Patel Engineering Limited — Investor Meet, 20-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Patel Engineering crossed Rs. 5,000 Cr revenue in FY’25 at Rs. 5,093 Cr (+12% YoY), with Q4 revenue up 20% YoY to Rs. 1,612 Cr. Operating EBITDA margin was around 13.5%, while PAT was Rs. 242 Cr, impacted by a Rs. 150 Cr exceptional loss. Order book stands at Rs. 15,217 Cr plus Rs. 2,500 Cr L1/LOA, largely hydropower (66%). FY’26 revenue expected stable amid subdued order inflows, with a Rs. 10,000 Cr new order target. Management sees growth from FY’27 driven by large hydropower and pumped storage opportunities. Debt reduced to Rs. 1,600 Cr, debt-equity improved to 0.42. Land monetization and selective asset sales are underway, with steady margins (13-14%) and scalable execution capacity.