Engineers India (EIL) in Q1 is expected to report a 5.9 percent growth in profit at Rs 85.1 crore and 4 percent growth in revenue at Rs 453 crore year-on-year, according to average of estimates of analysts polled by CNBC-TV18.
Operating profit is seen rising 12.5 percent year-on-year to Rs 61.5 crore and margin may expand 100 basis points to 13.6 percent in June quarter.
Ongoing weak execution (in both consulting and turnkey segments) may continue to constrain the topline growth despite robust order book of Rs 3,640 crore. EBITDA margin expansion may be led by higher share of consultancy orders (high margin orders) in order book.
High other income (due to high cash balance) may lift the bottomline. Order inflows are expected to remain weak in June quarter.
Key things to watch out for would be current Order book and outlook for new projects intake.
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