Patel Engineering Q4 net profit up 121.20 pc

Mumbai, Apr 25: Patel Engineering Ltd, a civil-infrastructure construction company, has reported encouraging results for the quarter ended March 31.

Their consolidated net profit jumped 121.20 per cent to Rs 23.41 crore compared to Rs 10.58 crore in the same period previous year, whereas, consolidated revenues during the quarter rose 25.85 per cent to Rs 358.00 crore compared to Rs 284.45 crore during the same period previous year.

The company has seen a substantial improvement in margins with net profit margins improving to 6.54 per cent as against 3.72 per cent for the same period in the previous year. The earning per share (basic and diluted of face value of Re 1) for the quarter stood at Rs 4.78 as on March 31 compared to Rs 2.18 in the corresponding quarter last year, a company release today said.

Meanwhile, consolidated net profit grew 75.86 per cent to Rs 73.07 crore for Q4'06 as compared to Rs 41.55 crore previous year.

Consolidated revenues during the year grew 30.00 per cent at Rs 1,011.38 crore as against Rs 777.94 crore previous year.

Net profit margins improved to 7.22 per cent as against 5.34 per cent in the last financial year. The earning per share (basic and diluted of face value of Re 1) for the year stood at Rs 14.92 as on March 31 as compared to Rs 8.55 in the previous year.

UNI