Patel Engineering Reports Strong Q3 FY25 Results
Patel Engineering Limited has announced its financial results for Q3 FY25, reporting strong growth across key metrics. The company’s performance reflects its resilience and progress in hydropower, irrigation, and tunneling projects, reinforcing its role in India's infrastructure development.
Consolidated revenue for the quarter rose 13.6% year-on-year to ₹12,055 million, while operating EBITDA grew by 29.5% to ₹1,840 million. The EBITDA margin improved to 15.26% from 13.39% in Q3 FY24. Net profit increased to ₹804 million, with a net profit margin of 6.67%.
The company also reduced its consolidated gross debt to ₹14,224 million as of December 31, 2024, down from ₹18,855 million in March 2024. Earnings per share (EPS) improved to 2.46 in 9M FY25 from 2.02 in 9M FY24.
Commenting on the results, Ms. Kavita Shirvaikar, MD, said, “It gives me great pleasure to announce our Q3 FY25 results, which continue to demonstrate our unwavering momentum and operational excellence, with a 13.62% increase in revenue along with significant profitability gains. These achievements highlight our relentless dedication to creating exceptional value for our stakeholders and our strategic focus on optimizing our project pipeline. We are excited about the future as we continue to execute projects with precision, playing a pivotal role in India's infrastructure development. Looking ahead, we are enthusiastic about enhancing our operational capabilities, expanding our project portfolio, and driving innovation within our industry. The robust foundation we've built over the years fills us with confidence and optimism as we embark on the next phase of growth, consistently delivering outstanding value to our stakeholders.”
Mr. Rahul Agrawal, CFO, added, “We are delighted to announce a stellar performance in Q3 FY25, marked by substantial gains across the board in revenue, EBITDA, and net profit. This quarter's success serves as a testament to our strategic financial management and our commitment to maintaining a strong balance sheet. Our financial health allows us to confidently invest in promising future projects. As we move forward, we are excited about optimizing our capital allocation, adhering to rigorous financial discipline, and ensuring our investments drive long-term value for our shareholders. With a solid financial foundation, we are poised for continued expansion and sustainable growth, paving the way for a prosperous future.”
