Navratna stock engaged in providing consultancy and engineering services and undertaking turnkey contracts, in focus upon receiving a new work order worth Rs. 1,200 Crores.
Price Action
With a market capitalization of Rs. 9,076 Crores, the shares of Engineers India Limited were trading at Rs. 161.50 per equity share, down 4.5 percent from its previous day’s close price of Rs. 169.10.
What Happened
Engineers India Limited has announced that it has received a new work order upon being appointed as a Project Management Consultant on depository mode for the development of an Academic Institute of National Importance with a project cost of approximately Rs. 1,200 Crores.
About the Company
Engineers India Limited is a central public-sector undertaking engaged in providing consultancy and engineering services and undertakes turnkey contracts, which include a complete range of project services right from project conceptualization, planning, design, engineering, procurement, construction, and commissioning.
As of Q2FY25 Engineers India Limited has a strong order book of Rs. 11,155 Crores of which 58 percent is for consultancy services and the rest 42 percent for Turnkey projects.
Financials
Its Revenue from operations declined by 12 percent from Rs. 833.61 Crores in Q2FY24 to Rs. 735.9 Crores in Q2FY25, accompanied by profits of Rs. 127.46 Crores to Rs. 99.63 Crores.
Written by: Bharath K.S
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