Engineers India Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

Profit before tax stood at Rs 117.07 crore in March 2024 quarter, registering a de-growth of 42.69% on YoY basis.

On segmental front, revenue from consultancy & engineering projects was Rs 403.32 crore (up 4.64% YoY) and revenue from turnkey projects was Rs 401.82 crore (down 18.77% YoY) during the period under review.

On full year basis, the company's consolidated net profit jumped 28.59% to Rs 445.26 crore in FY24 as compared with Rs 346.27 crore in FY23. Net sales declined 1.48% YoY to Rs 3,280.86 crore in the financial year ended March 2024.

Meanwhile, the board has recommended final dividend of Rs 1 per equity share for financial year 2023-24, subject to approval of shareholders.

Engineers India (EIL) is an engineering consultancy and technology licensing company in the fields of hydrocarbons, petrochemicals, fertilizers, metallurgy, ports & terminals, and other sectors of industry, having a DSIR-recognized R&D center. As of 31 March 2024, the Government of India held a 51.32% stake in the company.

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Engineers India announced that the Board of Directors of the Company at its meeting held on 28 May 2024, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Net profit of Engineers India declined 39.26% to Rs 115.52 crore in the quarter ended March 2024 as against Rs 190.18 crore during the previous quarter ended March 2023. Sales declined 8.52% to Rs 805.14 crore in the quarter ended March 2024 as against Rs 880.10 crore during the previous quarter ended March 2023.

For the full year,net profit rose 28.59% to Rs 445.26 crore in the year ended March 2024 as against Rs 346.27 crore during the previous year ended March 2023. Sales declined 1.48% to Rs 3280.86 crore in the year ended March 2024 as against Rs 3330.14 crore during the previous year ended March 2023.

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Engineers India will hold a meeting of the Board of Directors of the Company on 28 May 2024

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