Patel Engineering announced Q1FY24 results: Revenue for Q1FY24 is Rs 11,186.11 million a growth of 24.14% YoY Operating EBITDA reported at Rs 1,705.63 million as compared to Rs 1,338.60 million in Q1FY23 Net profit at Rs 382.88 million as against Rs 312.50 million in Q1FY23 Total order book as on June 30, 2023, stands at Rs 2,00,142 million (including L1) Rupen Patel, Chairman & Managing Director, Patel Engineering, said, “The company has exceeded forecasts for the quarter and demonstrated exceptional performance compared to the same period in the previous quarter. All of our business segments experienced significant revenue increases this quarter. The influx of recent projects will contribute significantly towards improvement in the company's overall financial performance. We are confident that the upcoming quarters in the current financial year will maintain the company's upward trend. To help achieve maximum output for the upcoming quarters, we remain focused on sustaining our growth in core EPC business and taking full advantage of the opportunities available towards the development of India’s Infrastructure and thereby improving stakeholder value in the long run.” Commenting on the result, Kavita Shirvaikar, Whole-time Director & CFO said, “The company has achieved commendable advancements during the first quarter of FY24. It has made substantial strides in terms of profits and we will persist in efficiently delivering and upholding the company's productivity level in the coming future. Our resilient financial performance is a testament to our conscientious approach to cost management and our capacity to seize emerging opportunities. Casting our gaze towards the future, we maintain an optimistic outlook regarding the potential of our company, simultaneously concentrating on fortifying our fiscal strategies." Result PDF