Revenue from operations rose 25% to ₹991 crore during the quarter. Total expenses fell 3% to ₹708 crore, as the company had registered “other expenses” of ₹88 crore in the year-ago quarter, compared to ₹6 crore in the March quarter.
The company wrote back ₹82 crore during the March quarter following the settlement of a performance obligation with a client in the consultancy and engineering projects segment.
EIL shares closed 2.8% higher at ₹217.45 apiece on Thursday, when the benchmark Sensex rose 0.4%. The company declared a dividend of ₹2 per share.
Profit for the full year 2024–25 rose 30% to ₹465 crore, the highest in a decade, due to operational efficiencies, EIL chairperson Vartika Shukla said. Annual revenue, however, fell 6% to ₹3,028 crore.
The company received orders worth ₹8,214 crore during 2024–25, and EIL’s order book stood at ₹11,700 crore at the end of March, she said. Of the total orders received in 2024–25, 45% were from the non-oil and gas sector. Overseas orders were worth ₹1,077 crore.EIL is planning to enter the defence sector, initially focusing on process-related technologies, a familiar area for the company, Shukla said.The company also aims to re-enter the nuclear energy sector, though progress will depend on government policy. “It’s a difficult sector to enter… We will have to build competencies,” she said.
EIL also plans to foray into the critical minerals segment. “We have a strategy to enter the critical minerals segment,” she added, without elaborating.
