Era Infra Engineering (formerly Era Constructions India), an integrated infrastructure development company, reported 38.90% increase in net profit to Rs 276.43 million for the quarter ended Dec. 31, 2007 as against Rs 199.01 million in the corresponding quarter, last year.
Total income for this period rose 63.41% to Rs 3,403.91 million as compared with Rs 2,083.10 million.
Net sales for the latest quarter rose 63.33% to Rs 3,351.10 million as against Rs 2,051.74 million in the same quarter, a year ago.
The Diluted EPS, after extraordinary items, stood at Rs 9.12 for the quarter ended December 2007.
| Quarterly results (Rs in mn) | |||
| As at | December 2007(3) | December 2006(3) | %Change |
| Net Sales | 3,351.10 | 2,051.74 | 63.33 |
| Net Profit | 276.43 | 199.01 | 38.90 |
| EPS | 9.12 | - | - |
Commenting on the company`s performance, HS Bharana, chairman & managing director, Era Infra Engineering said, ``We are very excited with the excellent growth and this is truly an indicator of our hard work and confidence of our investors. The diversified nature of our business model along with the effective utilization of our divisions i.e. constructions and contracts division, EPC, Equipment management division and RMC has been a major contributor of our robust economic growth. We would continue to invest in growing our partnerships and new projects to areas where our investors will benefit the most. We are looking at a consistent, healthy growth throughout this financial year.``
Era Infra Engineering (EIEL) was incorporated in the year 1990. EIEL is a fully integrated infrastructure company participating in India`s core infrastructure and construction sectors. The company develops and constructs highways, railways, airports, power and industrial projects, institutions and universities and residential and commercial complexes.
Shares of the company declined Rs 11, or 1.29%, to trade at Rs 842.5. The total volume of shares traded was 47,788 at the BSE. (11.49 a.m., Monday)
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