 "EIL")
Engineers India hit fresh 52-week high of Rs 190, up 5%, extending its 19% surge of the last three days on the BSE, after the company reported a good set of numbers with net profit and revenues growing more than 25% in July-September 2017 quarter (Q2FY18).
The net profit of the company increased by 27% at Rs 119 crore in Q2FY18 against Rs 94 crore in the corresponding quarter of the previous fiscal year. Revenue from operations grew 26% to Rs 429 crore from Rs 339 crore in the same quarter year ago.
The revenue growth was driven by 50% jump in the turnkey project business even as consultancy business was consistent with 21% growth during the quarter
The net profit of the company increased by 27% at Rs 119 crore in Q2FY18 against Rs 94 crore in the corresponding quarter of the previous fiscal year. Revenue from operations grew 26% to Rs 429 crore from Rs 339 crore in the same quarter year ago.
The revenue growth was driven by 50% jump in the turnkey project business even as consultancy business was consistent with 21% growth during the quarter
