Patel Engineering Share Price Jumps 6.1% After Q3FY25 Net Profit Surges to ₹80.24 crore

Patel Engineering share price surged by 6.1% to ₹48.50 on Thursday after the company announced third-quarter earnings for the period ending December 2024.

The company reported a consolidated net profit of ₹80.24 crore, marking a 14.49% year-on-year increase from ₹70.24 crores in the same period last year, signalling a solid financial performance.

Revenue Growth Reflects Strong Operational Execution

Patel Engineering’s revenue for the October-December quarter increased significantly, rising to ₹1,206 crore, up from ₹1,061 crore in the year-ago period. This growth underscores the company’s strong operational capabilities and successful execution of its strategic initiatives.

Expenses and Operational Costs

The company’s expenses for the quarter were reported at ₹1,125 crore, compared to ₹1,030.94 crore in the corresponding quarter of the previous fiscal year. Despite the increase in costs, Patel Engineering’s growth in both revenue and net profit reflects the positive impact of its operations.

About Patel Engineering

Founded in 1949, Patel Engineering has built a diverse portfolio that includes significant projects in sectors such as dams, tunnels, hydroelectric projects, irrigation, highways, roads, bridges, railways, and real estate.

The company has also expanded its expertise into the Engineering, Procurement, and Construction (EPC) sector and real estate development, having been involved in the construction of various structures, including hotels, theatres, sports stadiums, and office buildings.

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