Engineers India Shares Rise On Jump In Q3 Profit
Engineers India's revenue declined of 11.9% at Rs 765 crore, compared to Rs 868 crore in the same quarter last year.
Engineers India Ltd. saw its share price rise over 2% in early trade on Monday, after the company reported a surge in its net profit for the third quarter of the financial year 2025.
The company posted a standalone net profit of Rs 109 crore for the quarter ended Dec. 31, 2024, marking a 71.7% increase from Rs 63.3 crore in the same quarter last year.
The revenue saw a decline of 11.9% at Rs 765 crore, compared to Rs 868 crore in the same quarter last year.
Ebitda increased 95.6% on the year to Rs 97.9 crore from Rs 50 crore. The company's margin increased 12.8% from 5.8%.
Engineers India Share Price Today
Shares of the company gained much as 2.38% to Rs 168.30 apiece. They pared losses to trade 0.35% lower at Rs 163.90 apiece, as of 1:44 p.m. This compares to a 0.91% decline in the NSE Nifty 50.
The stock has fallen 27.12% in the last 12 months. Total traded volume so far in the day stood at 2.08 times its 30-day average. The relative strength index was at 52.49.
Seven analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 47.1%.
