EIL Q4 Results: Firm posts profit at Rs 159 crore; revenue rises 7.5% YoY

State-owned engineers India Ltd (EIL) saw a Q4 profit increase of 25% to INR 159 crore ($22m) and new businesses secured rose nearly three-fold year-on-year to INR 4,700 crore. Despite profit for 2022-23 remaining steady, revenue from operations rose 7.5% YoY to INR 866 crore in Q4, with debtors and trade receivables also decreasing. EIL has already secured INR 650 crore worth of new business and its order book at end of March was INR 9,079 crore, with 15% from abroad, focused on projects in the GCC, Africa, Mongolia and Guyana.