Patel Engineering Limited
Patel Engineering Ltd is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works in areas like hydro, irrigation & water supply, urban infrastructure and transport.
What Patel files
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Patel Engineering reports strong quarterly results: Net Profit surged 24.49% year-on-year to 93.48 Cr, with revenue up 3.83% to 1,280.74 Cr. The order book remains robust at 14,636 Cr. Operational milestones include Subansiri reaching 1,000 MW and new project initiations. Credit rating upgraded to A.
Patel Engineering's credit ratings upgraded by Infomerics to A (long-term) and A1 (short-term), signaling strong financial health and operational excellence. This enhances market credibility and future capital access for larger projects.
Patel Engineering's Nepal JV (35% stake) has been blacklisted for three years by a Nepalese authority over a terminated project. The company clarifies this has no material financial or operational impact, as the lead partner handled execution.
Patel Engineering's Board approved selling its full stake of 84,95,040 shares in associate ACP Tollways for Rs 55 Cr. This sale, pending lender approvals, involves an investment with a carrying value of Rs 26.03 Cr.
Patel Engineering's FY26 Net Profit surged 21.60% to ₹294.50 Cr, Q4 up 117.96% to ₹71.49 Cr. Order book: ₹15,119 Cr, with ₹4,400 Cr new orders & ₹3,360 Cr pipeline. Debt-equity improved to 0.27x. Commissioned 1,000 MW Subansiri unit, set tunnelling record.