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Engineers India reports 50% surge in Q1 net profit

24 Aug 2016 Evaluate

Engineers India has reported results for first quarter ended June 30, 2016.

The company has registered 50.07% growth in its net profit at Rs 80.30 crore for the quarter as compared to Rs 53.51 crore for the same quarter in the previous year. However, total income of the company decreased by 11.82% to Rs 396.04 crore for quarter under review from Rs 449.12 crore for the quarter ended June 30, 2015.

Engineers India is a total solutions consultancy company and EPC contractor in petroleum refining, petrochemicals, pipelines, oil and gas terminals and storages, fertilizers, mining & metallurgy and infrastructure projects. The company is also diversifying into water and waste management and has made inroads into nuclear, solar and thermal power sectors.

Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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