Navratna PSU Declares 42.71% Fall In Q4 Profit, Re 1 Dividend; Shares Rise 151% In 1-Yr

Navratna PSU Engineers India Ltd share today declined 2.58% to settle at Rs 262.75 per share on BSE. The company today declared its standalone net profit for the quarter ended March 31, 2024 at Rs 90.93 crore, down 42.71% as against the profit of Rs 158.72 crore declared in the corresponding quarter of last year. Board of Directors of EIL also recommended a final dividend of Re 1/- per share on the face value of Rs 5/- each for the FY 2023-24. Engineers India share offered return of 151% in last 1-year and 83% in last 6-months. In last 1-week, Engineers India shares fell 3.67%. More details below:

Engineers India Recommends Dividend: As per the BSE filing of the company dated May 28, "recommended final dividend of 1/- (Rupee One Only) per share (on the face value of 5/- each) on the equity shares of the Company for the financial year 2023-24. The final dividend is subject to approval of shareholders in the ensuing Annual General Meeting."

EIL Q4 Results: The company's revenue from operations for the March 2024 quarter announced at Rs 790.27 crore as compared to Rs 866.14 crore declared in the similar quarter of last year. Total standalone income of EIL for the quarter ended March 31, 2024 announced at Rs 846.39 crore from Rs 915.48 crore in March 2023. The company's March 2024 quarter profit before tax declared at Rs 116.44 crore from Rs 204.92 crore declared in March 2023. EPS of EIL for March 2024 quarter came at Rs 1.62 from Rs 2.83 declared in March 2023.

Engineers India Share Performance & Return: The 52-week high price of Engineers India shares on BSE is Rs 290.00 per share (as on 24/05/2024) and 52-week low price is Rs 105.05 per share (as on 29/05/2023). Engineers India has a market capitalisation of Rs 14,767.66 crore. Engineers India shares zoomed 45% year-to-date, soared 339% in last 2-years, and zoomed 211% in last 3-years.

Engineers India Dividend History: Engineers India declared 42 dividends since August 30, 2001.In the past 12 months, Engineers India announced an equity dividend amounting to Rs 3.00 per share. At the current share price of Rs 262.75, Engineers India offers a dividend yield of 1.13%.

Engineers India Stock Split History: Engineers India split face value once since May 6, 2010. Engineers India last split face value of its shares from Rs 10 to Rs 5 in 2010.The share traded ex-split on May 6, 2010, according to Trendlyne.
Engineers India Bonus History: Engineers India offered 2 bonus issues since May 6, 2010. Last Bonus that Engineers India Ltd declared was in the ratio 1:1 with ex-date fixed as December 30, 2016.

LIC Trimmed Stake In EIL: It is worth noting here that Life Insurance Corporation of India (LIC) trimmed stake in Engineers India by approximately 2% through open market in November 2023. LIC divulged in its BSE filing dated November 23, 2023 that it has sold 1.14 crore shares of the PSU during the period from February 2, 2021 to November 22, 2023 at an average price of Rs 118.08 apiece. Consequently, LIC's entire stake in Engineers India fell to 3.122% from the earlier 5.155%.

About Engineers India: Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. Engineers India Ltd (EIL), a Navratna PSU, is one of the leading design and engineering organizations in South Asia, according to its Linkedin profile.

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