Patel Engineering Reports Rs 1,208 Cr Revenue in Q2 FY26, Secures Rs 2,500 Crore in New Orders

Patel Engineering Limited announced its reviewed financial results for the quarter and half year ended September 30, 2025. The company reported consolidated revenue from operations of Rs 1,208 crore in Q2 FY26, up 2.91% year-on-year from Rs 1,174 crore in Q2 FY25. Consolidated operating EBITDA stood at Rs 159 crore, reflecting a margin of 13.13%, while net profit for the quarter was Rs 77 crore, bringing the total profit for H1 FY26 to Rs 152 crore.

During the period, Patel Engineering received a Letter of Award (LOA) worth Rs 240 crore from NHPC Limited for civil and hydro-mechanical works under Package 6 of the Teesta-V Power Station in Sikkim. With this, the company’s total new orders in H1 FY26 reached approximately Rs 2,500 crore. The company also successfully raised Rs 90 crore through rated, senior secured non-convertible debentures via private placement, underscoring its strong financial health and market credibility.

Commenting on the results, Kavita Shirvaikar, MD, 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. Our ability to navigate external headwinds while delivering top-line growth reflects the strength of our business model and the dedication of our teams on the ground. The company continues to benefit from the robust infrastructure momentum across the country, which is creating a favorable environment for sustainable growth. We are strategically positioned to capitalize on emerging opportunities, supported by a strong order book and a diversified project portfolio. Looking ahead, our focus will remain on enhancing execution efficiencies, expanding our footprint, and creating long-term value for all stakeholders. We are confident that our integrated approach and forward-looking strategy will continue to drive growth and reinforce our leadership in the sector.”

Commenting on the results, Rahul Agrawal, CFO, said, “We are proud to deliver strong financial results for the quarter, driven by robust execution across our project sites and a disciplined approach to financial management. 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. These efforts have not only strengthened our financial position but also enhanced our ability to invest in future growth. Our priority is to maintain stability while pursuing opportunities that align with our long-term growth strategy.”