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Engineers India Q1 Review - Turnkey Execution Picks Up: Prabhudas Lilladher

Engineers India Q1 Review - Turnkey Execution Picks Up: Prabhudas Lilladher

<div class="paragraphs"><p>Off Shore project carried out by Engineers India Ltd. (Source: Company website)</p></div>
Off Shore project carried out by Engineers India Ltd. (Source: Company website)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Engineers India Ltd. reported strong performance in Q1, led by execution ramp up in turnkey segment.

Ebitda margin came in at 14.2% led by higher execution and better absorption of fixed overheads.

Order inflows came in at Rs 2.8 billion, mainly driven by orders from hydrocarbon sector.

Engineers India's order book stands strong at Rs 75.3 billion, with consultancy constituting 60% and turnkey segment comprises 40% off the total order book.

With most oil companies reviving their capex plan, we expect ordering momentum will continue to remain strong, going forward.

Click on the attachment to read the full report:

Prabhudas Lilladher Engineers India Q1FY22 Result Update.pdf

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