Shares of Engineers India Limited (EIL) rallied nearly 15% on Monday, November 2, reaching ₹290 per share. Investors responded positively to the company’s strong Q2 FY27 performance, supported by rising profits, improved operating margins and a record order book.
The latest rally has pushed the PSU stock’s gains to approximately 44% in 2026, extending its positive momentum.
Engineers India Q2 Results: Net Profit Rises 66%
Engineers India reported a net profit of ₹180 crore for the September quarter, marking a 66% increase compared with ₹108.5 crore in the previous quarter.
The company also delivered better operating performance. EBITDA, including other income, climbed to ₹240 crore from ₹155 crore in Q1 FY27. Additionally, its EBITDA margin improved to 27%, compared with 19% in the preceding quarter.
Order Book Reaches a Record ₹20,421 Crore
A major highlight of the company’s performance was its strong order inflow.
During the first half of FY27, Engineers India secured new orders worth ₹7,428 crore. This included ₹5,762 crore from consultancy services and ₹1,666 crore from turnkey projects.
Consequently, its total order book reached an all-time high of ₹20,421 crore as of September 30, 2026. This provides visibility into future business opportunities and reflects continued demand for its engineering and project services.
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H1 FY27 Profit Increases 56%
Engineers India also reported encouraging results for the first six months of FY27.
Its net profit rose 56% year-on-year to ₹288 crore, compared with ₹185 crore in the corresponding period last year.
Meanwhile, EBITDA increased to ₹395 crore from ₹265 crore. The EBITDA margin also expanded to 23%, against 14% in the first half of the previous financial year.
What’s Next for Engineers India?
The company plans to focus on business expansion, operational efficiency, portfolio diversification and strengthening its international presence.
It is also exploring opportunities across conventional energy, energy transition and infrastructure projects.
Although the record order book and improving profitability support the company’s growth outlook, investors will closely monitor how efficiently EIL executes these projects and converts its orders into actual revenue.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult a SEBI-registered financial adviser before making investment decisions.
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