Engineers India delivered exceptional financial results for the December quarter, with consolidated net profit surging 219.3% year-on-year to ₹347.2 crore compared to ₹109 crore in the year-ago period. According to the latest regulatory filing, the company's revenue from operations advanced 58.3% YoY to ₹1,210 crore from ₹765 crore in the corresponding quarter last year. Total income stood at ₹1,269.43 crore compared to ₹802.66 crore a year ago, while total expenses were ₹868.83 crore versus ₹676.83 crore in the previous year. EBITDA grew 259.79% YoY to ₹352 crore from ₹98 crore in the previous year, while EBITDA margin expanded significantly to 29.10% compared with 12.80% a year ago, reflecting a 1,630 basis point year-on-year improvement. The company's total market capitalisation stands at ₹11,716.34 crore as of February 13, 2026.
The Navratna firm's revenue performance showed strong growth across all segments during Q3FY26. Revenue from the consultancy & engineering projects segment stood at ₹490.14 crore, marking a significant YoY jump from ₹421.22 crore in the year-ago period. The turnkey projects vertical recorded revenue of ₹720.10 crore for the reporting quarter, representing a substantial increase from ₹343.37 crore in the quarter ended December 31, 2024. This diversified revenue base demonstrates the company's strong execution capabilities across multiple project categories and its growing market presence in both domestic and international markets.
Engineers India reported new business wins totalling ₹502.7 crore during December quarter (Q3FY26). The domestic consultancy segment emerged as the primary growth driver, contributing ₹296 crore to the company's total intake, while the overseas consultancy segment recorded the lowest business volume during the same period. The total order book size stands at ₹12,537 crore as of December 2025, according to the company's latest Investor Presentation. This substantial order book provides strong revenue visibility for future quarters and demonstrates the company's robust project pipeline across both domestic and international markets.
The company secured its largest overseas order to date, winning a $360 million contract from Nigeria's Dangote Group for the expansion of a mega refinery project during the December quarter. As reported by Business Standard, this represents a significant milestone for Engineers India's international expansion strategy. The contract involves Dangote's plans to expand its Lekki Free Zone integrated refinery and petrochemical complex's refining capacity from 650,000 barrels per day to 1.4 million barrels per day (Train 2), with the expanded facility slated to produce Euro VI-grade fuels. Alongside the refining expansion, Dangote also plans to scale up polypropylene capacity from 830 kTPA to 2.4 MMTPA by revamping the existing unit and installing an additional 1.2 MMTPA unit, along with a 750 kTPA UOP Oleflex unit. Engineers India previously partnered with Dangote as PMC and EPCM consultant for the 650,000 bpd refinery and petrochemical complex, which was commissioned in 2024.
Shares of Engineers India rallied as much as 15.9% to ₹209.7, the highest level since January 7 on the National Stock Exchange (NSE) on Friday, following the robust quarterly performance announcement. According to Business Standard, the buying momentum came after the company posted its Q3 results after market hours. At 11:10 AM, the stock was trading 15.04% higher at ₹208 per share, with around 66.83 million shares changing hands on NSE during the session. The stock has advanced 22.3% in the last 12 months compared to a 11.1% advance in the Nifty 50 index. However, the stock remains about 20.5% below its 52-week high of ₹255.45 hit on July 11, 2025, indicating some recovery from recent lows but still below its peak performance levels. The stock's strong performance contrasted with the broader market, as the BSE Sensex was down 1% at 82,840.92 during the same trading session.
