Engineers India Q3FY18 bottomline jumped by 27.5 per cent YoY
Engineers India consolidated revenue for the quarter came in at Rs 473.42 crore, registering 45.7 per cent YoY increase. Its turnkey projects segment and consultancy & engineering products segment has witnessed significant jump in revenue by 63.5 per cent and 42 per cent, respectively.
The company's EBITDA for the quarter rose by 66.5 per cent YoY to Rs 135.6 crore, with a corresponding margin expansion of 359 bps. The EBITDA margin for the quarter stood at 28.6 per cent.
The company's PAT for the quarter stood at Rs 108.4 crore, an increase of 27.5 per cent YoY.
Engineers India Limited (EIL) is an engineering consultancy and engineering, procurement and construction (EPC) company in the hydrocarbons and petrochemicals industry. It focuses on various sectors, including fertilisers and liquefied natural gas (LNG), non-ferrous metallurgy, infrastructure, strategic crude oil storage, nuclear and solar energy, and exploration and production. It offers various technologies for petroleum refining, oil and gas processing, and aromatics.
On Tuesday, the stock of Engineers India opened at Rs 175.60, and touched an intra-day high and low of Rs 177.60 and Rs. 171.75, respectively, on the BSE.