Patel Engineering Limited has reported a 21.60% increase in net profit for the financial year 2026, reaching ₹294.50 crore compared to ₹242.17 crore in the previous year. The company’s revenue for FY26 stood at ₹5,102.74 crore, slightly up from ₹5,093.36 crore in FY25.
For the fourth quarter of FY26, the company achieved a revenue from operations of ₹1,421.48 crore. The operating EBITDA for the quarter was ₹215.23 crore, reflecting a margin of 15.14%. The net profit for Q4 FY26 saw a significant increase of 117.96%, amounting to ₹71.49 crore compared to ₹32.80 crore in Q4 FY25.
The order book as of 31st March 2026 was robust at ₹15,119 crore, with new project orders amounting to approximately ₹4,400 crore. Patel Engineering also declared L1 for projects worth around ₹1,660 crore and signed a Memorandum of Understanding for the 144 MW Gongri Hydropower project valued at approximately ₹1,700 crore.
Significant milestones were achieved during the year, including the commissioning of the 4th Unit of the Subansiri Lower HEP, adding 1,000 MW of clean energy to the national grid. The company also set a national record with 812 meters of TBM tunnelling completed in January 2026 for the CIDCO TWT–II project.
Asset monetisation efforts resulted in the realisation of approximately ₹185 crore, enhancing financial efficiency. The debt-equity ratio improved to 0.27x in FY26 from 0.43x in FY25, indicating strengthened financial stability.
Commenting on the results, Ms. Kavita Shirvaikar, Managing Director, highlighted the company’s focus on disciplined execution and operational efficiency. She noted the expanding growth pipeline and the company’s strong execution capabilities in core infrastructure segments.
Mr. Rahul Agarwal, Chief Financial Officer, emphasised the resilience of the business model and the strength of the company’s disciplined approach, which has reinforced its ability to invest confidently in future opportunities while maintaining a healthy balance sheet.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).