Patel Engineering reported a robust FY26 performance with annual revenue reaching ₹5,103 crore. The company secured ₹4,400 crore in new orders throughout the year, significantly strengthening its order book to ₹15,119 crore. With a focus on disciplined execution and debt reduction, management anticipates a 10% revenue growth for FY27. The company continues to leverage its expertise in hydropower and complex infrastructure projects to capture emerging opportunities in the Indian market.
Financial Performance Overview
For the full year FY26, Patel Engineering achieved consolidated revenue of ₹5,102 crore, with a profit after tax of ₹294 crore, representing a 21% increase over the previous year. For the Q4 (Jan-Mar) period, the company recorded consolidated revenue of ₹1,421 crore and a profit after tax of ₹71.5 crore. The operating EBITDA margin for the full year stood at 13.41%.
Strategic Order Book Expansion
The company enters FY27 with a strong order book of ₹15,119 crore. The portfolio is well-diversified, with hydropower accounting for 63% of the total, followed by irrigation at 16%, urban infrastructure at 10%, tunnelling at 5%, and roads/others at 6%. Management has identified a robust pipeline of future opportunities, including ₹6,000 crore of tenders currently under evaluation and an immediate identified pipeline of ₹20,000 crore.
Operational Milestones and Debt Management
FY26 saw significant operational progress, highlighted by the Subansiri Lower Hydroelectric Project and a national benchmark achievement at the CIDCO Treated Water Tunnel, where the company recorded a tunnelling progress of 812 meters in a single month. On the balance sheet front, the company successfully reduced its consolidated gross debt by ₹458 crore compared to FY25, bringing the total to ₹1,187 crore. This was supported by asset monetization and a rights issue.
Future Outlook
Looking ahead, the company is highly optimistic about India’s infrastructure growth, supported by record government capital expenditure. Key growth drivers include high-speed rail corridors, metro expansions, and the National River Linking Program. With a target of achieving ₹8,000 crore in new orders during FY27 and an expected 10% revenue growth, Patel Engineering remains committed to operational excellence and sustainable development.
Source: BSE
