Era Infra FY11 Net Profit at Rs. 247.70cr up by 7.02%

Revenues from contracts at Rs. 3600.73cr (out of 3828.75cr); up by 23.65%

Editors Synopsis:

Financial Highlights (all comparison to Q4 FY10)

• Revenues from contracts at Rs. 1133.98cr (out of Rs. 1189.79cr) up by 27.43% as compared to Rs. 889.86cr (out of Rs. 980.92cr) 
• EBIDTA at Rs. 199.89cr down by 0.84% as compared to Rs. 201.57cr
• Net Profit at Rs. 68.65cr up by 10.39% as compared to Rs. 62.19cr

Financial Highlights  (all comparison to FY10)

• Revenues from contract at Rs. 3600.73cr (out of Rs. 3828.75cr) up by 23.65% as compared to Rs. 2912.12cr (out of Rs. 3415.47cr) 
• EBIDTA at Rs. 760.83cr up by 12.25% as compared to Rs. 677.82cr
• Net Profit at Rs. 247.70cr up by 7.02% as compared to Rs. 231.46cr

Era Infra Engineering Ltd (BSE script code: 530323 and Script ID: ERAINFRA), an integrated infrastructure development company with a pan India presence, has announced its Q4FY11 financial results for the quarter ended March 31, 2011.

For the quarter ended 31th March 2011, the company recorded revenues from contracts of Rs. 1133.98cr (out of Rs. 1189.79cr) an increase of 27.43% from Rs. 889.86cr (out of Rs. 980.92cr) in the corresponding quarter last fiscal. EBIDTA stood at Rs. 199.89cr, decrease of 0.84% as compared to Rs. 201.57cr in Q4FY10. Net profit stood at Rs. 68.65cr, up by 10.39% from Rs. 62.19cr.

For the year ended 31st March 2011, Era Infra Engineering’s revenue from contracts was at Rs. 3600.73cr (out of 3828.75 cr) up by 23.65% from Rs. 2912.12cr (out of Rs.3415.47cr) during the corresponding period last year. The EBIDTA for the years stood at Rs. 760.83cr, registering an increase of 12.25% from Rs. 677.82cr. The company reported a Net Profit of Rs. 247.70cr, up 7.02% as against Rs. 231.46cr in the same period of last year.

About Era Infra Engineering Limited
Era Infra Engineering Limited (EIEL), a flagship company of Era Group. EIEL is a fully integrated infrastructure company participating in India's core infrastructure and construction sectors. The company develops and constructs highways, railways, airports, power and industrial projects, institutions & universities and residential & commercial complexes. More details about the company are available on www.eragroup.co.in.