Patel Engineering Ltd. announced its Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. Standalone Profit After Tax for the nine months reached ₹2,230.92 Million. The results also included mandatory disclosures related to NCD compliance, asset cover certificates, and utilization of NCD proceeds, which confirmed 100% asset cover.
Board Meeting Outcome and Financial Results
Patel Engineering Ltd. held its Board Meeting on February 14, 2026, to consider and approve the Unaudited (Standalone and Consolidated) Financial Results for the quarter and nine months ended December 31, 2025. The Board Meeting commenced at 12 noon and concluded at 12:45 p.m.
Standalone Financial Performance Summary
For the nine months ended December 31, 2025, the Standalone results showed:
- Total Income was ₹37,760.64 Million.
- Profit Before Exceptional Items and Tax stood at ₹2,784.65 Million.
- Exceptional Items (net) were ₹740.37 Million, primarily due to non-recurring items related to the new Labour codes notified in November 2025 and provisions for claim settlements.
- Profit for the period after tax reached ₹2,165.80 Million.
- The Net Profit Margin was 5.93% for the nine months.
Consolidated Financial Performance Summary
The Consolidated results for the Group for the nine months ended December 31, 2025:
- Total Income was ₹38,124.62 Million.
- Profit Before Exceptional Items and Tax was ₹3,050.19 Million.
- The Group’s Profit for the period after tax and share in associates’ profit/loss was ₹2,255.40 Million.
- The Net Profit Margin for the Group stood at 6.13%.
Segmental Performance Highlights (Standalone)
The company’s primary segment, Civil Construction, drove performance, contributing significantly to both revenue and results before exceptional items.
For the nine months ended December 31, 2025 (before exceptional items):
- Civil Construction Segment Result was ₹3,069.66 Million.
- The Real Estate segment recorded a result of (₹285.01) Million.
NCD Compliance and Disclosure
The company confirmed compliance with regulations pertaining to its listed Non-Convertible Debentures (NCDs). Key compliance points include:
- The credit rating of the Company’s debt remains A- (stable).
- The company stated it maintains 100% asset cover based on the valuation report for the secured NCDs, and this cover is sufficient to discharge the principal amount and other dues.
- The Debt Equity Ratio (Standalone) was 0.31 as of December 31, 2025.
Utilization of NCD Proceeds
The statement detailed the utilization of proceeds from the 10.25% Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-convertible debentures raised on August 26, 2025 (Amount Raised: ₹90 Crores).
The funds utilized were:
- Repayment of Debt: ₹53.05 Crores.
- Working Capital: ₹37.16 Crores.
- Total Utilization: ₹90.20 Crores (including a temporary gain on investment of ₹0.20 crore utilized towards the object).
There was No material deviation reported regarding the utilization of issue proceeds as per Regulation 52(7) and 52(7A).
Source: BSE
