Transcript of Investor/Analyst meet held on May 14, 2026

Patel Engineering reported FY26 revenue of INR 5,103 crore (flat vs FY25) with EBITDA margin of 13.41% and PAT of INR 294 crore (up 21%). The company secured new orders worth INR 4,400 crore during the year, taking the order book to INR 15,119 crore as of March 2026 (63% hydropower, 16% irrigation, 5% tunnelling, 10% urban infra). Management guided for 10% revenue growth in FY27 and expects ~INR 8,000 crore of new order inflows. Gross debt was significantly reduced by INR 458 crore to INR 1,187 crore, with debt-to-equity improving to 0.27 from 0.43. The company disclosed a strong project pipeline: INR 6,000 crore tenders under evaluation, INR 20,000 crore identified for near-term pursuit, and INR 40,000 crore expected to come up for bidding in the next year. Non-core asset monetization of INR 185 crore was achieved (INR 135 crore land + INR 50 crore arbitration awards), with similar INR 150-200 crore target for FY27.