Patel Engineering shares touched an intraday high of Rs 30.25 on the NSE Monday after the company posted strong June-quarter earnings.
Patel Engineering shares climbed on the NSE Monday, touching a day’s high of Rs 30.25, after the infrastructure company posted a healthy jump in quarterly profit. The rally came on the back of stronger margins and steady project execution.
Consolidated net profit attributable to owners rose 24.49% to Rs 93.48 crore for the quarter ended June 2026, up from Rs 75.09 crore a year earlier. Revenue also grew, though at a slower pace, up 3.83% to Rs 1,280.74 crore.
The real story here is margins. Operating EBITDA rose to Rs 179.60 crore from Rs 165.33 crore, and the EBITDA margin for the quarter came in at 14.02%. This tells us the company managed to earn more profit from each rupee of business it did, even though sales growth itself stayed modest.
Managing Director Kavita Shirvaikar credited disciplined project execution and cost control for the improved numbers. She added that the company remains focused on execution efficiency and maintaining healthy liquidity going forward.
There was good progress on the hydropower side too. The Subansiri Lower Hydropower Project touched 1,000 MW of operational capacity after Unit 4 was commissioned, and work has now begun on Unit 7. At the Kwar Hydropower Project, dam concrete work has crossed the halfway mark. The company also began construction on a new 1,125 MW hydropower project in Bhutan.
Patel Engineering’s order book stood at Rs 14,636 crore as of June 30, giving decent visibility into future revenue. The company’s credit rating was also upgraded from A- to A back in June, a sign of improving financial health. By the end of trade, the stock closed at Rs 29.60, up 3.53% for the day.
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