Q1 2025 Engineers India Ltd Earnings Call Transcript
Key Points
- Engineers India Ltd (BOM:532178) reported a strong order inflow, increasing the order book to INR11,000 crore by the end of July.
- The company secured significant consultancy projects from BPCL for the Bina refinery and LSTK projects from ONGC.
- The management expressed confidence in achieving the revenue target of INR3,500 crore for the fiscal year, supported by a robust order book.
- The Ramagundam project is running at 90% capacity, contributing positively to the company's financials.
- The company is actively pursuing green initiatives, including green hydrogen and renewable energy projects, which are expected to contribute 10% to 12% of revenue.
- The company's turnover for Q1 FY25 declined to INR611 crore from INR808 crore in the same quarter of the previous year, primarily due to lower turnover from the turnkey segment.
- Other income for the quarter dropped significantly to INR38 crore from INR93 crore in the previous year.
- The EBIT margin for the consultancy segment was lower than expected, raising concerns about future profitability.
- There were technical difficulties and disruptions during the earnings call, affecting the clarity of some responses.
- The company faces challenges in the African market due to issues like client reliability and corruption, which could impact future projects.
Ladies and gentlemen, good day, and welcome to the EIL Q1 FY25 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.
Good afternoon, everyone, and welcome to the Q1 FY25 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 & Accounts; Mr. Sunil Saxena, Executive Director, Technical; Mr. Amanpreet Singh Chopra, Senior General Manager, C&MD Office; Mr. Vivek Midha, Senior General Manager, Marketing, Business Development, & IR; and Ms. Neha Narula, Senior Manager, Company Secretariat & IR.
I'll now hand over the floor to Mr. Jindal for his initial remarks, post which, we'll
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