Q4 2024 Engineers India Ltd Earnings Call Transcript
Key Points
- Engineers India Ltd (BOM:532178) reported a consolidated profit of INR445 crores for the year ended March 31, 2024, a 29% increase from the previous year.
- The company achieved a profit after tax of INR91 crores in Q4 FY24, up from INR50 crores in the previous quarter.
- Order inflow for FY24 amounted to INR3,406 crores, with a strong order book position of INR7,823 crores as of March 31, 2024.
- The company's debtor days reduced to 35 days in FY24 from 39 days in FY23, indicating improved receivables management.
- Engineers India Ltd (BOM:532178) has a healthy earning per share of INR6.35, up from INR6.09 in the previous year.
- Turnover for FY24 was INR3,232 crores, slightly down from INR3,284 crores in FY23.
- The company did not participate in the Numaligarh refinery expansion project, missing out on potential revenue.
- Order intake guidance of INR4,500 crores to INR5,000 crores was not met, with actual intake at INR3,400 crores.
- Finance costs on a consolidated level increased significantly, impacting overall profitability.
- The dividend payout ratio has decreased to less than 40%, down from historical levels of 65%-70%.
Ladies and gentlemen, good day and welcome to the Engineers India Limited Q4 FY24 earnings conference call hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Bhoomika Nair from DAM Capital Advisors Limited. Thank you, and over to you, ma'am.
Yeah, good morning everyone and a warm welcome to the Q4 FY24 and FY24 earnings call of Engineers India Limited. We have the management today being represented by Mr. Sanjay Jindal, Director Finance; Mr. Suvendu Padhi, Company Secretary and Investor Relations; Mr. R P Batra, Executive Director, Finance and Accounts and Investor Relations; Mr. Sunil Saxena, Executive Director, Technical and Investor Relations; Mr. Amanpreet Singh Chopra, Senior General Manager, CMD Office and Investor Relations; Mr. Vivek Midha, General Manager, Marketing, Business Development and Investor Relations; and Ms. Neha Narula, Senior Manager, Company Secretary and IR.
I'll now hand
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