Patel Engineering Q2 results: Net profit grows 95.05% to Rs 73.44 crore

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Patel Engineering Q2 results: Net profit grows 95.05% to Rs 73.44 crore - Business Standard

Quick Summary:

Patel Engineering Ltd on Wednesday reported a 95.05 per cent rise in consolidated net profit after tax to Rs 73.44 crore in the quarter ended September 30, 2024 on account of higher revenues.It had posted a Rs 37.65 crore net profit after tax (PAT) from continuing operations during the year-ago period, the company said in a regulatory filing.

As of September 30, 2024 the consolidated gross debt of the company stood at Rs 1,437.7 crore, compared to Rs 1,885.5 crore as on March 31, 2024.

Total income of the company rose to Rs 1,230.98 crore in the July-September quarter, from Rs 1,046 crore in the same period a year ago.