Rs 15,218 Crore Order Book: Penny Stock Under Rs 50 Falls 5 Per Cent on Q4FY25 & FY25 results, PAT Decreases 73 Per Cent in Q4FY25
The shares of the company saw a spurt in volume by more than 3.32 times on BSE.
On Tuesday, shares of Patel Engineering Ltd fell 5 per cent to Rs 42.39 per share with an intraday high of Rs 46.20 per share and an intraday low of Rs 41.10 per share from its previous closing of Rs 44.62 per share. The stock’s 52-week high is Rs 74.38 while its 52-week low of Rs 33.65. The shares of the company saw a spurt in volume by more than 3.32 times on BSE. The company has a market cap of over Rs 3,500 crore.
Patel Engineering Limited is a 76-year-old company established in the year 1949 and has evolved as a construction company specialising in the hydropower and irrigation segments. It is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works and have executed a variety of infrastructure projects in the technology-intensive areas like hydropower, irrigation and water supply, urban infrastructure and transportation segments especially in tunnels and underground works for hydroelectric and transportation projects primarily as civil contractors.
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Results: According to Quarterly Results, net sales increased by 20 per cent to Rs 1,612 crore while net profit decreased by 73 per cent to Rs 38 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 12 per cent to Rs 5,093 crore while net profit decreased by 14 per cent to Rs 248 crore in FY25 over FY24. The company successfully brought down its gross debt from Rs 1,886 crore in FY24 to Rs 1,603 crore in FY25.
Order book: As of March 31, 2024, the company’s order book stands at Rs 15,218 crore (Including L1 Orders). Segment-wise order book includes hydroelectric (66.20 per cent), irrigation (22.96 per cent), tunnel (7.73 per cent, road (1.91 per cent) and other (1.20 per cent).
Disclaimer: The article is for informational purposes only and not investment advice.