs 65,867 lakh, a 30.4 percent YoY increase.
The consultancy segment contributed Rs 27,854 lakh in profit during Q4, up from Rs 10,480 lakh in Q3 and Rs 8,922 lakh in Q4 FY24. For FY25, segment profit reached Rs 50,963 lakh, compared to Rs 32,531 lakh in FY24 — a 56.6 percent increase. Meanwhile, the turnkey projects segment reported FY25 profits of Rs 10,539 lakh, marginally up from Rs 10,242 lakh in FY24 despite a steep revenue decline, reflecting improved cost control.
The Board of Directors has recommended a final dividend of Rs 1 per share, in addition to the Rs 2 interim dividend already paid, bringing the total dividend for FY25 to Rs 3 per share. EIL remains debt-free, with total equity rising to Rs 2,62,004 lakh as of March 31, 2025, from Rs 2,31,128 lakh in FY24. Cash and bank balances, including other bank deposits, stood above Rs 1,24,000 lakh, ensuring ample liquidity.
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