Patel Engineering Ltd News
Patel Engineering Q3 results: Net profit grows 14.5% to Rs 80 crore
Patel Engineering Ltd on Wednesday reported 14.49 per cent rise in consolidated net profit at Rs 80.24 crore for the quarter ended December 2024, supported by higher income. It had clocked a net profit of Rs 70.24 crore in the same period a year ago, the company said in an exchange filing. Total income rose to Rs 1,265 crore from Rs 1,076 crore a year ago. Expenses stood at Rs 1,125 crore as against Rs 1,030.94 crore in the third quarter of last fiscal. "Looking ahead, we are enthusiastic about enhancing our operational capabilities, expanding our project portfolio, and driving innovation within our industry. "The robust foundation we have built over the years fills us with confidence and optimism as we embark on the next phase of growth, consistently delivering outstanding value to our stakeholders," MD Kavita Shirvaikar said in a statement. The company's order book as on December 31, 2024 stood at Rs 16,396.4 crore. Mumbai-based Patel Engineering is an engineering, procurement
 "Patel Engineering Q3 results: Net profit grows 14.5% to Rs 80 crore")
Patel Engineering Q2 results: Net profit grows 95.05% to Rs 73.44 crore
Patel Engineering Ltd on Wednesday reported a 95.05 per cent rise in consolidated net profit after tax to Rs 73.44 crore in the quarter ended September 30, 2024 on account of higher revenues. It had posted a Rs 37.65 crore net profit after tax (PAT) from continuing operations during the year-ago period, the company said in a regulatory filing. Total income of the company rose to Rs 1,230.98 crore in the July-September quarter, from Rs 1,046 crore in the same period a year ago. As of September 30, 2024 the consolidated gross debt of the company stood at Rs 1,437.7 crore, compared to Rs 1,885.5 crore as on March 31, 2024. "Our performance in Q2FY25 highlights continued growth and operational efficiency, with revenue increasing by 14.98 per cent and significant gains in profitability, despite it being a monsoon period," said Kavita Shirvaikar, Managing Director. Patel Engineering in a statement said the quarter saw significant project progress across key sectors such as hydro-power,
 "Patel Engineering Q2 results: Net profit grows 95.05% to Rs 73.44 crore")
Patel Engineering up 5% on emerging lowest bidder for project of Rs 240 cr
The rise in Patel Engineering share price came after the company said that it has bagged an order worth Rs 240.02 crore from NHPC.
 "Patel Engineering up 5% on emerging lowest bidder for project of Rs 240 cr")
