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Engineers India Ltd (EIL) shares rallied nearly 16% intraday on February 12, recovering sharply from recent lows. The stock surged to an intraday high of ₹170.66, significantly rebounding from the day’s low of ₹148.63, marking a strong recovery.
As of 3:23 pm the shares were trading 5.81% higher at ₹170.35 on NSE.
The rally follows the company’s impressive Q3 FY25 earnings, where the Navratna PSU under the Ministry of Petroleum and Natural Gas reported a 78% YoY jump in net profit, driven by higher operational efficiency.
Q3 FY25 Financial Highlights:
- Net Profit: ₹93.8 crore (up 78% YoY) from ₹52.7 crore in Q3 FY24.
- Revenue: ₹764.6 crore (down 12% YoY) from ₹867.6 crore.
- EBITDA: ₹98 crore (up 95.8% YoY) from ₹50 crore.
- EBITDA Margin: Expanded to 12.8% from 5.8% last year, indicating strong cost efficiencies.
Dividend Announcement:
The Board of Directors approved an interim dividend of ₹2 per share for FY25.
- Record Date: February 14, 2025
- Payout Date: From March 3, 2025
Market Performance & Outlook:
Engineers India provides engineering consultancy and EPC services, primarily catering to the oil & gas and petrochemical sectors. The sharp rise in its stock price today indicates renewed investor confidence, following improved margins and earnings performance.
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