Latest News | EIL Net Halves in Oct-Dec
Get latest articles and stories on Latest News at LatestLY. State-owned Engineers India Ltd on Wednesday reported halving of its net profit in the December quarter as revenue from operations declined.
New Delhi, Feb 9 (PTI) State-owned Engineers India Ltd on Wednesday reported halving of its net profit in the December quarter as revenue from operations declined.
EIL has a consolidated net profit of Rs 40.66 crore in October-December compared with Rs 88.07 crore a year back, the company said in a stock exchange filing.
Revenue from operations declined to Rs 692.11 crore from Rs 845.48 crore in the previous year.
The firm did not give reasons for the decline.
Also Read | Twitter Testing Playback Speed Options for Videos & Voice Tweets.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)