Shriram EPC posts Rs 24 crore profit

 

Chennai, Jun 8: Shriram EPC Limited (SEPC) announced a turnover of Rs 615 crore on standalone basis for FY18 compared to Rs 520 crore on standalone basis for FY17, higher by 18%. Profit before tax was Rs 24.26 crore compared to a loss of Rs 226 crore for FY17.
Commenting on the results, T Shivaraman, MD & CEO of Shriram EPC Limited, said: “We are pleased to announce positive results for the year for the first time after the last few years. Our order backlog of over Rs 2,600 crore gives us the confidence that we will be able to sustain this momentum in the forthcoming years.