Patel Engineering Limited Continues To Deliver Strong Results, 9M FY26 Revenue Up 5.74%

Mumbai, February 18, 2026: Patel Engineering Limited has announced its limited reviewed financial results for the quarter and nine months ended 31st December, 2025.

Q3 FY26 Consolidated Financial Performance Snapshot (Y-o-Y)

• Revenue from Operations of INR 1,239 crore, reflecting a growth of 2.81%
• Operating EBITDA stood at INR 145 crore, with a margin of 11.68%
• Net Profit was INR 71 crore, translating to a margin of 5.69%
• 9M FY26 Consolidated Financial Performance Snapshot (Y-o-Y)
• Revenue from Operations reached INR 3,681 crore, registering a growth of 5.74%
• Operating EBITDA was INR 469 crore with a margin of 12.73%
• Net Profit stood at INR 223 crore, delivering a margin of 6.06%

Highlights

• Consolidated Revenue from operations for Q3 FY26 stood at INR 1,239 Cr as against INR 1,206 CrinQ3 FY25, a growth of 2.81% on a Y-o-Y basis.
• Consolidated Operating EBITDA forQ3 FY26 at INR 145 Cr, a margin of 11.68%.
• Q3 FY26 Consolidated Net Profit stood at INR 71 Cr, a margin of 5.69% and total for 9M FY26 stands at INR 223 Cr.
• MoA signed with the Government of Arunachal Pradesh to develop the 144 MW Gongri Hydropower project in West Kameng. The project valued at ~ INR 1700 Crores will be developed on a BOOT basis with a 40-year lease and an estimated implementation timeline of around four year
• Successful completion of a rights issue, raising ~ INR 400 Cr, reflecting strong shareholder confidence and providing additional financial flexibility to support project execution and future growth initiatives.

Commenting on the results, Kavita Shirvaikar, MD said “The Q3 FY26 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 ₹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.”

Commenting on the results, Rahul Agrawal, CFO said “We reported a steady performance in Q3 FY26, supported by stable operations and our continued focus on disciplined execution. During the quarter, the company also raised ~ ₹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.”