Engineers India Q3 Review - Order Inflow Remains A Concern: Prabhudas Lilladher
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Engineers India Q3 Review - Order Inflow Remains A Concern: Prabhudas Lilladher

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 subdued revenues of Rs 8.4 billion, down 6% YoY led by Covid-19 related execution challenges.

Overall weak operating performance at turnkey levels led to lower than expected profitability.

Margins in turnkey projects were weak at 1.4% versus 3% in Q3 FY20 and 1.9% in Q2 FY21 thereby lowering overall margins.

Order inflows de-grew by 48% YoY to Rs 1.9 billion led by delay in ordering activity. Order inflow mainly came from domestic consultancy segment (~97%).

Order book declined by 18% YoY to Rs 83 billion.

Click on the attachment to read the full report:

Prabhudas Lilladher Engineers India Q3FY21 Result Update.pdf

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