Patel Engineering`s net rises

Patel Engineering disclosed a steady growth in net profits for the quarter ending Dec. 2006. During the quarter, the company reported a 16.37% rise in profits from Rs 250.62 million to Rs 291.65 million.

Sales for the quarter rose 28.69% to Rs 2,183.63 million compared with the corresponding quarter, a year ago.Operating margins fell to 15.98% during the quarter, a fall of 108.44 basis points compared with the corresponding quarter. Net margins, on the other hand, fell from 14.38% to 13.29% during the quarter.The company`s earnings per share on a trailing twelve month basis is Rs 15.99.