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Engineers net increases 26% - Views on News from Equitymaster
Engineers India has posted 26.1% rise in net profit to Rs 558 m in 2QFY2000. Sales were also up 53.5% to Rs 1.6 bn. However, decline in net profit margin to 34.3% (41.7% in 2QFY1999) is cause for some concern.
2QFY2000
2QFY1999
Change
Net Sales
1,628
1,060
53.5%
Other Income
267
353
-24.4%
Expenditure
1,074
715
50.1%
Interest
-
-
Depreciation
21
17
21.9%
Profit before Tax
800
681
17.5%
Tax
242
238
1.5%
Profit after Tax
558
443
26.1%
Net profit margin
34.3%
41.7%
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