Q2 2025 Patel Engineering Ltd Earnings Call Transcript
Key Points
- Patel Engineering Ltd (BOM:531120) achieved a revenue growth of around 15% in Q2 FY25 compared to the previous year.
- The company's profit saw an impressive increase of over 150%, rising to INR81 crore from INR32 crore in the same period last year.
- Patel Engineering Ltd has formed strategic alliances with PSUs like RVNL and Ircon, reinforcing its longstanding relationships.
- The company commenced the final concreting of the powerhouse for the 2000 megawatt Subansiri hydroelectric project, marking significant progress.
- Patel Engineering Ltd has a robust order book of INR17,260 crore, with 64% from the hydro sector, indicating strong future prospects.
- The company faced challenges due to the unfortunate loss of its late CMD, Mr. Ruben Patel, and the impact of the monsoon season.
- Debt on a consolidated basis increased to INR1,438 crores as of September, compared to INR992 crores in the corresponding period last year.
- The net working capital days are around 112 days, indicating a relatively high working capital cycle.
- The company has a significant amount of arbitration claims and awards, totaling around INR3,500-3,400 crores, which could impact cash flow.
- There is a reliance on borrowing due to high inventory levels and delayed project completions, affecting financial flexibility.
Ladies and gentlemen, good day. And welcome to the Q2 and H1 FY25 earnings conference call of Patel Engineering Limited, hosted by Ashika Institutional Equities. As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your Touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Dhiraj Ram from Ashika Institutional Equities. Thank you and over to you, sir.
Thank you. Good evening, ladies and gentlemen, Ashika Institutional Equities. Welcome you all for to H1 F Y25 conference for Engineering Limited. This is Ram speaking today from the management team we have with us, MS Kavita Sherway managing director and Mr Mr, all other officers. Now without any further delay, I hand the call over to Ms Kavita Shirvaikar managing director for her opening remarks post
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