Patel Engineering Ltd. has announced its audited financial results for the year ended March 31, 2026. The company reported a net profit of ₹2,849.60 million for the year. Additionally, the Board has approved the sale of its entire stake in ACP Tollways Pvt Ltd for ₹55 crore, a strategic move expected to be completed by March 2027. This decision reflects the company’s focus on optimizing its portfolio and strengthening its balance sheet.
Annual Financial Highlights
For the financial year ended March 31, 2026, Patel Engineering reported a strong performance with revenue from operations reaching ₹50,665.64 million. The company achieved a net profit of ₹2,849.60 million, demonstrating consistent growth compared to the previous fiscal year. Total comprehensive income for the year stood at ₹3,194.17 million, reflecting positive momentum in its core engineering and construction operations.
Strategic Asset Divestment
In a significant strategic development, the Board of Directors has approved the sale of the company’s entire stake in its associate, ACP Tollways Pvt Ltd. The transaction involves the sale of 84,95,040 equity shares for a total consideration of ₹55 crore. This divestment is subject to customary lender approvals and is expected to be finalized before the end of March 2027. The transaction is confirmed to be an arms-length deal and is not classified as a related party transaction.
Operational Performance and Segment Insights
The company continues to demonstrate robust operational efficiency in its civil construction business. For the Q4 period (Jan-Mar 2026), civil construction revenue was reported at ₹14,137.71 million. The company maintains a healthy debt-to-equity ratio of 0.25 on a standalone basis as of March 31, 2026, and continues to maintain 100% asset cover for its outstanding non-convertible debentures, ensuring strong financial stability for stakeholders.
Source: BSE
