Patel Engineering, focusing on recent developments

Recent Project Wins: NEEPCO Hydropower Project (Arunachal Pradesh): Patel Engineering has secured a significant contract valued at Rs 711.29 crore from North Eastern Electric Power Corporation Limited (NEEPCO) for the construction of the 240 MW HEO Hydropower Project in Arunachal Pradesh under EPC (Engineering, Procurement, and Construction) mode. This project is located in the Shi Yomi district and is scheduled for completion within 44 months. (May 21, 2025) Kondhane Dam Project (Maharashtra): The company was also recently declared the lowest bidder for a Rs 1,318.89 crore contract with the City and Industrial Development Corporation of Maharashtra (CIDCO) for the construction of the Kondhane Dam. This project involves civil works for a 1209-meter-long, 83-meter-high dam using Roller Compacted Concrete Technology. (April 25, 2025) These two recent wins alone total over Rs 2,000 crore, significantly boosting Patel Engineering's order book and revenue visibility. Financial Performance (Q4 FY2024-25): Revenue Growth: Patel Engineering reported a 15.48% increase in revenue year-on-year for Q4 FY2024-25, reaching Rs 1,637.28 crore. (May 13, 2025) Net Profit Decline: Despite the revenue growth, net profit for Q4 FY2024-25 nosedived by 71.43% year-on-year to Rs 35.80 crore. This decline is attributed to higher provisions. (May 13, 2025) Order Book: As of March 31, 2025, the company has a healthy order book of Rs 15,218 crore, with an additional Rs 2,500 crore in orders further secured. (May 13, 2025) Share Price and Outlook: Recent Movement: Patel Engineering's share price saw an uptick on May 21, 2025, following the announcement of the NEEPCO contract. However, over the past year, the stock has experienced a decline.