Mumbai: Patel Engineering Limited, a leading infrastructure and construction services company, reported resilient financial performance for Q2 and H1 FY2026, supported by disciplined execution and strong order inflows despite operational headwinds from prolonged monsoons.
For Q2 FY2026, consolidated revenue from operations stood at ₹1,208 crore, up 2.91% year-on-year. Operating EBITDA reached ₹159 crore, reflecting a margin of 13.13%, while net profit for the quarter came in at ₹77 crore. For the half-year ended September 30, 2025, revenue rose 7.29% YoY to ₹2,442 crore, with operating EBITDA at ₹324 crore and net profit at ₹152 crore, marking an 18.22% YoY increase.
Managing Director Kavita Shirvaikar said, “We are pleased to report another quarter of consistent and resilient performance, marked by growth in revenues despite the operational challenges posed by prolonged monsoons across several project sites. This outcome underscores our unwavering commitment to operational excellence, disciplined project execution, and prudent financial management.”
Strategic Highlights
- Robust Order Book: As of September 30, 2025, the company’s consolidated order book stood at ₹15,146 crore, offering strong visibility and diversification across hydropower, irrigation, and transportation segments.
- New Orders: Patel Engineering received a Letter of Award worth ₹240 crore from NHPC Limited for civil and hydro-mechanical works at the Teesta-V power station in Sikkim. Total new orders in H1 FY26 amounted to approximately ₹2,500 crore.
- Capital Market Access: The company successfully raised ₹90 crore through rated, senior secured Non-Convertible Debentures via private placement, reinforcing its financial strength and capital market credibility.
CFO Rahul Agrawal added, “This performance is a direct result of our focus on revenue growth, cost optimization, and strategic capital allocation. We continue to maintain a balanced and cautious approach to managing costs, optimizing cash flows, and deploying capital efficiently.”
Business Overview
Established in 1949, Patel Engineering has evolved into a specialized construction firm with expertise in hydropower, irrigation, and heavy civil engineering. The company has executed complex infrastructure projects including dams, tunnels, bridges, roads, and urban water systems, with a strong presence in underground works for hydroelectric and transportation projects.
Outlook
Patel Engineering remains strategically positioned to capitalize on India’s infrastructure momentum. The company’s forward-looking strategy focuses on:
- Enhancing execution efficiencies across project sites,
- Expanding its footprint in high-growth segments,
- Strengthening financial discipline and capital deployment,
- Creating long-term stakeholder value through integrated project delivery.
With a diversified portfolio and strong order pipeline, the company expects continued growth and reinforced leadership in the infrastructure sector.
