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Patel Engineering Ltd Q1FY24; 16% rise in Profits

Patel Engineering Ltd is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works in areas like hydro, irrigation & water supply, urban infrastructure and transport.

Financial Results:

Patel Engineering Ltd reported Revenues for Q1FY24 of ₹1,119.00 Crores up from ₹901.00 Crore year on year, a rise of 24.2%.

Total Expenses for Q1FY24 of ₹1,058.00 Crores up from ₹885.00 Crores year on year, a rise of 19.55%.

Consolidated Net Profit of ₹43.00 Crores up 16.22% from ₹37.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.56, up 9.80% from ₹0.51 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: construction
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