ARUN K.

AGARWAL & ASSOCIATES

CHARTERED ACCOUNTANTS

105, FIRST FLOOR, SOUTH EX. PLAZA-I

389, MASJID MOTH, SOUTH EXTN. PT.-II
NEW DELHI-110 049
PH. : 26251200, 26257400, FAX : 011-26251200
e-mail : arunagarwal_ca@rediffmail.com

LIMITED REVIEW REPORT

To

The Boqrd of Direclors

Engineers Indio Limited,
Engineer lndio Bhovon,
1, Bhikoji Como Ploce,
,|.|0065
New Delhi -

We hove reviewed the occomponying stotement of Stondolone unoudited

finonciol results ('The Siotement') of Engineers Indio Limited ('The Compony') for
the quorter ond holf yeor ended 30t' September 2016 ottoched herewith. This
stotement is the responsibility of the compony's monogement ond opproved by
the Boord of Directors. Our responsibility is to issue o report on these finonciol
stotements bosed on our review.

2.

3.

We conducted our review in occordonce with Stondord on

Review
Engogements (SRE) 2410, "Review of lnterim Finonciol Informotion Performed by
the Independent Auditor of the Entity." issued by the Institute of Chor{ered
Accountonts of Indio. This stondord requires thot we plon ond perform the
review to obtoin moderote ossuronce os to whether the finonciol stotements
ore free of moteriol misstotement. A review is limited primorily to inquiries of
compony personnel ond onolyticol procedures opplied to finonciol doto ond
thus provide less ossuronce thon on oudit. We hove noi performed on oudit ond
occordingly, we do noi express on oudit opinion.
Bosed on our review conducted os obove, nothing hos come to our ottention
thot couses us to believe thot the occomponying stotement of unoudited
with opplicoble occounting stondords
finonciol results prepored in occordonce
,|33
of the Componies AcI, 2013, reod with
i.e lnd AS prescribed under Section
relevont rules issued there under ond other recognised occounting proctices
ond policies hos not disclosed the informotion required to be disclosed in terms
of regulotion 33 of the SEBI (Listing Obligotions ond Disclosure Requirements)
Regulotions, 20,|5, reod with SEBI Circulor No. CIR/CFD/CMD/1512015 doted 30th
November, 2015 ond SEBI Circulor No. CIR/CFDIFAC/62/2016 doted 5tn July
2016, including the monner in which it is to be disclosed, or thot it contoins ony
moteriol misstotement.

4.

Emphosis of motter

Without modifying our report, ottention

o) Note No. 3

is

invited to:

to the stotement which stotes thot the compony hos odopted

lnd AS for the finonciol yeor commencing from lst April 2016 ond
occordingly, the stotement hos been prepored by the compony's
monogement in complionce with Ind AS.

ond 5 to the stotement, we were neither engoged to review,

nor hove reviewed the comporotive figures including the reconciliotion to
the Net Profit (Totol Comprehensive Income) for the quorter ond holf yeor
ended 30t' September 2015, these figures hove been furnished by the
monogement.

b) Note No. 4

For Arun K. Agorwol & Associoles

Chortered Accountonts
FRN: 0039.| 7N

Mem. No.082899
Dote: 1611112016
Ploce: New Delhi

AGENDA ITEM NO.

ENGINEERS INDIA LIMITED

GIN : L74899DL1 96sGO1004352

Regd. Office : Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi-l10066
Website: www.engineersindia.com

e-mail: eil.mktg@eil.co.in

Telephone: 011-26762121

Fax: 0'11-26178210

STATEMENT OF UN-AUDITED STANDALONE FINANCIAL RESULTS

20 6
FOR THE QUARTER ENDED 30th SE
(f
tadiculars

In Lakhs)
HALF YEAR ENDED

QUARTER ENDEO

{o.
STANDALONE

(21

30Jun-16

30eD-15

30eD-16

30-SeD-15

(Unaudited)

(Unaudited)

(Unaudited)

(Unauditedl

(Unauditedl

(3)

(4)

(5)

l6t

t7l

33888 66

341 81.54

44943 53

68070 20

84092. 19

33888.66

34181.54

44943.53

68070.20

84082.19

5438.38
528 38

15524 20
528 75

'14122.56

30962 58

29620 90

5ZO.O4

1057 13

1372 78

5863 47
6355 81
2112.27
38974.'t 5
5969.38
6089.00
12058.38

7573.49
3105 90
9725 22

Income from operations

a) Net Sales/ Income From Operations
c) Other Operating Income

Total income from operations (net)

2.

