Patel Engineering reports 67% fall in Q1 net profit

31 Aug 2012 Evaluate

Patel Engineering has reported results for first quarter ended June 30, 2012.

The company has reported a fall of 67.16% in its net profit at Rs 3.36 crore for the quarter under review as compared to Rs 10.23 crore for the same quarter in the previous year. The total income from operation of the company has increased by 5.06% at Rs 568.46 crore for Q1FY13 as compared Rs 541.08 crore for the corresponding quarter previous year.

Patel Engineering provides a wide range of civil engineering services involved in design and construction of power projects, hydroelectric projects, commercial building, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and abroad.  It has an experience of 75 dams, 30 hydro electric projects, 30 micro tunneling projects and 130 Km of tunneling, etc.

Patel Engineering Share Price

16.85 -0.05 (-0.30%)
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