Engineers India dips on weak Q1 earnings
Q1 net profit declined by 16% yoy at Rs 129 crore due to 38% fall in operational income at Rs 443 crore over the previous year quarter.
Engineers India has dipped 6% to Rs 127 after reporting 16% year-on-year (yoy) decline in net profit at Rs 129 crore for the quarter ended June 30, 2013 (Q1), due to fall in operational income. The state-owned consulting services firm had profit of Rs 154 crore in a year ago quarter.
The company’s total income from operations fell by 38% to Rs 443 crore on yoy basis, Engineers India said in a statement.
The stock opened at Rs 131 and hit a 52-week low of Rs 126 on BSE. A combined around 5,000 shares changed hands on the counter in early morning deals on BSE and NSE.
The company’s total income from operations fell by 38% to Rs 443 crore on yoy basis, Engineers India said in a statement.
The stock opened at Rs 131 and hit a 52-week low of Rs 126 on BSE. A combined around 5,000 shares changed hands on the counter in early morning deals on BSE and NSE.