Patel Engineering

SDBL, Hikal among today's top stock picks by Jigar S Patel of Anand Rathi

Between March 2023 and June 2024, Hikal Limited's stock was in a consolidation phase, trading within a relatively narrow range of Rs 260 to Rs 320

Patel Engineering stock rises 6% after inking MoU with Rail Vikas Nigam

The rise in Patel Engineering share price came after the company said that it has signed a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL), a state-owned railway company.

Patel Engineering Q1 results: Net profit jumps 26% to Rs 48.17 cr

Patel Engineering Ltd on Tuesday reported a 25.81 per cent rise in its consolidated net profit to Rs 48.17 crore in the April-June quarter of 2024. It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing. The company's revenue from operations declined by 1.52 per cent to Rs 1,101.66 crore in the June quarter. It was at Rs 1,118.61 crore in the year-ago period. Patel Engineering's Managing Director Kavita Shirvaikar said, "Our focus remains on delivering long-term value for our stakeholders while continuously enhancing operational efficiency and output." "With this strong foundation in place, we are poised to build a brighter future for Patel Engineering Limited and creating lasting value for India's infrastructure development," she added. The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

Patel Engineering stock tanks 5% as topline, Ebitda fall in Q1FY25

Shares of Patel Engineering surged up to 4.56 per cent at Rs 53.09 a piece on the BSE in Tuesday's intraday deals

Patel Engineering stock price zooms 7% as JV bags project worth Rs 318 cr

The uptick in the share price came after Patel Engineering announced that the Office of the Executive Engineer, Govt Maharashtra has awarded the company, along with its JV, a Rs 317.60 crore contract.

Patel Engineering crashes 12% after CMD Rupen Patel dies, pares YTD gains

The Board of Patel Engineering has approved the appointment of Janky Patel as the 'Chairperson' of the company effective from July 6, 2024

TCS, ONGC, SAIL, Ujjivan SFB, Trident among nine stocks to track on May 21

In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore

Patel Engineering Q4 results: PAT rises 78% to Rs 140 cr on higher revenues

Patel Engineering Ltd on Saturday reported a 78 per cent rise in its consolidated net profit after tax to Rs 140.35 crore for the March 2024 quarter on account of higher revenues. It had posted a Rs 78.83 crore "net profit after tax (PAT) from continuing operations" during the year-ago period, the company said in an exchange filing. The company's revenue from operations also rose by 11 per cent to Rs 1,343.18 crore from Rs 1,205.06 crore in the January-March quarter of the preceding 2022-23 fiscal. Its total order book was Rs 18,663 crore as of March 31, 2024. Its Whole Time Director and CFO Kavita Shirvaikar said, "The company has notched impressive milestones in the last quarter. Our robust financial strides underscore our disciplined cost management ethos and adeptness in capitalising on emergent prospects. Our vision remains bright, fuelled by a buoyant outlook on our company's potential, all while intensifying our fiscal strategies for greater resilience in the market". The .

Patel Engineering launches QIP issue with floor price of Rs 59.50 per share

Construction company Patel Engineering Ltd has launched a qualified institutional placement (QIP) issue and has set a floor price of Rs 59.50 per share. In a regulatory filing the company said the allotment committee of the board at its meeting held on April 22, authorised the opening of issue and considered and took on record floor price of Rs 59.50 per equity share. The company in a board meeting in February had approved the resolution to raise funds through issuance of equity shares to qualified institutional buyers. The proposal received shareholders approval on March 8, 2024. Further, a meeting of the allotment committee is scheduled to be held on April 25, 2024, to, inter alia, consider and determine the issue price for the equity shares to be allotted to qualified institutional buyers pursuant to the issue. Mumbai-based Patel Engineering is an engineering, procurement, and construction (EPC) firm with a strong presence in tunnels and underground works for hydroelectric and

Patel Eng Q3 results: Profit grows to Rs 70 cr, total income at Rs 1,076 cr

Patel Engineering Ltd (PEL) has reported a multi-fold jump in its consolidated net profit to Rs 70.2 crore during the quarter ended December 2023, supported by higher income. It had clocked a net profit of Rs 19.4 crore during the October-December period of preceding 2022-23 financial year, the company said in an exchange filing. The company's total income rose to Rs 1,076.1 crore from Rs 980.6 crore a year ago. Expenses stood at Rs 1,030.9 in the reporting quarter as against Rs 940.5 crore in the third quarter of last fiscal. In a separate statement, the company's CMD Rupen Patel said, "Our adaptability and resilience are evident in our increased turnover of Rs 3,200 crore in the nine-month period, marking a 19.17 per cent growth as against the corresponding period in the last year." The company is expected to sustain an upward trajectory through various projects and joint ventures, he said. Kavita Shirvaikar, whole-time director & CFO said, "With a focus on prudent financial ..

