Patel Engineering reported a consolidated net profit of ₹48.17 crore for Q1FY25, marking a 25.81% increase year-on-year from ₹38.39 crore in Q1FY24. The company’s consolidated revenue for Q1FY25 was ₹1,101.66 crore, representing a slight decrease of 1.52% compared to ₹1,118.61 crore in Q1FY24.
As of Q1FY25, Patel Engineering‘s order book stood at ₹17,901.9 crore, encompassing 50 projects. This portfolio includes 15 hydroelectric projects, 19 irrigation projects, 6 tunnel projects, 5 road projects, and 5 others. Of these, 31 projects are for state government departments, 17 for central government/PSUs, and 2 are international projects, with a presence in Nepal and across 15 states domestically.
Kavita Shirvaikar, Managing Director of Patel Engineering, commented, “Despite facing reduced work inflow at various sites last year and in the early part of this financial year due to elections and early monsoon rains, we have managed to meet our expectations for Q1 FY25.” She also highlighted the company’s improved financial standing, which was bolstered by a credit rating upgrade to A- this quarter.
Rahul Agarwal, Acting CFO, emphasized, “We are dedicated to sustaining our progress through a steadfast commitment to productivity and efficiency, laying a solid groundwork for a promising fiscal year.” He also noted that the company is focusing on strengthening its strategic initiatives to enhance resilience and seize upcoming opportunities. However, Patel Engineering’s share price has experienced a decline, falling by 10.53% over the past month and by 26.10% over the last six months.
Patel Engineering is a prominent infrastructure company specializing in hydroelectric projects, irrigation, tunnels, roads, and more. With a robust order book of ₹17,901.9 crore, it operates across 15 Indian states and internationally in Nepal. Known for its focus on productivity and efficiency, Patel Engineering has recently earned an upgraded credit rating to A-.
