Share of Patel Engineering Limited (NSE: PATELENG) today rose as much as 6% to an intraday high of Rs 51.92.
The September quarter results are behind this rise in the shares.
In fact, the integrated net profit of Patel Engineering Limited in the second quarter of the current financial year 2024-25 has increased by 95 percent to Rs 73.44 crore.
The net profit of the company in the financial year of 2023-24 was 37.65 crore.
What Was The Company’s Statement?
Patel Engineering informed the market that the whole income of the business increased to 1,230.98 crore during the July-September quarter from Rs 1,046 crore in the same time frame a year prior.
Company Managing Director Kavita Shirwaikar said that their performance in the second quarter of FY 2024-25 reflects sustained growth and operational efficiency, with revenue growth of 14.98 percent and a significant increase in profitability.
State Of The Company’s Shares
The share of Patel Engineering has fallen 3% in the last five days and fallen by 7% in a month. It has fallen by 9% in six months.
This stock has fallen 22% so far this year. It has gained 7% in a year and up to 300% in five years. At this time, the price has increased from Rs 13 to its present price.
Its 52-week high price is Rs 79 and its 52-week low price is Rs 46.10. The market capitalization of Patel Engineering is Rs 4,218 crore.
Quick Fact
| Company name | Patel Engineering |
|---|---|
| Net profit (Q2 FY24-25) | ₹73.44 crore (up 95.05%) |
| Previous net profit (Q2 FY23-24) | ₹37.65 crore |
| Total income (Q2 FY24-25) | ₹1,230.98 crore |
| Previous income (Q2 FY23-24) | ₹1,046 crore |
| Revenue growth (Q2 FY24-25) | 14.98% |
| Share change (5 days) | Fell 3% |
| Share change (1 month) | Fell 7% |
| Share change (6 months) | Fell 9% |
| Share change (year-to-date) | Fell 22% |
| Share change (1 year) | Gained 7% |
| Share change (5 years) | Gained 300% |
| Market cap | ₹4,218 crore |
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