Patel Engineering Reports Strong Q2FY25 Results

Patel Engineering Limited, a major player in India’s infrastructure and construction services sector, announced robust financial results for Q2FY25, highlighting strong project momentum in hydropower, irrigation, and tunneling. The company's order book reached ₹1,72,607 million as of September 30, 2024. Patel Engineering also emerged as the lowest bidder for a ₹2,400 million hydropower project at NHPC Ltd.’s Teesta-V Power Station in Sikkim.
Commenting on the results, Ms. Kavita Shirvaikar, Managing Director, emphasized the 14.98% revenue growth during the monsoon period, attributing it to operational efficiency and a focus on stakeholder value. The company aims to build on its strong foundation and strategic project execution to drive further growth in India’s infrastructure.
Mr. Rahul Agrawal, CFO, highlighted notable gains in EBITDA and net profit, underscoring Patel Engineering's disciplined financial management. With a robust balance sheet, the company is well-positioned for future investments in high-potential projects, committed to sustainable growth and long-term value creation for shareholders.