Dalal Street Investments
Top

Patel Engineering net profit up 31.87% at Rs 38.85 crore

January 8, 2008

Patel Engineering Ltd., a civil-infrastructure construction company, has reported a 31.87 per cent jump in consolidated net profit at Rs 38.85 crore for the third quarter ended December 31, 2007 as compared to Rs 29.46 crore in the corresponding quarter previous year. Consolidated total income from operations for the quarter rose 33.34 per cent at Rs 378.85 crore as against Rs 284.12 crore during the same period previous year. The earning per share (basic and diluted of face value of Re 1) for the quarter stood at Rs 6.52 as on December 31, 2007 compared to Rs 5.09 in the corresponding quarter last year.

Meanwhile, the company has reported a 35.14 per cent jump in consolidated net profit at Rs 101.42 crore for the nine months ended December 31, 2007 as compared to Rs 75.05 crore in the corresponding quarter previous year. Total consolidated income from operations rose to 34.87 per cent at Rs 1132.87 crore as against Rs 839.95 crore during the same period previous year.

Patel Engineering order book position stood around Rs 5,508 crore as on December 31, 2007.

Comments

Got something to say?






Bottom