Net profit of Patel Engineering rose 53.05% to Rs 125.29 crore in the quarter ended March 2024 as against Rs 81.86 crore during the previous quarter ended March 2023. Sales rose 11.46% to Rs 1343.18 crore in the quarter ended March 2024 as against Rs 1205.06 crore during the previous quarter ended March 2023.For the full year,net profit rose 61.36% to Rs 269.79 crore in the year ended March 2024 as against Rs 167.20 crore during the previous year ended March 2023. Sales rose 16.78% to Rs 4544.11 crore in the year ended March 2024 as against Rs 3891.15 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1343.181205.06 11 4544.113891.15 17 OPM %17.6914.02 -15.1914.43 - PBDT175.6790.50 94 417.10264.28 58 PBT146.6469.79 110 319.49183.38 74 NP125.2981.86 53 269.79167.20 61 Powered by Capital Market - Live News

Patel Engineering will hold a meeting of the Board of Directors of the Company on 18 May 2024Powered by Capital Market - Live News

Patel Engineering (PEL), in collaboration with its joint venture partner, has been awarded the Letter of Acceptance (LOA) by the Irrigation & CAD Department, Government of Telangana for a contract valued at Rs. 525.36 crore. This contract entails the construction of a Reinforced Cement Concrete (RCC) Protection Wall of 8.5 km each along both the right and left flanks of the Munneru River, stretching from Polepally to Prakashnagar in the city of Khammam, located in Khammam District. Additionally, the contract includes the construction of embankments of 2 kilometers each on either side of the River Munneru near the Nagarjuna Sagar Left Bank Aqueduct in Khammam City, further emphasizing the project`s comprehensive approach to enhancing the area`s irrigation infrastructure and water management systems. Powered by Capital Market - Live News

Irrigation & CAD Department, Government of Telangana has declared Patel Engineering (PEL) along with its JV Partner as L1 for a Rs. 525.36 crore contract for the works involving Construction of RCC Protection Wall along River Munneru on right side and left side flanks between Polepally and Prakashnagar in Khammam City, Khammam District. The project is to be completed in a period of 24 months. The said project is located in the state of Telangana and the project is to be executed in a Joint Venture, of which PEL`s share is 51%. The scope of work involves Construction of RCC Protection wall of 8.5 Km each on Right side and Left side of flanks along River Munneru between Polepally to Prakashnagar in Khammam City and Embankment of 2 Km each on either side of River Munneru near Nagarjuna sagar Left Bank Aqueduct in Khammam city. Powered by Capital Market - Live News

Patel Engineering announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 8 March 2024 .Powered by Capital Market - Live News