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Sunil Hitech Engineers reports 78% drop in Q2 net profit

20 Nov 2013 Evaluate

Sunil Hitech Engineers has reported results for the second quarter ended September 30, 2013.

The company has reported a fall of 78.30% in its net profit at Rs 1.89 crore for the quarter as compared to Rs 8.71 crore for the same quarter in the previous year. Total income of the company has decreased by 5.44% at Rs 274.03 crore for quarter under review as compared to Rs 289.81 crore for the quarter ended September 30, 2012.

Sunil Hitech Engineers is engaged in the niche segment of Fabrication, Erection & Testing and Commissioning of Bunkers, ESPs, Boilers, TG sets in the Power Plants, both in Private & Public sector. SHEL is amongst very few companies which are tightly focused in the ever-growing Power Sector, for the last two decades.

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