EIL Sept-qtr net up 22 pc at Rs 146.64 cr

NEW DELHI: Engineers India today reported a 22 per cent rise in net profit to Rs 146.64 crore for the quarter ended September 30.

The company, which provides design and engineering consultancy to oil and gas business, had posted a net profit of Rs 119.94 crore in the July-September quarter of previous year, EIL said in a statement here.

Turnover soared 39 per cent to Rs 827.42 crore. EIL Chairman and Managing Director A K Purwaha attributed the performance to improved efficiency and effective cost management and hoped to continue the same in the coming quarters.