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Era Infra net profit at Rs279.41 cr; up by 37.90%

Era Infra Engineering Ltd has announced its Q4FY10 financial results for the quarter ended May 31, 2010. For the quarter ended March 31, 2010, the company recorded revenues of Rs980.92 cr, an increase of 2.97% from Rs952.58 cr in the corresponding quarter last fiscal.

EBIDTA stood at Rs201.57 cr, an increase of 2.12% as compared to Rs197.38 cr in Q4FY09. Net profit stood at Rs62.19 cr, up by 38% from Rs 45.07 crore. For the year ended March 31, 2010, Era Infra Engineering’s revenue was at Rs3415.47 cr, up 43.69% from Rs. 2376.89 crore during the corresponding period last year. The EBIDTA for the year stood at Rs 677.51 crore, registering an increase of 42.38% from Rs 475.85 crore. The company reported a Net Profit of Rs. 279.41 crore, up 37.90% as against Rs. 202.61 crore in the same period of last year.

Highlights of the quarter
During the quarter the Construction & Contracts division of Era Infra Engineering Limited received the following contracts:
• Rs. 1659 crore from National Highways Authority of India
• Rs. 59.48 crore from Steel Authority of India Limited
• Rs. 51.14 crore from CPWD- BHU, Varanasi
• Rs. 28.56 crore from Rural Electrification Authority, Lusaka Zambia

Financial Highlights (all comparisons to Q4FY09-10)
• Revenues at Rs 980.92 crore up by 2.97% as compared to Rs 952.58crore
• EBIDTA at Rs 201.57 crore up by 2.12% as compared to Rs 197.38 crore
• Net Profit at Rs 62.19 crore up by 38% as compared to Rs 45.07crore (Refer to Note 8 of results)
• EPS for the period stood at Rs 3.89 v/s Rs 7.50

Financial Highlights (all comparison to FY09-10)
• Revenues at Rs 3415.47 crore up by 43.69% as compared to Rs 2376.90 crore
• EBIDTA at Rs 677.51 crore up by 42.38% as compared to Rs 475.85 crore
• Net Profit at Rs 279.41 crore up by 37.90% as compared to Rs 202.61 crore
• EPS for the period stood at Rs 17.49 v/s Rs 16.11

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