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