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Prabhuda’s Lilladher Report
Engineers India Ltd. had solid performance in the fourth quarter, led by accelerated turnkey execution and robust operational performance.
EBIT margins rose 274 basis points to 5.6% in Q4 FY21 due to strong execution and release of provisions.
Despite the pandemic, orders were good at ~ Rs.7 billion in the fourth quarter, which resulted in the management forecast of $ 15-16 billion.
The incoming orders come mainly from the domestic consulting segment (~ 93%).
In the short term, we expect the second wave of Covid-19 to impact the company’s performance.
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Prabhudas Lilladher Engineers India Q4GJ21 Results Update.pdf
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