Patel Engineering Limited has informed the Exchange about Transcript
PATELENG · price
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Patel Engineering reported Q1 FY26 consolidated revenue of INR1,233 crores, up 12% year-on-year, with net profit rising 56% to INR75 crores and operating EBITDA margin at 13.4%. The company received fresh orders worth around INR2,250 crores in Q1 (HEO hydropower, Kondhane Dam, Nira Deoghar) plus a post-quarter LoA for Teesta V at INR240 crores, taking the order book to INR16,285 crores as of June 30, 2025 (book-to-bill of ~3.3x). Management highlighted a bidding pipeline of INR40,000–50,000 crores, with INR11,000 crores of bids already submitted, and set an order book target of INR20,000–25,000 crores by FY26 end. Total debt fell to INR1,527 crores (from INR1,603 crores in March 2025), finance costs dropped to INR73 crores, and the credit rating was upgraded to A-; CFO guided to reduce debt by INR150–200 crores this year.
Strong Q1 results, improving balance sheet, rating upgrade, and a large visible bidding pipeline are positive signals for shareholders, though the company maintained a conservative 5–10% full-year revenue growth guidance and capped EBITDA margins at 13–14%, limiting near-term re-rating potential.