Engineers India slips after weak Q4 results

Engineers India fell 2.18% to Rs 291.40 at 13:17 IST on BSE after net profit fell 42.69% to Rs 103.55 crore on 7.61% decline in total income to Rs 571.61 crore in Q4 March 2014 over Q4 March 2013.

The result was announced after market hours on Friday, 23 May 2014.

Meanwhile, the BSE Sensex was up 386.26 points, or 1.56%, to 25,079.61.

On BSE, so far 2.50 lakh shares were traded in the counter, compared with an average volume of 2.51 lakh shares in the past one quarter.

The stock hit a high of Rs 308.30 and a low of Rs 288.30 so far during the day. The stock hit a 52-week high of Rs 313 on 23 May 2014. The stock hit a 52-week low of Rs 121.15 on 20 August 2013.

The stock had outperformed the market over the past one month till 23 May 2014, rising 30.37% compared with 7.94% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 96.12% as against Sensex's 19.29% rise.

The large-cap company has an equity capital of Rs 168.47 crore. Face value per share is Rs 5.

Engineers India's net profit declined 23.67% to Rs 479.76 crore on 23.48% decline in total income to Rs 2159.59 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

On consolidated basis, Engineers India's net profit fell 23.64% to Rs 482.73 crore on 23.31% decline in total income to Rs 2182.39 crore in FY 2014 over FY 2013.

Engineers India (EIL) is one of the leading design and engineering organizations in South Asia. EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. The company has also diversified into sectors like infrastructure, water and waste management, solar & nuclear power and fertilizers.

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