Era Infra Q3FY10 net profit at Rs 57.24 cr; up by 85.39%

Revenues at Rs 891.18 cr; up by 45.13%

Editor’s Synopsis

Financial Highlights (all comparisons to Q3FY09)

• Revenues at Rs 896.18 crore up by 51.33% as compared to Rs 592.18 crore 
• EBIDTA at Rs 161.75 crore up by 75% as compared to Rs 92.34 crore
• Net Profit at Rs 57.24 crore up by 85.39% as compared to Rs 30.87 crore
• EPS for the period stood at Rs 3.73 v/s Rs 2.16

Financial Highlights (all comparison to 9MFY09)

• Revenues at Rs 2434.55 crore up by 70.97% as compared to Rs 1423.93 crore
• EBIDTA at Rs 475.94 crore up by 70.92 % as compared to Rs 278.44 crore
• Net Profit at Rs 217.21 crore up by 128.78% as compared to Rs 94.94 crore
• EPS for the period stood at Rs 11.01 v/s Rs 6.64

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 Q3FY10 financial results for the quarter ended Dec 31, 2009.

For the quarter ended Dec 31, 2009, the company recorded revenues of Rs 896.18 crore, an increase of 51.33% from Rs 592.18 crore in the corresponding quarter last fiscal. EBIDTA stood at Rs 161.75 crore, an increase of 75% as compared to Rs 92.34 crore in Q3FY09. Net profit stood at Rs 57.24 crore, up by 85.39% from Rs 30.87 crore.

For the nine months ended Dec 31, 2009, Era Infra Engineering’s revenue was at Rs. 2434.55 crore, up 70.97% from Rs. 1423.93 crore during the corresponding period last year. The EBIDTA for the period stood at Rs 475.94 crore, registering an increase of 70.92% from Rs 278.44 crore. The company reported a Net Profit of Rs. 217.21 crore, up 128.78% as against Rs. 94.94 crore in the same period of last year.

Highlights of the quarter
During the quarter the Construction & Contracts division of Era Infra Engineering Limited received the following contracts:

• Rs. 97.92 cr from Steel Authority of India for setting up Basic Oxygen Furnace (BOF) & continuous casting shop (CCS) at Bhilai Steel Plant, Bhilai, Chhattisgarh.
• Rs 48.87 cr from Prasar Bharti (Broadcasting Corp. of India) for the Construction of Soochna Bhawan Phase V, CGO Complex, Lodhi Road, New Delhi.

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. For the year ended March 31, 2009, Era Infra recorded net profit of Rs 202.61 crore and EBIDTA of Rs 475.83 crore. More details about the company are available on www.eragroup.co.in.