Construction & Engineering company Patel Engineering announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: Q4FY26: Stood at Rs 14,214.75 million, representing a QoQ growth of 14.69% compared to Rs 12,393.53 million in Q3FY26, and a YoY decline of 11.81% against Rs 16,118.59 million in Q4FY25. FY26: Recorded at Rs 51,027.42 million, marking a slight YoY growth of 0.18% from Rs 50,933.59 million in FY25. Total Income: Q4FY26: Stood at Rs 14,560.42 million, registering a QoQ increase of 14.76% from Rs 12,688.22 million in Q3FY26, and a YoY decline of 11.07% compared to Rs 16,372.83 million in Q4FY25. FY26: Reported at Rs 52,685.04 million, showing a marginal YoY growth of 0.17% compared to Rs 52,596.24 million in FY25. Net Profit After Tax: Q4FY26: Recorded at Rs 436.25 million, demonstrating a QoQ decline of 39.04% from Rs 715.66 million in Q3FY26, and a YoY increase of 14.31% against Rs 381.65 million in Q4FY25. FY26: Stood at Rs 2,691.65 million, registering a YoY growth of 8.60% compared to Rs 2,478.52 million in FY25. Standalone Financial Highlights: Revenue from Operations: Q4FY26: Stood at Rs 14,137.76 million, achieving a QoQ growth of 14.89% from Rs 12,305.29 million in Q3FY26, and a YoY decline of 10.74% compared to Rs 15,838.13 million in Q4FY25. FY26: Reported at Rs 50,665.64 million, up by 1.18% YoY from Rs 50,076.45 million in FY25. Total Income: Q4FY26: Stood at Rs 14,441.47 million, an increase of 14.64% QoQ from Rs 12,597.50 million in Q3FY26, and a YoY decline of 10.13% from Rs 16,068.65 million in Q4FY25. FY26: Recorded at Rs 52,202.11 million, flat with a minor YoY growth of 0.08% compared to Rs 52,162.07 million in FY25. Net Profit After Tax: Q4FY26: Reached Rs 683.80 million, a QoQ decrease of 23.02% from Rs 888.28 million in Q3FY26, but a substantial YoY jump of 74.80% compared to Rs 391.19 million in Q4FY25. FY26: Stood at Rs 2,849.60 million, marking an 8.68% YoY growth against Rs 2,622.10 million in FY25. Business Highlights: Segment-wise Performance: Civil Construction: Remains the core segment. For Q4FY26, revenue stood at Rs 14,205.50 million (up 14.73% QoQ from Rs 12,381.65 million, down 10.55% YoY from Rs 15,880.77 million). For FY26, annual revenue was Rs 50,984.53 million, up from Rs 50,371.86 million in FY25. Real Estate: Recorded Q4FY26 revenue of Rs 9.25 million. The annual revenue for FY26 dropped significantly to Rs 42.89 million from Rs 561.73 million in FY25. Stake Sale in Associate Company: The Board approved the proposal for the sale of the Company's entire stake (84,95,040 equity shares of face value Rs 100) in ACP Tollways Pvt Ltd. The agreed consideration for the sale is Rs 55 crore, with an expected completion date before the end of March 31, 2027. Exceptional Items & Regulatory Impacts: The company recorded an exceptional item impact of Rs 57.77 million for FY26, driven by incremental accounting impacts from the four new Labour codes notified by the Government of India. Additionally, Q4FY26 exceptional items (net Rs 880.17 million consolidated / Rs 435.31 million standalone) included provisions for impairment of investments, write-offs of loans/advances given to subsidiaries, and an increase in compensation due to exchange rate fluctuations. Credit Rating & Asset Cover: The Company continues to maintain a 100% asset cover for its secured non-convertible debentures. The credit rating for the Company's debt stands at "A- (stable)". Kavita Shirvaikar, MD, said: “The Q4 and FY26 performance reflects our continued focus on disciplined execution, and operational efficiency. During the year, we maintained steady progress across our project por?olio while strengthening our position in core infrastructure segments. Our well diversified order book, expanding footprint in neighbouring countries and strong execution capabilities continue to provide long-term revenue visibility. We continue to see encouraging opportunities emerging across hydropower, tunnelling, irrigation, transportation, and urban infrastructure segments, supported by the government’s sustained focus on infrastructure development. Our emphasis remains on timely project delivery, prudent financial management, and creating long-term value for all stakeholders.” Rahul Agarwal, CFO, said: "Our financial results this year underscore the resilience of our business model and the strength of our disciplined approach. Strong profitability has reinforced our ability to invest confidently in future opportunities while maintaining a healthy balance sheet. With an improving debt-equity ratio, we have further strengthened our capital structure and are ensuring long-term financial sustainability. We remain commi?ed to responsible growth, delivering consistent value to stakeholders, and contributing positively to the broader economy." Result PDF
Construction & Engineering company Patel Engineering announced Q3FY26 results Consolidated Revenue from operations for Q3FY26 stood at Rs 1,239 crore as against Rs 1,206 crore in Q3FY25, a growth of 2.81% on a YoY basis. Consolidated Operating EBITDA for Q3FY26 at Rs 145 crore, a margin of 11.68%. Q3FY26 Consolidated Net Profit stood at Rs 71 crore, a margin of 5.69% and total for 9MFY26 stands at Rs 223 crore. MoA signed with the Government of Arunachal Pradesh to develop the 144 MW Gongri Hydropower project in West Kameng. The project valued at ~ Rs 1700 crore will be developed on a BOOT basis with a 40-year lease and an estimated implementation timeline of around four years. Successful completion of a rights issue, raising ~ Rs 400 crore, reflecting strong shareholder confidence and providing additional financial flexibility to support project execution and future growth initiatives. Kavita Shirvaikar, MD, said: The Q3FY26 results reflect improving financial performance and our disciplined approach towards achieving top-line growth, while maintaining sustainable profitability. We have maintained steady progress across ongoing projects, reaffirming our reputation for exceptional execution. A key highlight of our execution capabilities was the recent successful TBM breakthrough at our CIDCO TWT-II project site—achieved more than four months ahead of schedule. This milestone not only set a new benchmark in efficiency but also established a National Record by completing 812 meters of tunneling in January 2026 alone. During the quarter, we secured projects related to excavation works which is a natural extension of the large-scale infrastructure works we undertake. We believe such projects provide additional diversification and open new avenues for our growth. Our well-diversified order book of Rs 15,123 crore at the end of the quarter continues to support topline visibility. Operational efficiency and disciplined project execution remain the key focus areas as we advanced work across multiple sites. With the government’s ongoing emphasis on infrastructure development and renewable energy, we believe the company is well placed to participate in emerging opportunities in a measured and responsible manner. Rahul Agrawal, CFO, said: “We reported a steady performance in Q3FY26, supported by stable operations and our continued focus on disciplined execution. During the quarter, the company also raised ~ Rs 400 crore through a rights issue, reflecting the underlying strength of our fundamentals and the confidence of our stakeholders. This capital infusion strengthened our balance sheet and should support future strategic growth initiatives. We have also taken the next leap in our commitment to the development of hydropower and sustainable development, with our MoA with the Arunachal Pradesh Govt. for complete development of the 144 MW Gongri Hydroelectric Project. We remain committed to measured, sustainable growth while maintaining a balanced and responsible approach to value creation.” Result PDF