Patel Engineering Q3FY26 Revenue Rs. 1,239 Cr; Order Book Rs. 15,123 Cr

Patel Engineering Limited has announced its limited reviewed financial results for the quarter and nine months ended December 31, 2025. The company reported a consolidated revenue from operations for Q3FY26 of ₹1,239 Cr, a growth of 2.81% year-on-year compared to ₹1,206 Cr in Q3FY25. Consolidated Operating EBITDA for Q3FY26 stood at ₹145 Cr, representing a margin of 11.68%. The Q3FY26 Consolidated Net Profit was ₹71 Cr, with a margin of 5.69%. For the nine months ended FY26, the consolidated net profit stands at ₹223 Cr. The company also signed a Memorandum of Agreement (MoA) with the Government of Arunachal Pradesh to develop the 144 MW Gongri Hydropower project in West Kameng. This project, valued at approximately ₹1,700 Cr, will be developed on a BOOT basis with a 40-year lease and an estimated implementation timeline of around four years. Additionally, Patel Engineering successfully completed a rights issue, raising approximately ₹400 Cr, which enhances its financial flexibility for project execution and future growth. The company's order book as of December 31, 2025, stands at ₹15,123 Cr. Ms. Kavita Shirvaikar, MD, commented that the Q3FY26 results reflect improving financial performance and a disciplined approach to achieving top-line growth while maintaining sustainable profitability. She highlighted the successful TBM breakthrough at the CIDCO TWT-II project, setting a national record by completing 812 meters of tunneling in January 2026, ahead of schedule. Mr. Rahul Agrawal, CFO, noted the steady performance supported by stable operations and disciplined execution, and the successful rights issue strengthening the balance sheet. He emphasized the commitment to hydropower development with the MoA for the Gongri Hydroelectric Project.