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Patel Engineering reported Q3 FY26 consolidated revenue of INR 1,239 Cr and PAT of INR 71 Cr. 9M FY26 revenue rose 5.7% to INR 3,681 Cr, with PAT at INR 223 Cr. Total debt decreased to INR 1,433 Cr, helped by a INR 400 Cr rights issue.
The order book is solid at INR 15,123 Cr, with INR 12,000 Cr in bids pending. Management anticipates INR 8,000-10,000 Cr in new orders next year and 10% revenue growth for FY27. Focus is on hydropower, tunneling, and debt reduction, with a disciplined approach to project selection for profitable growth.