Patel Engineering Q3 results: Profit grows 14% to ₹80 crore

It had clocked a net profit of ₹70.24 crore in the same period a year ago, the company said in an exchange filing.

Total income rose to ₹1,265 crore from ₹1,076 crore a year ago. Expenses stood at ₹1,125 crore as against ₹1,030.94 crore in the third quarter of last fiscal.

"Looking ahead, we are enthusiastic about enhancing our operational capabilities, expanding our project portfolio, and driving innovation within our industry.

"The robust foundation we have built over the years fills us with confidence and optimism as we embark on the next phase of growth, consistently delivering outstanding value to our stakeholders," MD Kavita Shirvaikar said in a statement.

The company’s order book as on December 31, 2024 stood at ₹16,396.4 crore.

Mumbai-based Patel Engineering is an engineering, procurement, and construction (EPC) firm with a strong presence in tunnels and underground works for hydroelectric and dam projects.