Engineers India climbs after Q3 PAT rises 20% YoY

Engineers India rose 0.58% to Rs 95.05 after consolidated net profit jumped 19.5% to Rs 111.82 crore in Q3 December 2019 (Q3 FY20) as against Rs 93.57 crore reported in Q3 December 2018 (Q3 FY19).

Net sales soared 53.7% year-on-year (YoY) to Rs 899.17 crore in Q3 FY20. Profit before tax rose 3.3% to Rs 150.39 crore YoY. Current tax expenses jumped 67.5% to Rs 47.96 crore during the period under review. The board declared an interim dividend of Rs 3.60 per share. The result was announced after trading hours yesterday, 5 February 2020.

Engineers India (EIL) is an engineering consultancy, and engineering, procurement and construction (EPC) company in the hydrocarbons and petrochemicals industry. The firm's segments are consultancy & engineering projects, and turnkey projects.

 

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