Shares of state-owned Engineers India Ltd (EIL) surged 15% on Monday, 2 November, after the company reported a 56% year-on-year increase in net profit for the September quarter of FY27. The company also posted its highest-ever order book of ₹20,421 crore, signalling strong business momentum and improved revenue visibility.
Engineers India's consolidated net profit rose to ₹180 crore in Q2 FY27, compared with the corresponding period last year. On a sequential basis, profit increased 66% from ₹108.5 crore in the April-June quarter, according to the company's financial results.
The company's operating performance also improved during the quarter. EBITDA, including other income, increased to ₹240 crore from ₹155 crore in the preceding quarter, while the EBITDA margin expanded to 27% from 19%. However, turnover declined to ₹802 crore in Q2 FY27 from ₹900 crore in Q2 FY26.
The engineering and consultancy company secured fresh orders worth ₹7,428 crore during the first half of FY27. This included ₹5,762 crore from consultancy services and ₹1,666 crore from turnkey projects.
With these additions, its total order book reached an all-time high of ₹20,421 crore as of 30 September, providing visibility for future business and reflecting sustained demand for its engineering and project execution capabilities.