Patel Engineering JV bags Rs 1,275 crore project in Madhya Pradesh

Patel Engineering Limited (PEL) on Tuesday said its joint venture has bagged a Rs 1,275.30 crore order in Madhya Pradesh. The contract was awarded by Madhya Pradesh Jal Nigam, Patel Engineering said, adding its share in the JV project is Rs 446.36 crore. The engineering, procurement and construction (EPC) project includes testing, commissioning, trial run and operations and maintenance. It is expected to be completed in 24 months, and its operations and maintenance will be carried out for 10 years. The Mumbai-based EPC firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

Stock of this civil construction company has zoomed nearly 200% in 3 months

Shares of Patel Engineering were locked at upper circuit for the third straight day on Thursday, and now quote at the highest level since November 2018.

Patel Engineering bags Rs 519-cr water tunnel project in Maharashtra

Patel Engineering has received a letter of acceptance (LOA) from City and Industrial Development Corporation (CIDCO) to construct a 6.70 km long treated water tunnel and associated works in Raigad district, Maharashtra. The water tunnel project, worth Rs 519.50 crore, will be executed without any joint venture partnership, the infrastructure company said in a statement on Tuesday. Rupen Patel, Chairman & Managing Director, Patel Engineering Limited, said it is a prestigious project for the company. "This project demonstrates our technical prowess and engineering skills, along with excellent execution capabilities." The project is expected to be completed within 60 months, as stipulated in the bid. With expertise in tunnelling, underground works for hydroelectric and infrastructure development, the company is well-positioned to successfully complete the project within the stipulated time frame. The tunnel will be constructed from Sai village to Vindhane village. The Mumbai-based ..

Patel Engineering net profit grows to Rs 84.3 cr in March quarter

Patel Engineering on Monday posted a four-fold jump in its consolidated net profit at Rs 84.3 crore during the March 2023 quarter, boosted by higher revenues. It had clocked Rs 21.2 crore net profit during January-March quarter of preceding 2021-22 fiscal, the company said in a statement. The company's revenues from operations also surged to Rs 1,298.34 crore, from Rs 1,111.6 crore in the year ago quarter. Company's CMD Rupen Patel said: "This year has been exciting with new projects coming onboard and taking our order book to an all-time high beyond Rs 2,00,000 million. We have achieved improved revenue and profit figures showcasing the strength and resilience of our business in a competitive environment." Kavita Shirvaikar, Director & CFO, said, The company won several water tunnel and irrigation projects in Maharashtra, Karnataka, and Madhya Pradesh during the quarter. "We continue with our efforts to monetise non-core assets and have reduced debt by more than Rs 5,000 million

This smallcap construction & engineering stock has zoomed 75% in 7 days

Shares of Patel Engineering were locked at the 20 per cent upper circuit at Rs 28.85, and in the process also hit a fresh 2.5 year high on the BSE on Tuesday amid heavy volumes

Patel Engineering bags Rs 976 cr order for Luhri hydro electric project

Patel Engineering said it has bagged a Rs 976 crore order from Sutlej Jal Vidyut Nigam Ltd, a joint venture between the Centre and Himachal Pradesh state government

Patel Engineering zooms over 100% in 7-days

The stock is currently trading at its 52-week high of Rs 108, rallied 127% in past seven trading sessions from Rs 47.60 on August 31.

Patel Engg bags Rs 2,500-crore arbitration award

The company's total standalone debt as on March 31, 2016 stood at nearly Rs 4,535 cr

Patel Engineering zooms 20% on debt reduction hopes

The stock locked in upper circuit of 20% at Rs 57.10 on the BSE.

Patel Engineering surges as JV wins orders worth Rs 2,377 crore

The stock surged 16% to Rs 58 on the BSE on back of heavy volumes.