Engineers India is expected to report a 10 percent growth in profit at Rs 88 crore for April-June quarter, against Rs 80 crore in same quarter last year.
Revenue during the quarter is seen rising 17 percent year-on-year to Rs 397 crore, driven by both consultancy & lumpsum turnkey segment.
Operating profit may increase to Rs 79 crore from Rs 73 crore but margin may shrink to 19.9 percent from 21.4 percent on year-on-year basis due to product mix. In Q1FY17, the company had a provision write back.
Order inflow and margin will be closely watched.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
