Patel Engineering Announces Robust Q1 FY26 Performance with Strong Order Book of ₹16,285 Cr

Patel Engineering Limited, a leading infrastructure and construction services company in India, has announced its limited reviewed financial results for the quarter ended 30th June 2025. The consolidated revenue from operations for Q1 FY26 stood at ₹1,233 crore, up 11.96% year-on-year (YoY) from ₹1,102 crore in Q1 FY25. Consolidated operating EBITDA for Q1 FY26 was ₹165 crore, with a margin of 13.40%. Net profit rose sharply by 55.89% YoY to ₹75 crore, representing a margin of 6.09%, compared to ₹48 crore (4.37% margin) in Q1 FY25.

Earnings per share (EPS) improved to ₹0.92 in Q1 FY26 from ₹0.65 in Q1 FY25, reflecting enhanced profitability and operational efficiency. Total debt decreased from ₹1,603 crore as of 31st March 2025 to ₹1,527 crore as of 30th June 2025.

Other Key Highlights for the Quarter:

Letter of Award (LOA) received for an Urban Infrastructure Project worth ₹1,319 crore from the City & Industrial Development Corporation of Maharashtra Limited (CIDCO).
LOA received for a Hydro Power Project worth ₹711 crore from North Eastern Electric Power Corporation Limited (NEEPCO).
LOA received for an irrigation project valued at ₹958 crore from Maharashtra Krishna Valley Development Corporation, executed in joint venture with Patel Engineering’s share at ₹192 crore.
Post Q1 FY26, in July 2025, an LOA was received for a Hydro Power Project worth ₹240 crore from the National Hydroelectric Power Corporation (NHPC).

Commenting on the results, Kavita Shirvaikar, Managing Director, said: “Our Q1 FY26 performance illustrates Patel Engineering’s ability to drive consistent growth while enhancing operational efficiency. With a proven track record of executing over 350 projects, including marquee assignments, our matured execution capabilities have significantly contributed to this strong financial performance. Benefiting from sectoral tailwinds and a favorable macroeconomic environment, we secured orders worth approximately ₹2,250 crore during the quarter, closing with a robust order book of ₹16,285 crore as of 30th June 2025. Looking ahead, we remain optimistic due to the government’s continued emphasis on renewable energy and carbon reduction, reinforcing our positive outlook for the sector. We are confident that our execution strength and sector tailwinds will enable sustainable growth and long-term value creation for all stakeholders.”

Rahul Agrawal, CFO, added: “Our Q1 FY26 results reflect strong financial discipline, with significant improvements in revenue and net profit driven by rigorous cost management and prudent debt control. The EPS increased substantially from ₹0.65 in Q1 FY25 to ₹0.92 in Q1 FY26. Moving forward, we are focused on disciplined capital allocation, financial rigor, and aligning our investments with long-term shareholder value creation. Our resilient financial foundation and solid order pipeline provide confidence and capacity to support the next phase of operational expansion and sustainable growth.”