Patel Engineering on Thursday posted a 22.52 per cent rise in its consolidated net profit to Rs 38.3 crore during the June quarter on account of higher revenues. It had clocked Rs 31.25 crore net profit in the year-ago period, the infrastructure player said in a statement. The company's revenues increased to Rs 1,118.6 crore in the first quarter of the current fiscal from Rs 901.1 crore in the year-ago quarter, a rise of 24 per cent. ''All our business segments saw significant revenue increase this quarter. The influx of recent projects will contribute significantly towards the improvement in the company's overall financial performance,'' Rupen Patel, chairman and managing director (CMD), Pa
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