EIL Sept qtr net up 22% at Rs 147 cr

Engineers India (EIL) today reported a 22% rise in net profit to Rs 146.64 crore for the quarter ended September 30.

The company, which provides design and engineering consultancy to oil and gas business, had posted a net profit of Rs 119.94 crore in the July-September quarter of previous year, EIL said in a statement here.

Turnover soared 39% to Rs 827.42 crore.

EIL Chairman and Managing Director AK Purwaha attributed the performance to improved efficiency and effective cost management and hoped to continue the same in the coming quarters.