New Delhi: Era Infra Engineering Ltd, an integrated infrastructure development company with a pan India presence, announced its financial results for the quarter ended September 30, 2007 for the financial year 2007-08.
The company recorded revenues of Rs 265.33 crore, an increase of 61.07% from Rs 164.72 crore in the corresponding quarter last fiscal. EBITDA was at Rs 57.60 crore, an increase of 79% as compared to Rs 32.15 crore in Q2 FY07.
Net profit stood at Rs 24.72 crore, up by 51% from Rs 16.37crore. The non annualized EPS at the end of the quarter was at Rs 9.40.
Operating margins increased to 22.5% from 19.9% in the corresponding quarter last fiscal.
For the half year ended September 2007, Era Infra Engineering’s Net Income was at Rs 536.84 crore, up 86.94% from Rs 287.17 crore during the corresponding period last year, while the company reported a net profit of Rs 56.96 crore as against Rs 28.93 crore in the same period of last year, registering a growth of 96.89%.
EPS for the first half of FY 2007-08 stood at Rs 26.64 compared to Rs15.54 in the corresponding period of FY 2006-07.