Engineers India net down 35 percent in 2014-15

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SME Times News Bureau | 28 May, 2015
State-run Engineers India Ltd reported a consolidated net profit of Rs.313 crore for fiscal 2014-15, a decline of 35 percent year-on-year (YoY) from Rs.483 crore posted in previous fiscal (2013-14).

In a regulatory filing to the Bombay Stock Exchange on Wednesday, the city-based Navratna listed firm said its consolidated income, however, declined marginally three percent YoY to Rs.2,014 crore for fiscal under review (FY 2015) from Rs.2,079 crore in FY 2014.

On a standalone basis too, net profit declined 36 percent YoY to Rs.308 crore from Rs.480 crore year ago and income decreased 3.5 percent YoY to Rs.1,986 crore from Rs.2,056 crore year ago.

For fourth quarter (January-March) of fiscal, net profit was up 5.1 percent YoY to Rs.109 crore from Rs.104 crore in like period of FY 2-014, while income growth remained flat or 1.1 percent up to Rs.569 crore from Rs.563 crore in like period year ago.