Patel Engineering Q3 Results: Date, Earnings Call Details, Share Price History And More

Patel Engineering Ltd. is slated to announce its financial statements for the December 2024 quarter this week. The company has already informed the bourses about the schedule for its Q3 results announcement and earnings call. 

Incorporated in 1949, Patel Engineering Ltd. is an integrated infrastructure and construction services conglomerate with experience in building dams, tunnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways and refineries. The company has also executed real estate projects. Patel Engineering's total market capitalisation is valued at around Rs 4,000 crore. 

Here’s everything you need to know about Patel Engineering Q3 results:

Patel Engineering Ltd. in an exchange filing on Feb. 5 said that its board will meet to discuss and approve the financial statements for the quarter and nine months ending on Dec. 31, 2024, on Wednesday, Feb. 12. 

"The meeting of the Board of Directors of the Company will be held on Wednesday, February 12, 2025, inter alia, to consider and approve the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and nine months ended December 31, 2024," the filing read. 

The company has also scheduled an earnings conference call at 5:30 p.m. on Feb. 12 to discuss its financial performance in the December 2024 quarter with investors and analysts.

"We wish to inform that the Management team of the Company shall be participating in Q3FY25 earnings Call scheduled on Wednesday, February 12, 2025 at 5.30 p.m. (IST) hosted by Ashika Institutional Equities," the company stated.

Senior management of the company– Kavita Shirvaikar (Managing Director) and Rahul Agarwal (Chief Financial Officer) –  will represent Patel Engineering Ltd. in the conference call. 

One can dial +91 22 6280 1524 / +91 22 7115 8820  to participate in the call.

Shares of Patel Engineering Ltd. have fallen over 30% in the past one year on the NSE. The stock has declined nearly 16% over the past six months and more than 3% in a month. Over the past five trading sessions, the share price of Patel Engineering Ltd. has dropped more than 2%.

Patel Engineering posted robust financial growth in the second quarter of the ongoing fiscal, with net profit nearly doubling to Rs 73.44 crore in comparison to Rs 37.65 crore in the year-ago period. The company's total income rose to Rs 1,230.98 crore in the September 2024 quarter from Rs 1,046 crore in the corresponding quarter of last fiscal. 

The company's gross debt also came down to Rs 1,437.7 crore as of Sept. 30, 2024, from Rs 1,885.5 crore as of March 31, 2024.