Patel Engineering reports Q3 FY26 revenue of Rs 1,239 Cr

Patel Engineering Limited (PEL) reported consolidated revenue from operations of Rs 1,239 Cr in Q3 FY26, compared to Rs 1,206 Cr in Q3 FY25, reflecting a 2.81% year-over-year increase. Consolidated net profit for the quarter stood at Rs 71 Cr. As of December 31, 2025, the company’s order book was Rs 15,123 Cr.

Consolidated operating earnings before interest, tax, depreciation and amortisation (EBITDA) for Q3 FY26 were Rs 145 Cr, with a margin of 11.68%. For the nine-month period (9M FY26), revenue from operations reached Rs 3,681 Cr, up 5.74% year-over-year. Operating EBITDA during this period was Rs 469 Cr, with a margin of 12.73%. Net profit for 9M FY26 rose 6.51% year-over-year to Rs 223 Cr, with a margin of 6.06%.

During the quarter, the company signed a Memorandum of Agreement (MoA) with the Government of Arunachal Pradesh for the development of the 144 MW Gongri Hydropower project in West Kameng. The project, valued at approximately Rs 1,700 Crores, will be executed on a build-own-operate-transfer (BOOT) basis with a 40-year lease period and an estimated implementation timeline of around four years. PEL also completed a rights issue during the quarter, raising approximately Rs 400 Cr.

Managing Director Ms. Kavita Shirvaikar said the company maintained execution momentum across projects and highlighted the tunnel boring machine (TBM) breakthrough at the CIDCO TWT-II project site, achieved more than four months ahead of schedule. The company completed 812 meters of tunnelling in January 2026, setting a National Record.

Chief Financial Officer (CFO) Mr. Rahul Agrawal stated that the rights issue has strengthened the balance sheet and will support future growth plans.