Patel Engineering This fall PAT grows 78 computer to ₹140 crore

Patel Engineering Ltd on Saturday reported a 78 per cent rise in its consolidated web revenue after tax to ₹140.35 crore for the March 2024 quarter on account of upper revenues. It had posted a ₹78.83 crore “web revenue after tax (PAT) from persevering with operations” in the course of the year-ago interval, the corporate stated in an trade submitting.

The corporate’s income from operations additionally rose by 11 per cent to ₹1,343.18 crore from ₹1,205.06 crore within the January-March quarter of the previous 2022-23 fiscal. Its whole order e-book was ₹18,663 crore as of March 31, 2024.

Its Complete Time Director and CFO Kavita Shirvaikar stated, “The corporate has notched spectacular milestones within the final quarter. Our strong monetary strides underscore our disciplined price administration ethos and adeptness in capitalising on emergent prospects. Our imaginative and prescient stays vibrant, fuelled by a buoyant outlook on our firm’s potential, all whereas intensifying our fiscal methods for higher resilience out there”.

The Mumbai-based engineering, procurement, and development agency has a powerful presence in tunnels and underground works for hydroelectric and dam initiatives.

• Additionally learn: Dealer’s name: Patel Engineering (Purchase)