Mumbai, May 14: Patel Engineering Limited, a leading infrastructure and construction services company in India, has announced its audited financial results for the quarter and year ended 31st March 2026.
Q4 FY26 Consolidated Financial Performance Snapshot (Y-o-Y)
- Revenue from Operations of ₹1,421.48 Crore
- Operating EBITDA stood at ₹215.23 Crore, with a margin of 15.14%
- Net Profit was ₹71.49 Crore vs ₹32.80 Crore in Q4 FY25, an increase of 117.96%
FY26 Consolidated Financial Performance Snapshot (Y-o-Y)
- Revenue from Operations reached ₹5,102.74 Crore
- Operating EBITDA was ₹684.03 Crore with a margin of 13.41%
- Net Profit stood at ₹294.50 Crore vs ₹242.17 Crore in FY25, an increase of 21.60%
- Net Profit Margin at 5.77% vs 4.75% in FY25
Key Highlights:
- Robust FY26 order inflow – The company received new project orders of approximately ₹4,400 Crore, reinforcing its strong growth trajectory.
- Expanding growth pipeline – Declared L1 for projects worth ~₹1,660 Crore and MoU signed for the 144 MW Gongri Hydropower project valued at ~₹1,700 Crore, highlighting momentum in clean energy development.
- Subansiri Lower HEP milestone – The commissioning of the 4th Unit added 1,000 MW of clean energy to the national grid, marking a significant leap in sustainable power generation. Civil works up to unit 6 have been completed.
- CIDCO TWT–II achievement – A national record was set with 812 meters of TBM tunnelling completed in January 2026, followed by a breakthrough after 6.2 km of tunnelling works, underscoring engineering excellence.
- Asset monetization – Realization of approximately ₹185 Crore achieved through monetizing non-core assets, strengthening financial efficiency.
- Improved debt-equity ratio – The company’s debt-equity ratio improved to 0.27x in FY26 from 0.43x as of FY25.
Commenting on the results, Ms. Kavita Shirvaikar, MD said: “The Q4 and FY26 performance reflects our continued focus on disciplined execution, and operational efficiency. During the year, we maintained steady progress across our project portfolio while strengthening our position in core infrastructure segments. Our well diversified order book, expanding footprint in neighbouring countries and strong execution capabilities continue to provide long-term revenue visibility.
We continue to see encouraging opportunities emerging across hydropower, tunnelling, irrigation, transportation, and urban infrastructure segments, supported by the government’s sustained focus on infrastructure development. Our emphasis remains on timely project delivery, prudent financial management, and creating long-term value for all stakeholders.”
Commenting on the results, Mr. Rahul Agarwal, CFO said: “Our financial results this year underscore the resilience of our business model and the strength of our disciplined approach. Strong profitability has reinforced our ability to invest confidently in future opportunities while maintaining a healthy balance sheet. With an improving debt-equity ratio, we have further strengthened our capital structure and are ensuring long-term financial sustainability. We remain committed to responsible growth, delivering consistent value to stakeholders, and contributing positively to the broader economy.”
