Patel Engineering released its Q2 earnings, reflecting a mixed performance for the quarter. The company reported a dip in profitability even as revenues inched upward on a year-on-year basis.
The net profit for the quarter came in at ₹64.70 crore, slipping 11.7% from ₹73.30 crore recorded in the same period last year.
Revenue for Q2 stood at ₹1,208 crore compared to ₹1,174.3 crore a year earlier, marking a modest 2.9% rise. While the growth was not sharp, it shows consistent demand across the company’s key projects.
EBITDA for the quarter was ₹158.5 crore, marginally lower than ₹162 crore in the previous year, representing a 2.2% drop. The EBITDA margin also softened to 13.12% from 13.80% YoY, pointing to higher costs or slower project execution during the period.
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