Patel Engineering Ltd

Patel Engineering Limited announced the successful transfer of 84,95,040 equity shares, representing 32% of the issued and paid-up equity share capital, of its associate company ACP Tollways Private Limited to APCO Infratech Private Limited and Others for a consideration of Rs 55 crore, completing the disinvestment process initiated May 14, 2026. According to a regulatory filing, ACP’s turnover was nil, its net worth as of March 31, 2026, was Rs 26.02 crore, and its loss was Rs 12.73 crore, representing 0.59% and -4.32% respectively of Patel Engineering’s consolidated figures.

Patel Engineering Limited informed the Bombay Stock Exchange and the National Stock Exchange that there was no deviation in the utilisation of proceeds from its rights issue dated December 22, 2025, during the quarter ended June 30, 2026, according to a filing on August 10, 2026. The company transferred Rs 21.55 million from its escrow account to a monitoring account for general corporate purposes, adjusting excess issue expenses against that allocation.

Patel Engineering Ltd share price softened by 0.69% to Rs 28.6 after the company's net profit saw a strong growth of 188.46% to Rs 91.99 crore, while revenue from operations eased by 9.90% to Rs 1280.74 crore in Q2FY26 over Q1FY26. The market capitalization of Civil Construction industry group stocks on BSE stood at Rs 9.23 lakh crore, slipping 6.93%. It has marginally improved by 0.50% over last one week and moved up slightly by 1.80% in last one month while the market capitalization of Patel Engineering Ltd has slipped by 0.93% and 6.84% in the same period respectively. Profit before tax (PBT) of Patel Engineering Ltd stood at Rs 116.78 crore in Q2 FY26, heading higher 10.85% year-on-year, and rallying 106.14% quarter-on-quarter. EBITDA came in at Rs 154 crore, expanding by 21.57% YoY and dropping 14.67% sequentially. Total expenses marginally dropped 8.47% to Rs 1127.59 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 347.18 crore, slightly declining by 8.60% YoY, while employee benefits expense was at Rs 107.7 crore, dipping slightly 2.68% YoY. For the TTM ended FY26, revenue from operations advanced 12.09% to Rs 5093.36 crore, while net profit tumbled by 21.70% to Rs 236.16 crore, compared to previous TTM. EBITDA surged by 60256% to Rs 566.92 crore, and PBT dropped 19.61% to Rs 325.67 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 363.39 crore in FY26, as against Rs 687.83 crore in FY25. Patel Engineering Ltd crashed 18.05% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.63% during the same period.

Patel Engineering Ltd. will hold a board meeting on August 10, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, the company said in a filing to the BSE Limited and the National Stock Exchange of India Limited.

Patel Engineering's share in the contract stands at Rs 64.45 crore, representing a 51% stake in the joint venture. The project involves the construction of an irrigation and water distribution system covering a command area of 2,277 hectares across six villages in Satara district. The scope of work includes headworks, pump houses, switchyards, rising mains, delivery chambers, pumping machinery, and associated civil, mechanical and electrical works, along with a closed pipe distribution network. The project is scheduled to be completed within 48 months. Patel Engineering is an infrastructure company with expertise in hydropower, irrigation and tunnelling projects. The company has executed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling works across domestic and international markets. The company's consolidated net profit fell 8% to Rs 31.89 crore on 11.81% decline in revenue from operations to Rs 1,421.47 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

Patel Engineering has received upgrade in credit ratings from Patel Engineering to 'IVR A; Stable / IVR A1'.

Net profit of Patel Engineering rose 15.95% to Rs 41.51 crore in the quarter ended March 2026 as against Rs 35.80 crore during the previous quarter ended March 2025. Sales declined 11.81% to Rs 1421.48 crore in the quarter ended March 2026 as against Rs 1611.86 crore during the previous quarter ended March 2025. For the full year,net profit rose 7.69% to Rs 260.73 crore in the year ended March 2026 as against Rs 242.11 crore during the previous year ended March 2025. Sales rose 0.18% to Rs 5102.74 crore in the year ended March 2026 as against Rs 5093.36 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1421.481611.86 -12 5102.745093.36 0 OPM %15.1413.55 -13.4114.40 - PBDT170.42164.92 3 553.35577.04 -4 PBT144.67138.98 4 449.68477.25 -6 NP41.5135.80 16 260.73242.11 8 Powered by Capital Market - Live

Patel Engineering will hold a meeting of the Board of Directors of the Company on 14 May 2026.

In an exchange filing, the company said the order has been awarded by SJVN Lower Arun Power Development Company, a subsidiary of SJVN, for Package 2 of the 669 MW project located in the Sankhuwasabha district. The project, to be executed over 54 months, involves critical civil and hydro-mechanical works, including the construction of tunnels, surge shafts, pressure shafts, powerhouse infrastructure, and associated systems. The scope covers key components such as head race tunnels, access adits, pressure shafts, butterfly valve chambers, along with the installation of steel liners and other supporting infrastructure required for efficient water conveyance and power generation. Commenting on the development, managing director Kavita Shirvairkar said, 'We are pleased to begin Q1 FY27 on a positive note, having been declared L1 for this important order of approximately Rs 1600 crore. Nepal holds immense hydroelectric potential, and the Lower Arun project is a significant step toward harnessing that energy for sustainable growth. For Patel Engineering Ltd., this award is not just about building infrastructure'it is about contributing to Nepal's vision of energy independence and regional prosperity. With our ongoing work at the Arun-3 Hydropower project, just about 35 km away from the Lower Arun site, and our proven track record across India, we are committed to bringing world-class engineering and timely execution to Lower Arun, ensuring it becomes a benchmark for development in the region.' Patel Engineering operates in the hydropower, tunneling, and irrigation segments. The company has executed projects in India and overseas, including more than 85 dams, 40 hydroelectric projects, and over 300 km of tunneling for central PSUs and state government agencies. The company's consolidated net profit declined 11.8% to Rs 70.35 crore despite a 2.8% increase in net sales to Rs 1,239.35 crore in Q3 FY26 over Q3 FY25.

Patel Engineering announce that it has been declared as Lowest Bidder (L1) by SJVN Lower Arun Power Development Company (P) (SLPDC), a wholly owned subsidiary of SJVN, for the Lower Arun Hydro-Electric Project (669 MW) Package 2 in the Sankhuwasabha District of Nepal, valued at Rs 1,593.08 crore (inclusive of VAT). The Package-2, encompasses the execution of critical civil and hydro-mechanical works integral to the Lower Arun Hydro-Electric Project. This includes the construction of Adit-5 and Adit-6 leading to the Head Race Tunnel, as well as the Part Head Race Tunnel itself, measuring 10.5 meters in diameter and extending 5.41 kilometers. The scope further covers the Surge Shaft and its gates, the Pressure Shaft along with the Butterfly Valve Chamber and Access Adit, and the Power House, Switchyard, Surface Pothead Yard, and Tail Race Channel. Additionally, the package involves installation of steel liners for the Pressure Shafts, Draft Tube Gates and hoists, and the completion of associated road works and supporting infrastructure. Together, these components form the backbone of the project, ensuring efficient water conveyance, energy generation, and long-term operational reliability. The project is scheduled to be completed within 54 months and the site is strategically located near Tumlingtar in Sankhuwasabha District of Nepal, approximately 264 km from Siliguri, India.