Engineers India reports 29.25% rise in Q1 net profit

Engineers India has reported results for its first quarter ended June 30, 2011.

The company’s net profit for the quarter has increased by 29.25% at Rs 148.07 crore as compared to Rs 114.56 crore for the same quarter last year. Its total income increased by 41% to Rs 895.37 crore for the quarter under review from Rs 635.01 crore for the corresponding quarter of the previous year.

Engineers India is engaged in the business of providing engineering and related technical services for petroleum refineries and other industrial projects. The company has broadened its activities in other areas such as pipelines, petrochemicals, oil and gas processing, offshore structures and platforms, fertilizers, metallurgy and power.