IL&FS Engineering hits the roof on turnaround results

IL&FS Engineering & Construction Company hit an upper circuit limit of 20% at Rs 71.45 at 11:00 IST on BSE after the company reported net profit of Rs 76.46 crore in Q3 December 2014 as against net loss of Rs 58.27 crore in Q3 December 2013.

The result was announced after market hours yesterday, 11 February 2015.

Meanwhile, the BSE Sensex was down 2.26 points, or 0.01%, to 28,531.71.

On BSE, so far 1.13 lakh shares were traded in the counter, compared with an average volume of 26,248 shares in the past one quarter.

The stock hit a low of Rs 67 so far during the day. The stock hit a 52-week high of Rs 76.10 on 21 May 2014. The stock hit a 52-week low of Rs 33.50 on 21 February 2014.

The stock had underperformed the market over the past one month till 11 February 2015, falling 0.83% compared with 3.92% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.40% as against Sensex's 2.24% rise.

The small-cap company has an equity capital of Rs 89.86 crore. Face value per share is Rs 10.

IL&FS Engineering & Construction Company's net sales rose 44.91% to Rs 675.79 crore in Q3 December 2014 over Q3 December 2013.

IL&FS Engineering and Construction Company is a multi-national infrastructure development, construction and project management companies. The company executes projects under various domains such as buildings & structures, roads, railways, irrigation, power, ports, and oil & gas.

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