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29-May-2024

Engineers India

Net down 39% on inflated base


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Consolidated net sales (including other operating income) of Engineers India has declined 8.52% to Rs 805.14 crore.  Operating profit margin has declined from 10% to 9.6%, leading to 12% decline in operating profit to Rs 77.46 crore.  Other income rose 13.85% to Rs 51.14 crore.   Provision for interest rose 90% to Rs 0.81 crore.     Provision for depreciation rose 51.20% to Rs 10.72 crore.   Profit before tax down 7% to Rs 117.07 crore.   EO was nil compared to an income of Rs 78.78 crore (towards write off  in pursuant to settlement with a client in C&E project segment).  Thus PBT on inflated base was down 43% to Rs 117.07 crore.   Provision for tax was expense of Rs 28.80 crore, compared to Rs 47.4 crore.  Thus PAT was down 44% to Rs 88.28 crore. PPT was a write back of RS 1.33 crore against nil, thus the PAT after PPT was down 43% to Rs 89.61 crore. Share of profit/loss was 22....



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