EIL Q3 Results: Net Profit Soars 242% to ₹301.74 Crore, Driven by Turnkey Project Settlement

Mumbai: Engineers India Limited (EIL), a leading engineering consultancy and PSU under the Ministry of Petroleum & Natural Gas, announced its Q3 FY26 results today, reporting a standalone net profit of ₹301.74 crore for the quarter ended December 31, 2025. This marks an extraordinary growth of 242.5% from ₹88.10 crore recorded in the corresponding quarter of the previous year.

Financial Highlights (Standalone, Q3 FY26):

• Net Profit (PAT): ₹301.74 crore (vs. ₹88.10 crore in Q3 FY25) — ↑ 242.5%

• Total Income: ₹1,251.59 crore (vs. ₹787.21 crore in Q3 FY25) — ↑ 59.0%

• Profit Before Tax (PBT): ₹395.37 crore (vs. ₹118.13 crore in Q3 FY25) — ↑ 234.7%

• Revenue from Operations: ₹1,193.63 crore (vs. ₹750.16 crore in Q3 FY25) — ↑ 59.1%

• Earnings Per Share (EPS): ₹5.37 (vs. ₹1.57 in Q3 FY25) — ↑ 242.0%

Segment Performance (Q3 FY26):

Key Drivers for Exceptional Growth:

₹213.58 Crore One-Time Contract Settlement: The company achieved mechanical completion of an ongoing turnkey project during the quarter, resulting in an adjustment to the contract price as per Ind AS 115 provisions. This led to an increase in revenue by ₹226.52 crore and profit by ₹213.58 crore in the Turnkey segment.

Additionally, pursuant to settlement of performance obligations with a client in the Consultancy segment, contractual obligations amounting to ₹35.17 crore were written back during the quarter (previously recognized in Q2 FY26).

Nine-Month Performance (Apr-Dec 2025):

For the nine-month period ended December 31, 2025, the company reported:

• Net Profit (PAT): ₹486.72 crore (vs. ₹222.00 crore in 9M FY25) — ↑ 119.2%

• Revenue from Operations: ₹2,951.19 crore (vs. ₹2,037.22 crore in 9M FY25) — ↑ 44.9%

• Profit Before Tax (PBT): ₹638.71 crore (vs. ₹291.74 crore in 9M FY25) — ↑ 118.9%

• Earnings Per Share (EPS): ₹8.66 (vs. ₹3.95 in 9M FY25) — ↑ 119.2%

Shareholder Reward:

The Board of Directors had declared an interim dividend of ₹1 per share (20% on face value of ₹5 each) for FY 2025-26 in their meeting held on November 28, 2025. The dividend was paid on December 19, 2025.

Consolidated Results:

Including subsidiary Certification Engineers International Limited (100% owned) and the company's share in joint ventures including Ramagundam Fertilizers and Chemicals Limited (26% stake), the consolidated net profit for Q3 FY26 stood at ₹347.17 crore, a growth of 219.3% from ₹108.73 crore in Q3 FY25.

Joint Venture Contribution: The company's share of profit from joint venture entities stood at ₹41.61 crore for Q3 FY26 (vs. ₹14.98 crore in Q3 FY25).

Segment-wise Capital Employed:

• Standalone Capital Employed: ₹2,937.89 crore as of December 31, 2025

• Consolidated Capital Employed: ₹2,996.26 crore as of December 31, 2025

Auditor's Report:

Statutory auditors M/s. Datta Singla & Co. issued an unmodified (clean) limited review report on both standalone and consolidated financial results. The audit report noted that financial statements of the subsidiary and one joint venture were reviewed by other auditors, with the consolidated conclusion based on their reports.

Other Key Developments:

• No exceptional items were reported during the quarter

• Deferred tax benefit of ₹7.46 crore recognized during Q3 FY26

• Other Comprehensive Income: ₹0.09 crore (net) for the quarter

• The Board Meeting commenced at 3:00 PM and concluded at 4:30 PM on February 12, 2026

Management Commentary:

The significant jump in profitability was primarily driven by the mechanical completion and price adjustment in a major turnkey project, along with settlement of performance obligations in the consultancy segment. The company continues to maintain a strong order book across both consultancy and turnkey project segments.

About Engineers India Limited: Engineers India Limited is a 'Navratna' Central Public Sector Enterprise under the Ministry of Petroleum & Natural Gas, providing engineering consultancy, project management, and turnkey services primarily for hydrocarbon and infrastructure projects. The company has been a key player in India's energy security infrastructure development for over five decades.