Patel Engineering Limited (NSE – PATELENG & BSE – 531120), one of the pioneers in integrated infrastructure and construction services in India has announced its financial results for the first quarter of FY25.
Key Financials at a Glance: Rs. In Crores
| Particulars | Consolidated | Standalone | ||||
| Q1FY25 | Q1FY24 | YoYChanges | Q1FY25 | Q1FY24 | YoYChanges | |
| Revenue from Operations | 1,101.66 | 1,118.61 | (1.52)% | 1,082.44 | 1,090.70 | (0.76)% |
| Operating EBITDA | 168.65 | 170.56 | (1.12)% | 161.28 | 152.21 | 5.96% |
| Net Profit | 48.17 | 38.29 | 25.81% | 68.16 | 130.76* | (47.87)% |
| *Diluted EPS from continuing operations (Rs) | 0.63 | 0.60 | 3 bps | 0.79 | 1.42* | (63bps) |
*includes exceptional income of Rs. 91.92 crores
Kavita Shirvaikar, Managing Director, Patel Engineering Limited said, “We are pleased to report a stable and consistent start to the fiscal year with our revenue at Rs. 1,101.66 crore and still increasing profits by 25.81% from Rs. 38.29 Cr to Rs. 48.17 Cr, despite there being a subdued order inflow in last FY 24 and Q1 FY 25 due to elections and early monsoon at few project sites. With Patel Engineering Limited meeting expectations in Q1 FY25, our commitment to financial excellence has been recognized with the upgrade of our credit rating this quarter to A-. Our focus remains on delivering long-term value for our stakeholders while continuously enhancing operational efficiency and output. With this strong foundation in place, we are poised to build a brighter future for Patel Engineering Limited and creating lasting value for India’s infrastructure development.”
Commenting on the result, Mr. Rahul Agarwal, Acting CFO said, “With the start of FY25, Patel Engineering Limited is proud to announce its achievements in the first quarter of this fiscal year, which is marked by significant milestones and substantial profit growth. We remain committed to maintaining our momentum, driven by a relentless focus on productivity and efficiency, setting a strong foundation for a promising fiscal year. Our strong financial performance is a testament to our disciplined approach to cost management and our ability to seize emerging opportunities. With a positive outlook on our company’s future, we are intensifying our strategic efforts to enhance our resilience and capitalize on the vast potential that lies ahead.”
About Patel Engineering Ltd.
Patel Engineering Limited. (‘PEL’ or ‘Company’), is a 75-year company established in the year 1949, have evolved as a construction company specializing in the hydropower and irrigation segments. Thwy are engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works and have executed a variety of infrastructure projects in the technology-intensive areas like hydropower, irrigation and water supply, urban infrastructure, and transportation segments especially in tunnels and underground works for hydroelectric and transportation projects primarily as civil contractors.
