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Patel Engineering Ltd Q2FY24; 65% 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 Q2FY24 of ₹1,021.00 Crores up from ₹830.00 Crore year on year, a rise of 23.01%.
  • Total Expenses for Q2FY24 of ₹996.00 Crores up from ₹836.00 Crores year on year, a rise of 19.14%.
  • Consolidated Net Profit of ₹38.00 Crores up 65.22% from ₹23.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.49, up 63.33% from ₹0.30 in the same quarter of the previous year.
Tags: Engineering
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