Sunil Hi-Tech net zooms 4 times in Sep`07 qtr

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Sunil Hi-Tech Engineers, a specialist in fabrication, erection, testing and commissioning of thermal power plants, witnessed a four times jump in net profit to Rs 52.4 million for the second quarter ended September 2007, as against  Rs 13 million in the corresponding quarter, last year.                                             

The net sales of the company jumped 2 times to Rs 697.9 million, as against Rs 333.2 million in the same period, last year.

The operating profit of the company also increased by 3.08 times to Rs 115.9 million as compared with Rs 37.5 million in the same quarter, last year.

The basic and diluted EPS including exceptional items, augmented to Rs 5.22 as compared to Rs 1.30 for the same period, last year.

The closing order book position to be executed over next two years stands at Rs 7,120 million. The company is negotiating for fresh orders to the tune of Rs 1,500 million.

Business Profile
 
Sunil Hi-Tech offers a diverse array of products and services, catering to the power, process, piping and sugar industries, irrigation projects and raw water systems.

As part of its portfolio, the company undertakes erection of boiler and auxiliaries up to 500 MW capacity, EPC Projects for thermal power stations, erection of EHV transmission lines and sub-stations, manufacture, supply, erection, testing and commissioning of super-heater coils & bends and erection of sugar mills.

Shares of the company closed up Rs 27.95, or 10.18%, at Rs 302.60. The total volume of shares traded at the BSE was 330,844. (Wednesday)