Patel Engineering Ltd's Q3FY25 Quarterly Results

Result Summary

• Patel Engineering Ltd reported a 2.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 17.6%.
• Its expenses for the quarter were up by 1.0% QoQ and 9.2% YoY.
• The net profit increased 11.0% QoQ and increased 18.4% YoY.
• The earnings per share (EPS) of Patel Engineering Ltd stood at 0.9 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Patel Engineering Ltd is a prominent player in the construction and infrastructure development industry, known for its comprehensive range of services that include engineering, procurement, and construction across various sectors. The company has established itself as a key contributor to large-scale infrastructure projects, which encompass dam construction, hydroelectric projects, and urban infrastructure. Information regarding any recent major developments or shifts in the company's strategic direction is not available in the provided data.

Revenue

In the third quarter of FY25, Patel Engineering Ltd reported a total income of ₹1265.08 crores, reflecting a quarter-over-quarter growth of 2.8% from ₹1230.98 crores in Q2FY25. This also marked a significant year-over-year increase of 17.6% compared to ₹1076.12 crores in Q3FY24. The company's ability to generate increased revenue over both the quarter and the year indicates a positive trajectory in its income streams.

Profitability

For the same period, the company recorded a Profit Before Tax (PBT) of ₹89.48 crores, which represents a decrease of 11.5% from the previous quarter's PBT of ₹101.07 crores. However, when viewing the year-over-year comparison, there is a 9.0% increase from ₹82.08 crores in Q3FY24. The tax expense for Q3FY25 was significantly lower at ₹9.25 crores compared to ₹27.71 crores in Q2FY25, leading to a notable reduction of 66.6% quarter-over-quarter and a year-over-year decrease of 31.4% from ₹13.49 crores. Consequently, the Profit After Tax (PAT) rose to ₹81.52 crores, a growth of 11.0% from Q2FY25 and 18.4% from the previous year.

Operating Metrics

Patel Engineering Ltd's total expenses for Q3FY25 amounted to ₹1125.90 crores, up by 1.0% from ₹1115.14 crores in Q2FY25 and 9.2% higher than ₹1030.96 crores in Q3FY24. This indicates a controlled increase in expenses relative to the income growth. The Earnings Per Share (EPS) remained constant at ₹0.90 over the quarters and year-over-year, suggesting stable earnings allocation to shareholders. The consistency in EPS indicates no dilution in equity despite changes in profit levels.