Patel Engineering announced that the 69th Annual General Meeting (AGM) of the company will be held on 27 September 2018.

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Net profit of Patel Engineering reported to Rs 36.17 crore in the quarter ended June 2018 as against net loss of Rs 4.72 crore during the previous quarter ended June 2017. Sales declined 0.16% to Rs 555.49 crore in the quarter ended June 2018 as against Rs 556.37 crore during the previous quarter ended June 2017.

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The announcement was made after market hours yesterday, 7 August 2018.

Meanwhile, the S&P BSE Sensex was up 25.34 points, or 0.07% to 37,691.14.

On the BSE, 1.36 lakh shares were traded in the counter so far compared with average daily volumes of 40,000 shares in the past two weeks. The stock had hit a high of Rs 51.35 and a low of Rs 48.90 so far during the day. The stock hit a 52-week high of Rs 96.05 on 28 November 2017. The stock hit a 52-week low of Rs 36.10 on 23 July 2018.

Net profit of Patel Engineering rose 218.46% to Rs 82.99 crore on 47.69% decline in net sales to Rs 468.91 crore in Q4 March 2018 over Q4 March 2017.

Patel Engineering is an integrated infrastructure and construction services conglomerates in India.

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Net profit of Patel Engineering rose 218.46% to Rs 82.99 crore in the quarter ended March 2018 as against Rs 26.06 crore during the previous quarter ended March 2017. Sales declined 47.69% to Rs 468.91 crore in the quarter ended March 2018 as against Rs 896.48 crore during the previous quarter ended March 2017.

For the full year,net profit rose 41.24% to Rs 59.08 crore in the year ended March 2018 as against Rs 41.83 crore during the previous year ended March 2017. Sales declined 30.31% to Rs 2038.90 crore in the year ended March 2018 as against Rs 2925.55 crore during the previous year ended March 2017.

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