Engineers India Q4 Review - Strong Performance In Turnkey Segment: Prabhudas Lilladher
(Photographer: Stefan Wermuth/Bloomberg).

Engineers India Q4 Review - Strong Performance In Turnkey Segment: 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 healthy performance during Q4, led by ramped up execution for its turnkey segment and robust operating performance.

Ebit margins expanded by 274 basis points to 5.6% in Q4 FY21, owing to strong execution and reversal of provisions.

Despite pandemic, order inflow came in healthy at ~Rs 7 billion in Q4 resulting into management guidance of Rs 15-16 billion for FY21 being met.

Order inflow mainly come from domestic consultancy segment (~93%).

In the short term, we expect second wave of Covid-19 to impact the performance of company.

Click on the attachment to read the full report:

Prabhudas Lilladher Engineers India Q4FY21 Result Update.pdf

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