Engineers India Q3 Results: Navratna PSU gains on strong earnings, declares dividend

Engineers India Ltd (EIL), a Navratna PSU under the Ministry of Petroleum and Natural Gas, reported a strong 78% year-on-year (YoY) increase in net profit for the third quarter of FY25, aided by higher operational efficiency.

The company’s net profit stood at ₹93.8 crore compared to ₹52.7 crore in the corresponding quarter last year.

Revenue, however, declined by 12% YoY to ₹764.6 crore from ₹867.6 crore in Q3 FY24. Despite this, operational profitability remained strong, with EBITDA surging 95.8% YoY to ₹98 crore, nearly doubling from ₹50 crore in the year-ago period.

The company’s EBITDA margin also expanded significantly to 12.8% in Q3 FY25 from 5.8% in Q3 FY24, indicating improved cost efficiencies and better project mix.
Also read: PSU stock surges 9% amid reports of Cabinet approving ₹6,000 crore package for 4G expansionEngineers India Ltd provides engineering consultancy and EPC services, primarily catering to the oil & gas and petrochemical industries.

The Board of Directors also approved an interim dividend of ₹2 per share for the financial year 2024-25.

The record date for determining eligible shareholders has been set as February 14, 2025, and the dividend payout is scheduled to commence from March 3, 2025.

Shares of EIL reacted positively to the earnings announcement, inching up 2.65% to ₹168.80 on the BSE at around 2:43 PM.