Patel Engineering announced audited results for the quarter and year ended 31 March 2026. For fiscal 2026 revenue from operations was Rs 51,027.4 million (mn) compared with Rs 50,933.6 mn in fiscal 2025 and net profit rose to Rs 2,945.0 mn, up 21.60 per cent year on year. The company reported an order book of Rs 151,190.0 mn. Management said the results reflected steady execution across the portfolio.

In the fourth quarter revenue from operations was Rs 14,214.8 mn and operating EBITDA was Rs 2,152.3 mn, representing a margin of 15.14 per cent. Quarterly net profit was Rs 714.9 mn versus Rs 328.0 mn in the same quarter last year, an increase of 117.96 per cent. For the full year operating EBITDA amounted to Rs 6,840.3 mn with a margin of 13.41 per cent and net profit margin rose to 5.77 per cent from 4.75 per cent.

Key operational highlights included new project orders totalling Rs 44,000.0 mn. The company declared L1 for projects worth Rs 16,600.0 mn and signed a memorandum of understanding for the 144 megawatt (MW) Gongri Hydropower project valued at Rs 17,000.0 mn. The Subansiri Lower hydroelectric project reached a milestone with commissioning of the fourth unit adding 1,000 MW to the national grid and civil works up to unit six were completed. In tunnelling the CIDCO TWT-II project achieved 812 metres of TBM progress in January 2026 and a breakthrough after 6.2 km.

Asset monetisation yielded about Rs 1,850.0 mn and the debt to equity ratio improved to 0.27x from 0.43x, which management said strengthened the balance sheet and enhanced financial flexibility. Company executives pointed to disciplined execution, improved operational efficiency and diversified order book as drivers of longer term revenue visibility across hydropower, tunnelling, irrigation, transportation and urban infrastructure. They indicated that stronger profitability and the improved capital structure would allow the company to invest in opportunities while maintaining prudent financial management. Management also highlighted readiness to pursue projects in neighbouring markets and a focus on timely delivery and long term value creation for stakeholders.