Patel Engineering Limited has announced its audited financial results for the year ended March 31, 2026. The company reported a strong performance with annual revenue reaching ₹5,102.74 crore and a 21.60% year-on-year increase in net profit, which stood at ₹294.50 crore. Supported by a robust order book of ₹15,119 crore and improved operational efficiency, the company continues to focus on its core strengths in the infrastructure and hydropower sectors.
Fiscal Year 2026 Financial Highlights
For the fiscal year ended March 31, 2026, Patel Engineering achieved a steady revenue of ₹5,102.74 crore. The company’s focus on disciplined execution and operational efficiency resulted in an Operating EBITDA of ₹684.03 crore with a margin of 13.41%. Notably, the annual net profit grew by 21.60% to ₹294.50 crore, compared to ₹242.17 crore in the previous fiscal year, with net profit margins expanding from 4.75% to 5.77%.
Q4 Performance and Growth Momentum
The quarter ended March 31, 2026, marked a significant acceleration in profitability. During this period, the company reported a net profit of ₹71.49 crore, representing a substantial 117.96% increase compared to ₹32.80 crore in the corresponding quarter of the previous year. Revenue for the quarter was recorded at ₹1,421.48 crore, with an operating EBITDA margin of 15.14%.
Strategic Project Milestones
The company continues to bolster its growth pipeline with significant achievements in its key business segments:
- New Order Inflow: Secured new project orders worth approximately ₹4,400 crore during FY26.
- Expanding Pipeline: Declared L1 for projects totaling ~₹1,660 crore and signed a MoU for the 144 MW Gongri Hydropower project valued at ~₹1,700 crore.
- Operational Excellence: The commissioning of the 4th unit of the Subansiri Lower HEP added 1,000 MW of clean energy to the national grid. Additionally, a national record was set with 812 meters of TBM tunnelling completed in January 2026 at the CIDCO TWT-II project.
Strengthening the Balance Sheet
Management emphasized a commitment to long-term financial sustainability. Through the monetization of non-core assets, the company realized approximately ₹185 crore, which helped strengthen its financial position. Furthermore, the company successfully improved its debt-equity ratio, moving from 0.43x in FY25 to 0.27x as of the end of FY26.
Source: BSE
