State-run Engineers India Ltd (EIL) has announced its financial results for the first quarter of the fiscal year 2010-11. The company has posted a net profit of Rs 114.56 crore for the quarter that ended in 30th June, 2010.

The net profit was Rs 94.22 crore for the corresponding quarter in the previous fiscal year. Engineers India Ltd has also informed that it is coming up with on public offer in this month itself which will be opened on 27th of July.

Engineers India Ltd (EIL) has informed this in a filing at the Bombay Stock Exchange. 

The total income of the company has increased to Rs 606.03 crore during the April-June period of fiscal year 2010-11. In the last year it was Rs 391.43 crore for the same quarter.

There has been an impressive hike in the total income of the firm in this quarter this year against same period in last year. 

However, the company has also said that the public offer of 3.36 crore equity shares will be provided at a Rs 5 each and it will be available till 29th of July.