Patel Engineering Ltd announces Q3 FY2024 results

Patel Engineering Limited, one of the pioneers in integrated infrastructure and construction services in India announces Q3 FY24 Results.

Standalone Key Financial Highlights Q3 FY24

- Revenue from Operations of ₹ 10,523.09 Mn, YoY growth of 13.23%
- Operating EBITDA of ₹ 1447.40 Mn, YoY growth of 10.73%
- EBITDA Margin of 13.75%
- Net Profit of ₹ 429.75 Mn, YoY growth of 100.85%
- Net Profit Margin of 4.08%, YoY growth of 178 Bps
- Diluted EPS of ₹ 0.55, YoY growth of 17 BPS

Standalone Key Financial Highlights 9M FY24

- Revenue from Operations of ₹ 31551.18 Mn, YoY growth of 20.20%
- Operating EBITDA of ₹ 4325.29 Mn, YoY growth of 18.67%
- EBITDA Margin of 13.71%
- Net Profit of ₹ 2149.97 Mn, YoY growth of 199.56%
- Net Profit Margin of 6.81%, YoY growth of 408 Bps
- Diluted EPS of ₹ 2.72, YoY growth of 151 BPS

Consolidated Key Financial Highlights Q3 FY24

- Revenue from Operations of ₹ 10,610.05 Mn, YoY growth of 11.14%
- Operating EBITDA of ₹ 1,420.88 Mn, YoY growth of 1.39%
- EBITDA Margin of 13.39%
- Net Profit of ₹ 702.43 Mn, YoY growth of 260.55%
- Net Profit Margin of 6.62%, YoY growth of 458 Bps
- Diluted EPS of ₹ 0.87, YoY growth of 55 BPS

Consolidated Key Financial Highlights 9M FY24

- Revenue from Operations of ₹ 32,009.29 Mn, YoY growth of 19.17%
- Operating EBITDA of ₹ 4527.18 Mn, YoY growth of 15.31%
- EBITDA Margin of 14.14%
- Net Profit of ₹ 1407.29 Mn, YoY growth of 99.79%
- Net Profit Margin of 4.40%, YoY growth of 178 Bps
- Diluted EPS of ₹ 2.02, YoY growth of 83 BPS

As on December 31st 2023 the Company is having total Order Book of ₹ 1,91,347 million (including L1)

Shares of Patel Engineering Limited was last trading in BSE at Rs. 67.18 as compared to the previous close of Rs. 71.48. The total number of shares traded during the day was 2335513 in over 13187 trades.

The stock hit an intraday high of Rs. 71.79 and intraday low of 66.10. The net turnover during the day was Rs. 160179266.00.

Source : Equity Bulls

Keywords

PatelEngineering INE244B01030 Q3FY24 9MFY24 ResultUpdate