Profit before tax jumped 39% to Rs 204.28 crore in Q4 FY23 as compared with Rs 146.95 crore in Q4 FY22.

On full year basis, the company's consolidated net profit surged 148.2% to Rs 346.27 crore in FY23 as compared with Rs 139.52 crore in FY22. Net sales jumped 14.3% year on year to Rs 3330.14 crore in FY23 over FY22.

Meanwhile, the board has recommended a final dividend of Rs 1 per equity share for financial year 2022-23, subject to approval of shareholders.

Engineers India (EIL) is an engineering consultancy and technology licensing company in the fields of hydrocarbons, petrochemicals, fertilizers, metallurgy, ports & terminals, and other sectors of industry, having a DSIR-recognized R&D center. As of 31 March 2023, the Government of India held a 51.32% stake in the company.