Dividend Stock: Navratna Company Engineers India Limited (EIL) has announced dividend under the Ministry of Petroleum and Natural Gas. The Board of Directors of the company approved an interim dividend of Rs 2 per share for the financial year 2024-25. Under this, a record date for deciding the eligibility of shareholders has been fixed on 14 February 2025. Along with this, the company has also released the results of the third quarter of FY25.
Eil quarterly results
Engineers India Limited (EIL) recorded a strong growth of 78 per cent in the net profit in the December quarter of FY 25. The company’s profit increased to ₹ 93.8 crore in the same quarter of the previous year as compared to ₹ 52.7 crore. However, its revenue declined by 12 per cent on an annual basis and it was reduced to ₹ 764.6 crore. It was Rs 867.6 crore in the same quarter of last year.
Despite this, the operational profitability was strong. Ebitda increased by 95.8% on an annual basis and increased to ₹ 98 crore, which is almost doubled from ₹ 50 crore in a period of a year ago. The company’s Ebitda margin also increased to 12.8% in Q3Fy25 to 12.8% in Q3Fy24, indicating better cost efficiency and better project mix.
Eil business
Engineers India Limited mainly provides engineering consultancy and EPC services to oil and gas and petrochemical industries. The company’s shares saw a rise of 1.70 per cent on 10 February today. This stock has closed at the price of Rs 167.25 on BSE. With this speed, the company’s market cap has increased to Rs 9400.16 crore.
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