Patel Engineering reports 151% profit surge in Q2 FY25

Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25. 

For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%.

The company’s order book stood at Rs 172,607 million, with Patel Engineering recently being declared the lowest bidder for a Rs 2,400 million hydropower project at the Teesta-V Power Station.