Patel Engineering Limited has informed the Exchange about Transcript
PATELENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Patel Engineering crossed a major milestone, posting Rs. 5,093 crore in FY'25 revenue (up 12%) for the first time in its history, with Q4 revenue rising 20% to Rs. 1,612 crore. Profit before tax and exceptional items grew to Rs. 477 crore from Rs. 319 crore, but reported net profit dipped to Rs. 242 crore (vs Rs. 264 crore) due to a one-time Rs. 150 crore hit from settling old claims under the 'Vivad Se Vishwas' scheme. The order book stands strong at Rs. 15,217 crore (66% hydropower, 23% irrigation), with another Rs. 2,500 crore in recent wins or L1 positions. Management guided for flat FY'26 revenue given weak FY'25 order inflows (just Rs. 550 crore due to elections), but expects 10–15% growth from FY'27 onwards as the Rs. 1 lakh crore government pipeline opens up. EBITDA margins are expected to hold in the 13–14% range.
Positive signals include the revenue milestone, debt reduction (gross debt down to Rs. 1,600 crore from Rs. 1,886 crore, debt-to-equity at 0.42), and a credit rating upgrade to A-. However, the flat FY'26 revenue guidance and one-time exceptional loss may temper near-term excitement, though the strong order pipeline and government infrastructure push offer solid long-term visibility.