30-Sep-16

Expenses
a) Cost of materials consumed

b) Purchases of stock-in-trade
:) Changes in inventories of finished goods, work-in-progress and stock-in-trade
C)

Employee benefits expense

3) DeDreciation and amortisation exDense

l) Other expenses

4't25

l) Sub-Contract payment

ll) Construction material

lll)Other expenses
3.
4
5.
6.

Total expenses
Profit from Operations before Other Income, finance costs & Exceptional items

(1

-2)

Other lncome

Profit from ordinary activities before finance cost & Exceptional ltems (3+4)
Profit from ordinary activities after finance cost but before Exceptional ltems (5-6)

8.
9.
10.

Exceptional items

12
13.

14.

Profit from Ordinary Activities before tax (7-8)

Tax Expense
Net Profit from Ordinary Activities after tax (9-10)
Extraordinary ltems (net of tax expense)
Net Profit for the period (1 1-12)
Other comprehensive Income (net of tax)

Total comprehensive income

Paid-up equity share capital ( Face Value of t 5/.)
17. Earning Per Share (EPS)
i) Basic & diluted EPS before Extraordinary items in {
ii) Basic & diluted EPS after Extraordinary items in {

15
16.

25045.37

27378.95

8843.29

6802.59
5458 90
12261.49

11

836.02

561 0.31

14453.60

141

Finance costs

7.

11.

31'17.48

3448 38
1269.88
6607.74

14/.50.44

12253.87

120s6.97

14450.44
5075.04
9375.40

12253.87
4223 44
8030.43

9375.40
(18e.35)

8030.43

86.05

2056.97
4335 95
7721.02

52424.32
15645.88
1 1069 2't

26715.09
10.78
26704.31

20429.07
7.14
2042',1.93

20421.93
7349 50

17405.83

13072.43

17405.83

13072.43

16,846.84

8031.68
16,846.84

16,846.84

2.79
2.79

2.38
2.38

2.29
2.29

5.17
5.17

91

8567.1 7
861 .90

11

26704.31
9298.48

7721.02
(464.05)
7256.97
16,846.84

1.25

12027 71

27071 71
5421.92
75515.O2

(1

88.1 0)

17217.73

(234.38)
12838.05
16,846.84
3.88

1R8

Page- 1 of 4

VG

ENGINEERS INDIA LIMITED

,A

ry
L74899DLl 965GO1004352
Regd. Office: Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi-1 10066
CIN :

Website: www.engineersindia.com

e-mail: eil.mktg@eil.co.in

Telephone: 011- 26762'121

Fax: 011- 26'|78210

SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

FOR THE QUARTER ENDED 3oth SEPTEMBER, 2016

({ In Lakhs}
HALF YEAR ENDED

QUARTER ENOED

'articulare

STANDALONE

Segment Revenue
Consultancy & Engineering Projects
Turnkey Projects
Total
Segment Profit from operations
Consultancy & Engineering Projects
Turnkey Projects
Total (a)
lnterest
Other un- allocable expenditure

Total (b)
Other Income (c)
Profit Before Tax (a-b+c)
Caoital Emoloved *

30-Sep-'16

30Jun-16

30-Sep-15

30-Sep-16

30-Sep-15

(Unaudited)

(Unaudited)

(Unaudited)

(Unauditedl

(Unaudited)

27492.05

6396.5;
33888.6(

8625.7(
2847.24

11473.Oi

26861.1 3
7320.41
34't 81.54

25604.51

54353.22

48087.04

19339.0i

13716.9t
68070.2(

35995.1 5

6276.64
2710.15
8986.79

7784.72

14902.4i
5557 3t

12329.1t

779.O8

8563.8(

204s9.81

44943.51

3.1

I -O2

1.41

2629.73

2't84.2C
2191.82

2594 42

1U./t
4813.9:

2595.8:
ttuu9.uI
12056.9i
269214.7i

4824.71
1069.21
26704.31
283861.74

2632.8S

5610.31
14450.44
283861.74

5458.9C

12253.87

282629.6t

84082.1t

'1
608.1 t
13937.32
7.11
5370.1 t
5377.21

1861.9(
20421.9'l
1

269214.7i

tFixed assets used in the company's business or liabilities contracted have not been identified to any of the reportable segments, as the fixed
assets and support services are used interchangeably between segments. Accordingly, no disclosure relating to total segment assets and
liabilities has been made
In Turnkey Projects of the company, margins do not accrue uniformly during the year. Hence, the financial performance of the segments can be
discerned only on the basis of the figures for the full year.

