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Reading: Patel Engineering This fall Outcomes: Web revenue slumps to Rs 35 crore
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StockWaves > Financial News > Patel Engineering This fall Outcomes: Web revenue slumps to Rs 35 crore
Financial News

Patel Engineering This fall Outcomes: Web revenue slumps to Rs 35 crore

StockWaves By StockWaves Last updated: May 13, 2025 2 Min Read
Patel Engineering This fall Outcomes: Web revenue slumps to Rs 35 crore
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Patel Engineering on Tuesday mentioned its internet revenue in March quarter nosedived to Rs 34.7 crore on account of upper provisions. The corporate had reported a internet revenue of Rs 140.9 crore in January-March interval of 2023-24 monetary yr, it mentioned in an alternate submitting.

Nevertheless, whole earnings elevated by 19 per cent to Rs 1,637.2 crore from Rs 1,374.3 crore within the year-ago interval.

“The distinctive gadgets for the quarter ended March 31, 2025 of Rs 871.09 million (Rs 87.1 crore) {internet) embody provision made for impairment of funding and loans & advances in affiliate firms and write off of sure receivables,” it mentioned.

Bills stood at Rs 1,498.3 crore as towards Rs 1,227.7 crore in the identical quarter final monetary yr.

Income surpassed Rs 5,000 crore for the primary time this yr demonstrating the corporate’s potential to drive constant progress whereas enhancing operational effectivity, MD Kavita Shirvaikar mentioned.

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The corporate has a wholesome order guide of Rs 15,218 crore as of March 31, 2025 and additional have orders of round Rs 2,500 crore, she mentioned. Patel Engineering has a presence in hydropower, tunnelling, and irrigation sector.

Its shares had been buying and selling at Rs 42 apiece, down 5.87 per cent on BSE.

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