'Consolidated net sales (including other operating income) of Engineers India for the quarter ended Jun 2024 has declined 23.76% to Rs 623.83 crore.
Operating profit margin has declined from 8.68% to 8.18%, leading to 28.17% decline in operating profit to Rs 51.02 crore. Employee cost increased from 28.81% to 38.79%. Other expenses fell from 62.51% to 53.03%. Selling and administration expenses fell from 14.75% to 8.79%. Expenses from contract fell from 40.86% to 33.16%. Construction development cost fell from 14.75% to 8.79%.
Other income fell 58.53% to Rs 38.87 crore on an inflated base. Other Income for the quarter ended 30th June, 2023 includes interest income to the tune of Rs 55.610 crore pursuant to settlement with Client in Consultancy and Engineering Project segment. PBIDT fell 45.44% to Rs 89.89 crore. Provision for interest fell 32.17% to Rs 0.78 cr...
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