Profit before tax stood at Rs 117.07 crore in March 2024 quarter, registering a de-growth of 42.69% on YoY basis.

On segmental front, revenue from consultancy & engineering projects was Rs 403.32 crore (up 4.64% YoY) and revenue from turnkey projects was Rs 401.82 crore (down 18.77% YoY) during the period under review.

On full year basis, the company's consolidated net profit jumped 28.59% to Rs 445.26 crore in FY24 as compared with Rs 346.27 crore in FY23. Net sales declined 1.48% YoY to Rs 3,280.86 crore in the financial year ended March 2024.

Meanwhile, the board has recommended final dividend of Rs 1 per equity share for financial year 2023-24, 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 2024, the Government of India held a 51.32% stake in the company.