Patel Engineering Q2 net up 20% at Rs43 crore
Patel Engineering Q2 net up 20% at Rs43 crore
Mumbai: Construction firm Patel Engineering today announced a consolidated net profit of Rs42.58 crore for the second quarter ended 30 September, up 19.84% over the corresponding period a year-ago.
The company had a consolidated net profit of Rs35.53 crore in the same quarter in 2007, Patel Engineering Ltd said in a filing to the Bombay Stock Exchange.
The consolidated net sales of the company rose to Rs441.81 crore for the quarter under review from Rs338.77 crore in the year-ago period.
For the six month ended 30 September, 2008, the company posted a consolidated net profit of ₹ 7.57 crore, against ₹ 62.57 crore a year ago, up 23.97%.
On a standalone basis, the company posted a net profit of Rs33.49 crore in the September quarter as against Rs32.44 crore during the same period last fiscal.
The standalone net income of the engineering firm rose to ₹ 309.18 crore in the Q2 of the current financial year from ₹ 235.77 crore over the same period previous fiscal.
Shares of the company were trading at Rs170.90, down 3.66% in the afternoon trade on the BSE.
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