Patel Engineering Limited — Board Meeting, 13-05-2025: Outcome of Board Meeting

Patel Engineering has announced a board meeting on May 13, 2025, approving its audited consolidated financial results for the quarter and year ended March 31, 2025. Consolidated revenue increased to Rs 5,093 Cr from Rs 4,544 Cr a year ago. However, PAT declined to Rs 248 Cr from Rs 302 Cr, hit by a Rs 152 Cr exceptional charge for impairments and write-offs. Civil construction drives over 97% of revenue. Net debt remains at Rs 1,615 Cr. Mr. Rajnish Ved joins senior management to lead Insurance. The audit report confirmed clean financials.