Q4FY21 Result Update - Engineers India - ICICI Direct

Engineers India's (EIL) standalone revenues for Q4FY21 came in at Rs. 1116.7 crore, up 30.8% YoY, 33.5% QoQ. Consultancy and turnkey (LSTK) segment contributed 36% and 64%, respectively. For Q4FY21, consultancy revenue was up 0.8% to Rs. 404.7 crore YoY, 13% QoQ. Turnkey revenue grew 57.5% YoY, 48.8% QoQ to Rs. 712 crore owing to better execution. Absolute EBITDA came in at Rs. 164 crore, up 47.7% YoY. Overall EBITDA margin came in at 14.7%, expanding 170 bps, YoY mainly on account of better margins in the turnkey segment amid higher revenue recognition. Consultancy and turnkey segments reported EBIT margins of 27.5% (vs. 34.2% in Q4FY20) and 5.6% (vs. 2.9% in Q4FY20), respectively. EBITDA margin for FY21 came in at 10.9%, declining 290 bps YoY. Adjusted PAT (ex-exceptional item) came in at Rs. 139.1 crore, up 7.2% YoY, partly impacted by lower other income. It reported exceptional item worth Rs. 155 crore as provision towards defaults of the investment made by EIL Employee PF trust.

For details, click on the link below: Link to the report

Shares of ENGINEERS INDIA LTD. was last trading in BSE at Rs.83.85 as compared to the previous close of Rs. 83.95. The total number of shares traded during the day was 497471 in over 3597 trades.

The stock hit an intraday high of Rs. 85.4 and intraday low of 82.25. The net turnover during the day was Rs. 41637633.

Source : Equity Bulls

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