Patel Engineering Ltd. announced the outcome of its Board Meeting held on February 14, 2026, approving the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ending December 31, 2025. Key compliance disclosures related to listed NCDs, including security cover certificates and utilization of issue proceeds, were also submitted. The standalone results show a Profit for the period of ₹2,165.80 Million for the nine months, while the consolidated profit reached ₹2,255.40 Million for the same period.
Financial Results for Nine Months Ended December 31, 2025
Patel Engineering Ltd. convened its Board Meeting on February 14, 2026, to transact key business items. The primary outcome was the approval of the Unaudited Financial Results, both on a Standalone and Consolidated basis, for the quarter and nine months ended December 31, 2025.
Standalone Performance Summary
The Standalone results indicate strong operational performance across the first three quarters:
- Profit for the Period (Quarter ended 31.12.2025): ₹888.28 Million.
- Profit for the Period (Nine Months ended 31.12.2025): ₹2,165.80 Million.
- Total Income (Nine Months ended 31.12.2025): ₹37,760.64 Million.
- Net Profit Margin (Annualized): 5.93% for the nine months.
Consolidated Performance Summary
The Consolidated statement, which includes results from subsidiaries, joint operations, and associates, showed the following:
- Net Profit after tax and share in profit/(loss) in associates from continued operations (Nine Months): ₹2,255.40 Million.
- Total Comprehensive Income for the period (Nine Months): ₹2,293.20 Million.
- Operating Margin (Annualized): 12.73% for the nine months.
The company noted that quarterly results can vary due to the seasonal nature of the Engineering and Construction industry, specifically concerning accrual of cost and income recognition.
Key Compliance Filings
In compliance with relevant regulations pertaining to the company’s listed Non-Convertible Debentures (NCDs), the following documents were enclosed with the results:
- A Security Cover Certificate, confirming compliance with financial covenants as verified by the Statutory Auditor.
- A statement detailing the utilization of NCD issue proceeds, showing ₹90.20 Crore utilized against ₹90 Crore raised via a Private Placement on August 26, 2025, primarily for Repayment of Debt (₹53.05 Million) and Working Capital (₹37.16 Million). There was no material deviation reported.
Asset Cover Certification
The Statutory Auditors provided a certificate confirming that the company maintained 100% asset cover based on the valuation report for secured NCDs as of December 31, 2025. The Debt Equity Ratio was reported as 0.31 (Standalone) and 0.33 (Consolidated) as of the period end.
Segment Reporting Highlights
The Standalone Segment Reporting highlights that the primary revenue driver remains Civil Construction. For the nine months ended 31.12.2025, Civil Construction reported segment revenue of ₹36,527.74 Million, contributing ₹3,069.66 Million to the segment result (before exceptional items).
Source: BSE
