Construction & Engineering company Patel Engineering announced consolidated FY23 results: Revenue for FY23 is Rs 42,019.71 million a growth of 24.31% YoY Basic EPS up from Rs 1.51 to Rs 3.19 in FY23 Net Profit up by 181.43% at Rs 1,548.06 million as against Rs 550.06 million in FY22 Operating EBITDA reported at Rs 6,248.76 million as compared to Rs 5,277.32 million in FY22 Total Order Book as on 31st March 2023 stands at Rs 2,08,067 million (including L1) which is at an all-time high Rupen Patel, Chairman & Managing Director, Patel Engineering, said, “This year has been exciting with new projects coming onboard and taking our order book to an all-time high beyond Rs 2,00,000 million. We have achieved improved revenue and profit figures showcasing the strength and resilience of our business in a competitive environment. I also like to thank all stakeholders for their trust in us on our recent successful Rights Issue. Moving forward we remain committed to achieving exponential developments in the infrastructure segment of the country contributing to the overall economic development.” Commenting on the result, Kavita Shirvaikar, Director & CFO said, “I am extremely pleased to share the outstanding Q4 & FY 23 results we have achieved. The quarter has been incredible with the winning of water tunnel and irrigation projects in Maharashtra, Karnataka, and Madhya Pradesh. With such a steady stream of orders, we believe our revenue will increase significantly. Also, we continue with our efforts to monetize noncore assets and have reduced debt by more than Rs 5,000 million in FY23 and we expect to continue further reduction in overall debt going forward.” Result PDF