Patel Engineering’s shares surged more than 4% after the company reported impressive Q2 results.
The company saw a remarkable 95.2% increase in net profit, reaching ₹73.4 crore compared to ₹37.6 crore YoY. Revenue grew by 15%, amounting to ₹1,174.3 crore, up from ₹1,021.3 crore last year.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a 16% rise, reaching ₹162.3 crore compared to ₹140 crore YoY. The EBITDA margin improved slightly to 13.8%, up from 13.7% YoY.
As of 12:51 pm, Patel Engineering shares were trading 4.06% higher at Rs 50.99 on the NSE.
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