Patel Engineering Limited has shared its financial results for the second quarter and the first half of FY2027. The company reported revenues of INR 1211 crores for Q2 FY27, with a net profit increase of 7.64% to INR 83 crores. For H1 FY27, consolidated revenue stood at INR 2491 crores, and net profit grew by 15.94% to INR 177 crores. The company also highlighted a strong order book of INR 13,546 crores as of September 30, 2026, and discussed its pipeline for future projects and business development activities.
| Q2 FY27 | Q2 FY26 | H1 FY27 | H1 FY26 | |
| Revenue (Consolidated) | INR 1211 Cr | INR 1208 Cr | INR 2491 Cr | INR 2442 Cr |
| Operating EBITDA (Consolidated) | INR 150 Cr (12.42%) | INR 159 Cr (13.13%) | INR 330 Cr (13.24%) | INR 324 Cr (13.27%) |
| Net Profit After Tax (Consolidated) | INR 83 Cr | INR 77 Cr | INR 177 Cr | INR 152 Cr |
| Net Profit Growth | 7.64% | 15.94% |
Financial Performance Overview
Patel Engineering Limited has reported its financial results for the second quarter (Q2) and the first half (H1) of the financial year 2027 (FY27). On a consolidated basis, the company’s revenue for Q2 FY27 stood at INR 1211 crores, a slight increase from INR 1208 crores in Q2 FY26. The operating EBITDA for the quarter was INR 150 crores, with a margin of 12.42%, compared to 13.13% in the previous year. Net profit after tax saw a growth of 7.64%, reaching INR 83 crores, up from INR 77 crores in Q2 FY26.
For the first half of FY27, consolidated revenue amounted to INR 2491 crores, marginally higher than INR 2442 crores in H1 FY26. The operating EBITDA for H1 FY27 was INR 330 crores with a margin of 13.24%, compared to INR 324 crores at 13.27% in the corresponding period last year. The net profit after tax for H1 FY27 significantly increased by 15.94% to INR 177 crores, up from INR 152 crores in H1 FY26.
Order Book and Business Development
As of September 30, 2026, Patel Engineering’s order book stood strong at INR 13,546 crores, providing robust revenue visibility for the upcoming quarters. The order book is diversified across specialized infrastructure segments, with Hydropower accounting for 64%, Irrigation 14%, Tunnelling 4%, and Roads, Urban Infrastructure, and other segments making up the remaining 18%.
The company has been actively engaged in business development, having submitted bids aggregating approximately INR 30,000 crores for significant hydropower and infrastructure projects. Key projects in the pipeline include the 1125 MW Dorjilung Hydropower Project, THDC’s 1200 MW Kalai-II Hydropower Project, NHPC’s 1720 MW Kamala Hydropower Project, and the 1856 MW Sawalkote Hydropower Project. Additionally, Patel Engineering is exploring opportunities in the emerging private pumped storage projects segment.
Looking ahead, the company anticipates another INR 50,000 crores worth of projects coming up for bidding over the next 12 months. These opportunities span road and tunnel projects, railway infrastructure, pumped storage projects, and various hydropower projects, positioning the company well for future growth in the infrastructure development sector.
Project Execution and Milestones
During Q2 FY27, the company achieved several key milestones across its projects. Notably, Unit 5 of the Subansiri project achieved wet commissioning and integration with the National Grid, bringing five out of eight units operational and supplying 1250 MW of power. The Kwar project in J&K made good progress with dam concreting reaching over 4 lakh cubic meters, and work commencing on the draft tube structure. The Kiru project in J&K also saw significant progress with dam concreting nearing completion and powerhouse slab concreting up to the service floor for all four units.
A major engineering achievement was the breakthrough of India’s longest irrigation tunnel, approximately 12 kilometers long, at the Sleemanabad irrigation project in Madhya Pradesh. This project, once operational, is expected to benefit approximately 2.45 lakh hectares of farmland.
Monetization of Non-Core Assets
Patel Engineering continued its strategy of unlocking value from non-core assets. During the quarter, the company divested its entire 32% stake in ACP Tollways Private Limited for INR 55 crores. This, along with a land parcel sale in the previous quarter (INR 26 crores), resulted in a total realization of INR 81 crores from non-core asset monetization during H1 FY27.
Source: BSE
