Mumbai-based Lloyds Engineering Works reported a strong set of earnings for the first quarter of FY27, with consolidated profit more than doubling on the back of robust revenue growth and sustained project execution. The company also entered the new financial year with a significantly larger order book, providing visibility for future growth.Profit attributable to owners of the company rose 111.96% year-on-year to ₹63.97 crore for the quarter ended June 30, 2026, from ₹30.18 crore in the corresponding period last year.Revenue from operations surged 142.9% to ₹527.15 crore, compared with ₹217.01 crore a year earlier, reflecting a sharp increase in business activity.Operating performance improved alongside revenue. Earnings before interest, tax, depreciation and amortisation climbed to ₹66 crore from ₹26.5 crore, while EBITDA margin improved marginally to 12.5% from 12.2% in the year-ago quarter.In simple terms, Lloyds Engineering not only executed significantly more business during the quarter but also maintained its profitability despite the sharp increase in scale.Revenue growth drives earningsThe June-quarter performance was driven primarily by higher execution rather than margin expansion.While revenue more than doubled, EBITDA margin improved only modestly, indicating that the bulk of the profit growth came from handling a much larger volume of projects rather than significantly higher margins.Total expenses rose 140.3% to ₹471.24 crore, broadly in line with revenue growth, reflecting the higher cost of executing a larger order pipeline.Also read: HCC Q1 net profit rises marginally despite 9% revenue fall and margin pressureSequential momentum remains intactThe company also reported growth over the previous quarter.Profit attributable to owners increased 36.6% sequentially from ₹46.83 crore in the March quarter, while revenue rose 6.5% from ₹495.02 crore.Total expenses increased 6% quarter-on-quarter to ₹471.24 crore, indicating that growth in business activity continued into the new financial year.Bigger order book provides visibilityOne of the key highlights of the quarter was the continued expansion of Lloyds Engineering's order book.The company said its consolidated order book stood at ₹2,817.42 crore as of July 1, 2026, compared with ₹1,554.94 crore a year earlier.Why this matters: For engineering and EPC companies, the order book represents work that has already been won but is yet to be executed. A larger order book provides better revenue visibility and can support growth over the coming quarters, although execution remains the key determinant of financial performance.The company also said its associate, Lloyds Infrastructure & Construction, had an order book of ₹4,830.23 crore, taking the combined project pipeline to well over ₹7,600 crore.Also read: Here's why markets closed in the green despite a weak broader marketExpansion through acquisitionThe results come shortly after Lloyds Engineering announced the acquisition of an 88.12% stake in Steel Infra Solutions Company Ltd in a transaction valued at around ₹1,073 crore.Under the deal, Lloyds Engineering will acquire a 52.16% stake through a combination of cash and share swap, while the remaining stake will be acquired by Lloyds Enterprises Ltd and Streamland Estate LLP through cash consideration.The acquisition expands the company's manufacturing capabilities and strengthens its presence in heavy engineering and infrastructure fabrication.Manufacturing footprint expandsLloyds Engineering currently operates manufacturing facilities spread across more than 300,000 square metres, with plants located in Murbad, Ahmedabad, Nagpur and Bhilai.The acquisition of SISCOL adds manufacturing facilities covering nearly 99,600 square metres across Bhilai, Vadodara and Hyderabad, enhancing the company's production capacity and geographic footprint.With a rapidly expanding order book, a larger manufacturing base and continued project execution, Lloyds Engineering has started FY27 on a strong note. Going forward, investors are likely to watch whether the company can sustain execution momentum while successfully integrating its latest acquisition and converting its sizeable order pipeline into revenue.Lloyds Engineering Works shares closed at ₹89.40, down 4.16%, on the NSE on Wednesday.