Page- 2 of 4

ve
Y

LIMITED

CIN: L74899DLi 965GO1004352

Regd. Office : Engineers India Bhavan, l, Bhikaiji Cama Place, New Delhi'l10066
Website: www.engineersindia.com

e-mail: eil.mktg@eil.co.in

Telephone: 011- 26762121 ; Fax: 011- 26178210

STATEMENT OF ASSETS AND LIABILITIES

Non-current Assets
(a) Property, plant and equipment
(b) Capital work-in-progress
(c) Investment property
(d) Intangibles assets
(e) Financial assets:

- lnvestments
- Loans
- Other financial assets
(f) Deferred tax assets (net)
Non-current tax assets (net)
Other non-current assets

- Trade receivables

Cash and cash equivalents

- Other bank balances
- Loans
- Other financial assets
(c) Other current assets

(a) Financial liabilities:

- Trade payables
- Other financial liabilities
(b) Other current liabilities
(c) Provisions
(d) Current tax liabilities (net)

Page- 3 of 4

vG

NOTES:

The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held
on 16th November, 20'16.
The Auditors of the Company have carried out "Limited Review" of the above financial results for the quarter and half year
ended 30th September, 2016.

2
3

The Company has adopted Indian Accounting Standards ('lnd AS') from April 1,20'16 and accordingly, these financial results
have been prepared in accordance with Ind AS notified by MCA under section 133 of the Companies Act 2013, read with
relevant rules issued thereunder. The date of transition to Ind AS is April 1, 2015

The financial results for the quarter and half year ended September 30, 2015 are also Ind AS compliant. The management has
exefcised necessary due diligence to ensure that the financial results give a true and fair view. The financial results for the
quarter and half year ended September 30,2015 have not been audited/ reviewed by the Auditors of the Company.
Reconciliation of net profit after tax as previously reported under Indian GAAP and Ind AS for the quarter and half year ended
September 30. 2015:

Quarter ended
September 30,
2015
Unaudited

Half year ended

September 30,
2015

Unaudited

(( In Lakhsl

Net Profit for the oeriod under Previous Indian GAAP

lmpact of financial assets at fair value throuqh profit and loss
lmpact on account of provision for expected credit loss
Reclassification of net actuarial oain/loss tb other comDrehensive income

(<

In Lakhs)

12.630.3s
1.093.18
1.400.43
422.56

6.950.35
15.03

523.22
727.45
(84.34

Cthers

(35.29)

Other Comprehensive Income

7.721.02
i464.05

(252.44)
13.072.43
(234.38

Total Comprehensive Income under lnd AS

7,256.97

12.838.05

Tax adiustments

Net Profit for the period under Ind AS

(410.691

During the quarter, the Company has paid final dividend of Rs. 2/- per share (face value of Rs. 5/- each) for the financial year
2015-16.

During the quarter "Offer for sale" of 1684683 equity shares of the company of face value of { 5f each representing
0.50% of paid up equity share capital of the company were made to employees of the company by the President of
India, acting through Ministry of Petroleum & Natural Gas, Government of India (Promoter).
The process was completed in the month of October, 2016 and 1675326 shares were alloted to the eligible
employees of the company and as a consequent thereof Government of India (Promoter) holding was reduced from
59.37% to 58.87%.
\

The Board of Directors have recommended issue of bonus shares in the ratio of 1:1 i.e. one equity share of Rs. 5/each for existing one equity share of Rs. 5/- each, which is subject to approval by the members of the Company.
Figures for the previous period have been regrouped / re-classified to conform to the figures of the current period

By Order of the Board

For Engineers India Limited

KrybrfA

Place: New Delhi

Dated
16th November, 2016

/1

(Ram Singh)
Director (Finance)
DIN: 02942267

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