Saturday, June 4, 2011

ENGINEERS INDIA LIMITED = RESULTS = Q4 ( 4TH QTR) FY2011 = FY 2011 = IMPRESSIVE GROWTH = CS-NPT UP BY 20.62% IN FY 11 YOY = Q4 NPT UP BY 32.54% YOY = FUTURE PROMISING


Engineers India Limited

NSE Symbol             ENGINERSIN

ENGINEERS INDIA  has declared its Consolidated results for the 4th qtr and for FY 2011.

Net Sales for FY 11 is Rs.2848.19 Cr – up by 41.42% from  FY 10 and up by 83.42% from FY 09.

Total Expenditure     for FY 11 is Rs.2207.97cr – up by 44.73% from FY 10 and up by 77.83% from FY 09.

Profit from Operations for FY 11 is Rs.640.22 cr – up by 31.08% from FY 10 and up by 105.68% from FY 09.

Profit before tax for FY 11 is Rs.798.40 cr – up by 19.15% from FY 10 and by 49.92% from FY 09.This is due to lower ‘Other Income’.

Consolidated Net Profit  is Rs.     531.29 Cr – up by 20.62% from FY 10 and by 51.30% from FY 09. This is a good improvement over the preceding 2 years.

Between FY 11 and FY 10 – the Face Value of the share has changed to Rs.5 from Rs.10. The paid up equity also changed from Rs.56.16 cr to Rs.168.47 cr i.e., increased by over 3 times.

Because of all these changes – the Basic EPS for FY 11 is Rs.15.77 – compared to Rs.13.07 in FY 10 and Rs.62.53 in FY 09.

The last market price is Rs.274. On a EPS of Rs.15.77, the PE Ratio works out to 17.34.

CONSOLIDATED RESULTS – TABLE :

FY11CS
Net Sales
284819.12
201,398.70
155,286.69
Employees Cost
52405.82
49,116.58
39,028.91
Depreciation
1451.3
1,310.00
1,099.53
Other Expenditure
166939.98
102,131.09
84,030.84
Total Expenditure
220797.1
152,557.67
124,159.28
Profit from Operations
64022.02
48,841.03
31,127.41
Other Income
15965.45
18,296.95
22,153.29
Profit before I & EI
79987.47
67,137.98
53,280.70
Interest
147.05
129.08
24.8
Profit after I BB EI
79840.42
67,008.90
53,255.90
Profit before tax
79840.42
67,008.90
53,255.90
Tax Expense
26711.51
22,961.51
18,141.26
Net Profit
53128.91
44,047.39
35,114.64
Consolidated Net Profit
53128.91
44,047.39
35,114.64
Face Value (in Rs.)
5
10
10
Paid-up Equity
16846.84
5,615.62
5,615.62
Reserves
132140.02
109,806.09
135,429.59
Basic EPS
15.77
13.07
62.53
Public Shareholding (%)
19.6
9.59
9.59


The Q4 results (non-consolidated) are compared below with preceding qtrs:

Net Sales at Rs.946.54 – up by 39.79% from Q3 Fy 11; up by 59.45% from Q2 FY11; up by 56.18% from Q1 FY 11; and up by 47.82% from Q4 FY 10.

Employees Cost has gone up to Rs.158.01 cr – by 27.97% from Q3; by 33.76% from Q2; by 33.25% from Q1  and by 10.79% from Q4 FY 10.

Other Expenditure  has gone up to Rs.598.08 by 50.95% from Q3; by 81.92% from Q2; by 74.83% from Q1 and by 80.33% from Q4 FY 10.

Total Expenditure has therefore gone up to Rs.760.12 cr – by 45.1% from Q3; by 68.85% from Q2 ; by      64% from Q1; and by 58.87% from Q4 FY 10.

Profit from Operations  has risen to Rs.186.41 Cr – by 21.64% from Q3; by 29.97% from Q2; by 30.78% from Q1; and by 15.15% from Q4 FY 10.

Profit before tax comes to Rs.       248.77 cr – up by 33.78% from Q3; by 39.53% from Q2; by 45.05% from Q1; and by 25.61% from Q4 FY 10.

Net Profit is Rs.165.57 cr – up by 35.21% from Q3; by 38.04% from Q2; by 44.53% from Q1 and by 32.54% from Q4 FY 10.

Basic EPS on Face value of Rs.5 is Rs.4.92 in Q4 Fy 11; Rs.       3.63 in Q3; Rs.3.56 in Q2; Rs.3.4 in Q1 and Rs.1.85 (Rs.3.71 on Rs.10 FV) in Q4 FY 10.

Thus Engineers India has been recording impressive progress every quarter. In the last 5 Qtrs.

Qtrly Results table (Non-consolidated):

E I L
31-Mar-11
31-Dec-10
30-Sep-10
30-Jun-10
31-Mar-10
Net Sales
94653.5
67709.91
59361.3
60603.73
64033.51
Employees Cost
15801.05
12347.73
11812.95
11858.4
14262.1
Depreciation
403.02
416.6
328.59
281.47
416.04
Other Expenditure
59808.1
39620.61
32876.88
34209.51
33166.41
Total Expenditure
76012.17
52384.94
45018.42
46349.38
47844.55
Profit from Operations
18641.33
15324.97
14342.88
14254.35
16188.96
Other Income
6382.29
3270.85
3486.37
2897.12
3728.75
Interest
146.32
0.11
0.2
0.07
112.03
Profit before tax
24877.3
18595.71
17829.05
17151.4
19805.68
Tax expense
8320.53
6350.46
5835.01
5695.52
7313.42
Net Profit
16556.77
12245.25
11994.04
11455.88
12492.26
Face Value (In Rs
5
5
5
5
10
Paid Up Equity
16846.84
16846.84
16846.84
-
5615.62
Public holding (%)
19.6
19.6
19.59
9.6
9.59

ANNOUNCEMENTS TO NSE
 BY THE COMPANY

26-05-2011          Engineers India have recommended a final dividend of Rs. 4/- per share (Face value Rs. 5/- per share) in addition to interim dividend of Rs. 1/- per share (Face value Rs. 5/- per share) paid during the year

26-05-2011          consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 284819.12 lacs for year ending on 31-MAR-2011 against Rs. 201398.7 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 53128.91 lacs for the year ending on 31-MAR-2011 against Rs. 44047.39 lacs for the year ending on 31-MAR-2010.

26-05-2011 standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 282328.44 lacs for year ending on 31-MAR-2011 against Rs. 199379.7 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 52251.94 lacs for the year ending on 31-MAR-2011 against Rs. 43557.51 lacs for the year ending on 31-MAR-2010.

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