Patel Engineering Q3 FY'26: Revenue ₹1,239 Cr, PAT ₹71 Cr; Orders Pipeline ₹50K Cr
Patel Engineering reported Q3 FY'26 consolidated revenue of ₹1,239 Cr and PAT of ₹71 Cr. For 9 months FY'26, revenue was ₹3,681 Cr and PAT ₹223 Cr. The order book stands at ₹15,123 Cr, with a future pipeline of over ₹50,000 Cr. Total debt reduced to ₹1,433 Cr. The company expects FY'27 revenue growth of 10% with margins around 13%.
The announcement details financial performance, future growth prospects, and debt management, which are material to investors.
The company reported positive financial results, a strong order pipeline, and debt reduction, indicating a positive outlook.
Patel Engineering Limited has submitted the transcripts of its Investor Conference Call held on February 16, 2026, to discuss the financial results for the quarter and nine months ended December 31, 2025. The company reported consolidated revenue of ₹1,239 crores and Profit After Tax (PAT) of ₹71 crores for Q3 FY'26. For the nine months ended December 31, 2025, consolidated revenue stood at ₹3,681 crores, an increase of 5.7%, with PAT at ₹223 crores.
The company highlighted a strong industry outlook driven by the government's focus on infrastructure, with increased capital expenditure in the Union Budget 2026. Hydropower and pump storage projects are key priorities, aligning with India's clean energy targets. Patel Engineering achieved several operational milestones, including the commissioning of units at the Subansiri Hydropower Project and breakthroughs in tunneling projects.
Financially, the company secured a MOA for the 144 MW Gongri Hydropower Project, monetized non-core assets realizing approximately ₹185 crores, and completed a ₹400 crore rights issue primarily for debt reduction. The order book as of December 31, 2025, was ₹15,123 crores, with bids worth approximately ₹12,000 crores under evaluation and a pipeline of over ₹50,000 crores for the next year. The company expects to secure ₹8,000 to ₹10,000 crores of new orders in the coming year.
Total debt as of December 31, 2025, reduced to ₹1,433 crores from ₹1,603 crores in March 2025. Debt to equity stands at 0.33x. Management expressed confidence in maintaining operating discipline and improving efficiency, with an expected revenue growth of around 10% for FY'27 and margins around 13%.
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