Era Infra Engg. registers 51% increase in net profit


Era Infra Engg. registers 51% increase in net profit

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 265.33 crore, an increase of 61.07% from 164.72 crore in the corresponding quarter last fiscal. EBITDA was at 57.60 crore, an increase of 79% as compared to 32.15 crore in Q2 FY07.

Net profit stood at 24.72 crore, up by 51% from 16.37crore. The non annualized EPS at the end of the quarter was at 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 536.84 crore, up 86.94% from 287.17 crore during the corresponding period last year, while the company reported a net profit of 56.96 crore as against 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 26.64 compared to 5.54 in the corresponding period of FY 2006-07.

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