SHEL sees a 135 pc increase in net profit in Q1

Mumbai, Aug 1: Sunil Hi-Tech Engineers Limited (SHEL), a major player in fabrication, erection and commissioning of Thermal Power plant has registered a 135 per cent jump in its net profit in the first quarter of the current financial year, Year on Year (YoY).

The net sales of the company rose to Rs. 45.36 crores as against Rs.30.00 crores in the same period last year.

The operating profit of the company has also shot up to 132 per cent as compared to Rs 3.41 crores for the same period during the last year, the operating profit for this quarter was Rs 7.94 crores.

The net profit of the company stands at Rs 3.43 crores which is a 135 per cent increase as compared to Rs 1.46 crores witnessed in quarter one, for the previous fiscal, a release said.

The Basic and Diluted Earning Per Share (EPS) for the company have augmented to Rs 3.43 as compared to Rs 1.43 for the same period last year.

Sunil Gutte, Executive Director, SHEL, said, '' The Company is satisfied with the quarter's results and appreciates the steady growth, and is looking forward to expanding its business''.

SHEL offers a diverse array of products and services, catering to the power, process, piping and sugar industries, irrigation projects and raw water systems.

UNI