PSU stock falls most in nearly two years after Q4 results trigger 10% drop

Shares of Engineers India Ltd. declined as much as 10% on Friday, May 22, in response to a weak quarterly performance during the January-March period. This is the biggest single-day fall for the stock since February 2025.The state-run company’s net profit for the March quarter fell by nearly a third, declining by 30.2% from the same quarter last year to ₹195.5 crore from ₹279.8 crore earlier.

Revenue for the quarter stood at ₹926.3 crore, which is a decline of 8.3% from the ₹1,010.3 crore it reported during the base quarter.
Earnings before interest tax depreciation and amortisation (EBITDA) halved in value, registering a decline of 50.4% to ₹151.7 crore in the fourth quarter from ₹306 crore last year, while EBITDA margins nearly halved to 16.4% from 30.3% in the year-ago period.Engineers India’s consultancy revenues in the fourth quarter declined 8% to ₹516.7 crore from ₹561.5 crore. Its turnkey projects declined 8.6% as well to ₹409.6 crore from ₹448 crore last year.

Shares of Engineers India declined 10.2% to hit an intraday low of ₹213 apiece on Friday. This is its biggest single-day drop since June 4, 2024, when it had declined 17.3%.

Shares of Engineers India are trading 7.3% lower on Friday at ₹219.8. The stock is the top loser on the Nifty 500 index. The stock is down 10% in the last one month, thereby trimming its gains for 2026 down to 8.5%.

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