The rally comes after the Navratna public sector engineering consultancy reported a record performance for FY26, with revenue from operations rising 27.1% year-on-year to ₹3,849 crore and net profit increasing 36.9% to an all-time high of ₹638 crore.
EIL’s order book stood at ₹15,109 crore at the end of FY26, while order inflows during the year stood at ₹7,978 crore. The order book has since increased to around ₹17,000 crore.
Operating profitability also improved during FY26, with operating margin rising to 16.22% from 14.76% a year earlier. EBITDA margin increased to 21.61% from 20.60%. The company has already secured ₹3,565 crore of orders in FY27, comprising ₹2,492 crore from domestic projects and ₹1,073 crore from international business.
EIL targets 10% revenue growth in FY27
EIL is targeting 10% revenue growth in FY27 while aiming to maintain operating margins in the 14-16% range. Chairman and Managing Director Atul Gupta has indicated that order inflows could accelerate through the remaining quarters of FY27, with the first quarter typically being a weaker period for order bookings.
The company is also seeking to diversify beyond its traditional oil and gas business, with a focus on sectors including metals, nuclear energy, infrastructure, data centres, fertilisers and maritime projects.
EIL expects its healthy order book and execution pipeline to support growth through FY27. The company is also looking to maintain EBITDA margins as the contribution from its engineering, procurement and construction (EPC) business improves.
Q1 FY27 turnover at ₹800 crore
For Q1 FY27, EIL’s standalone revenue from operations stood at ₹800.9 crore, down 6.6% from ₹857.1 crore in the year-ago quarter. Consolidated revenue declined 5.8% year-on-year to ₹819.8 crore.
However, profitability improved sharply. Consolidated net profit rose 141% year-on-year to ₹157.9 crore from ₹65.4 crore, while the consultancy and engineering projects segment reported profit of ₹119.7 crore and the turnkey projects segment reported ₹22.7 crore.
The revenue mix was tilted towards consultancy during the quarter, while the EPC business saw a temporary decline as some projects approached completion. EIL typically has a revenue mix of around 55% consultancy and 45% EPC, and Gupta expects this mix to normalise in the coming quarters as EPC execution picks up.
### International business remains a growth area
EIL’s international business was impacted by geopolitical tensions in West Asia, although the company secured around ₹500 crore of orders from the region during the April-June quarter.
The company expects activity from key West Asian customers, including Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), to improve as infrastructure projects resume. The opportunity pipeline includes projects across pipelines, terminals and energy infrastructure.
EIL’s broader international expansion also includes projects in Africa and the Middle East, with overseas order inflows reaching a record ₹4,929 crore in FY26.