Engineers India Q4 Profit Falls 30% YoY, Margins Under Pressure

$ELECON !eng 📰 Key Highlights Net Profit: ₹1.95B vs ₹2.8B YoY → -30% decline Revenue: ₹9.3B vs ₹10B YoY → -7% decline EBITDA: ₹1.52B vs ₹3B YoY → -49% decline EBITDA Margin: 16.45% vs 29.8% YoY → margin contraction of ~1,335 bps 📊 Fundamentals & Ratios PE Ratio (TTM): ~22x (vs sector average ~18x) ROE: ~10% (down from ~15% last year) Debt-to-Equity: ~0.2 (low leverage, PSU advantage) Dividend Yield: ~2.1% (steady payouts despite profit decline) 🏗️ Business Focus & Projects Core expertise in engineering consultancy, project management, and EPC services. Key projects in oil & gas pipelines, refineries, and petrochemicals. Expanding into renewables, green hydrogen, and carbon capture projects. Strategic focus on international contracts in Middle East and Africa. ⚠️ Risks Margin pressure from rising input costs and project delays. Dependence on oil & gas sector; diversification into renewables still nascent. Global crude volatility impacting order inflows. Execution risks in large-scale EPC contracts. 📈 Outlook Strong order book in refineries and pipelines provides visibility. Diversification into green energy projects could support long-term growth. Margin recovery will be critical for sustained profitability. Engineers India remains a key PSU player in energy infrastructure, but near-term earnings face pressure.