close

Engineers India secures business worth Rs 4,700 crore in FY23; up 185%

Its quarterly net profit stood at Rs 190.18 crore in the fourth quarter (January-March) of FY23, up 140 per cent from Rs 79.13 crore in Q4, FY22

Subhayan Chakraborty New Delhi
EIL offers equity to employees as part of disinvestment

Listen to This Article

Leading engineering, procurement and consulting (EPC) company Engineers India (EIL) secured business worth Rs 4,700 crore in 2022-23, recording a 185 per cent jump over Rs 1,650 crore worth of business it got in the previous year. 
Speaking at a press conference to discuss the company’s annual performance, EIL Chairman and Managing Director Vartika Shukla said the overall order book status of the company as of March 31, 2023 stood at Rs 9,079 crore.

Its quarterly net profit stood at Rs 190.18 crore in the fourth quarter (January-March) of FY23, up 140 per cent from Rs 79.13 crore in Q4, FY22. 
The annual net profit of Rs 342.2 crore was marginally lower than the Rs 344 crore in FY22. It was also weaker than the pre-pandemic high of Rs 430.2 crore in FY20.

Also Read

Samsung to hire 1,000 engineers for its research facilities in India

Engineers India hits over 3-year high; stock surges 45% in 7 weeks

In demand: Prompt engineers who train AI in human language and its context

Attrition in IT firms to go back to pre-pandemic levels by October: Experts

29 out of Nifty 500 stocks overbought; ABB, Apar Inds signal up to 20% gain

HC refuses to interfere with Trai decision imposing penalty on Vodafone

FMCG firm Emami Ltd bets on demands in rural markets to grow in FY24

Moody's upgrades rating outlook on Tata Motors to positive from stable

FMCG firm Adani Wilmar enters whole wheat category with Fortune brand

Finding discussions are on with banks, other sources: Vi CEO Moondra

Engineers India

  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 5Y
  • MAX

First Published: May 26 2023 | 9:08 PM IST

Explore News