Patel Engineering Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

The company has incorporated PNPL to operate construction business including infrastructure projects viz building, roads, bridges, hydropower, water supply etc.

The company will subscribe to 2,00,000 (100%) equity shares of NPR Rs 100 each of PNPL.

Patel Engineering is a construction company specializing in the hydropower and irrigation segments. It is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering works.

On a consolidated basis, the company's net profit surged 150.87% to Rs 80.77 crore on 14.98% increase in total revenue from operations to Rs 1174.32 crore in Q2 September 2024 over Q2 September 2023.

The counter shed 0.26% to settle at Rs 53.20 on Friday, 29 November 2024.

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Patel Engineering has appointed Rahul Agarwal, currently Acting Chief Financial Officer as Chief Financial Officer (KMP/SMP) of the Company with effect from 13 November 2024.

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Net profit of Patel Engineering rose 93.95% to Rs 73.04 crore in the quarter ended September 2024 as against Rs 37.66 crore during the previous quarter ended September 2023. Sales rose 14.98% to Rs 1174.33 crore in the quarter ended September 2024 as against Rs 1021.31 crore during the previous quarter ended September 2023.

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On a consolidated basis, the company's net profit surged 150.87% to Rs 80.77 crore on 14.98% increase in total revenue from operations to Rs 1174.32 crore in Q2 September 2024 over Q2 September 2023. Profit before Tax soared 105.93% year-on-year to Rs 101.07 crore during the quarter.

Operating EBITDA jumped 15.80% YoY to Rs 162.20 crore in Q2 September 2024. Operating EBITDA margin stood at 13.81% in Q2FY25, higher than 13.71% in Q2FY24. The quarter saw significant project progress across key sectors such as hydropower, irrigation and tunneling.

The company’s order book as on 30 September 2024 stood at 17,260.70 crore. As of 30 September 2024, the consolidated gross debt stood at Rs 1437.70 crore compared to Rs 1885.50 crore as on 31 March 2024.

Patel Engineering is a construction company specializing in the hydropower and irrigation segments. It is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works.

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