Engineers India Q2 Review - Revenue Misses Our Estimate; Order Inflows Robust: Motilal Oswal

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..Motilal Oswal Report.Engineers India Ltd.’s Q2 FY22 revenue was 12% below our estimate, with the miss led by lower than expected revenue in the consultancy segment. Operating profit came in line with our estimate, with a favorable revenue mix (54% share of consultancy segment revenue) leading to higher than estimated Ebitda margin at 9.3% (estimate: 8.2%). Lower than expected other income led to adjusted profit after tax 15% below our estimates. Order inflows in Q2 /H1 FY22 stood at Rs 11.7 billion/Rs 14.5 billion, and ~30% higher versus H1 FY20 levels, thereby indicating a revival in ordering activity in its key end-market of oil and gas. While oil and gas continues to remain a key end-market for Engineers India, the management is exploring other end markets where its expertise can be implemented (Biofuels). .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Engineers India Q2 Review - Revenue Misses Our Estimate; Order Inflows Robust: Motilal Oswal

Engineers India Q2 Review - Revenue Misses Our Estimate; Order Inflows Robust: Motilal Oswal

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