Engineers India Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 24, 2014 at 08:08 am
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Engineers India Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net profit of INR 1,350.015 million or INR 4.01 per basic and diluted share before and after extraordinary items compared to net profit of INR 1,323.304 million or INR 3.93 per basic and diluted share before and after extraordinary items a year ago. Total income from operations was INR 4,203.951 million compared to INR 6,047.691 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 961.673 million compared to INR 1,286.909 million a year ago. Profit from ordinary activities before tax was INR 2,045.31 million compared to INR 1,956.194 million a year ago. Net sales /income from operations were INR 4,203.951 million compared to INR 6,047.691 million a year ago.
For the nine months, the company reported net profit of INR 3,762.111 million or INR 11.17 per basic and diluted share before and after extraordinary items compared to net profit of INR 4,478.70 million or INR 13.29 per basic and diluted share before and after extraordinary items a year ago. Total income from operations was INR 13,287.632 million compared to INR 19,924.942 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 2,964.915 million compared to INR 4,424.106 million a year ago. Profit from ordinary activities before tax was INR 5,557.025 million compared to INR 6,534.563 million a year ago. Net sales /income from operations were INR 13,287.632 million compared to INR 18,924.942 million a year ago.
Engineers India Limited is an India-based global engineering consultancy and engineering, procurement and construction (EPC) company offering total energy solutions. The Company operates through two segments: consultancy and engineering projects, and turnkey projects. It is focused on various sectors, such as fertilizer and liquefied natural gas (LNG), ports and harbors, ferrous and non-ferrous metallurgy, coal gasification, infrastructure, niche chemicals, strategic crude oil storage, biofuels/green ammonia/green hydrogen, and water and wastewater management. Its services include technologies; preliminary-front end engineering and design (Pre-FEED); front end engineering and design (FEED); project management consultant (PMC); engineering, procurement, construction management (EPCM); EPC; supply chain management; construction; heat and mass transfer; plant operation and safety; specialist materials and maintenance, and environment engineering.