Patel Engineering Ltd
Patel Engineering Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company targets revenue of around INR5,000 crores for FY '26, aiming for 5% to 10% growth compared to previous year. Revenue growth for FY '26 is expected between 5% to 10%, with a strong start of 12% growth in Q1.
From Patel Engineering Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets revenue of around INR5,000 crores for FY '26, aiming for 5% to 10% growth compared to previous year.
- Q1 revenue grew 12% year-on-year, indicating acceleration in execution.
- Book-to-bill ratio is approximately 3.3, with a current order book of INR16,500 crores, providing strong revenue visibility.
- Order inflows are expected to remain high over the next 2-3 years, with a targeted incremental order book addition of INR8,000 to INR10,000 crores in the current year.
- The company plans to increase the total order book to INR20,000 to INR25,000 crores by FY '26 end.
- Growth is driven largely by hydroelectric projects, which make up around 60% of the order book, and the company is aligned with the national infrastructure pipeline.
- Moderated guidance accounts for project mobilization timelines impacting revenue recognition.
- Long-term growth of 10%-15% is expected from FY '27 onwards.
Profitability & Margins
See what Patel Engineering Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is focused on bidding for large hydroelectric and infrastructure projects, with a current order book target of INR20,000 to INR25,000 crores by end of FY '26.
- They plan to add incremental orders worth INR8,000 to INR12,000 crores within the year.
- Significant emphasis on hydro projects (~60% of order book), including large projects like Dibang and others.
- Investment in digital tools such as SAP and IoT to enhance execution efficiency and project oversight.
- No explicit mentions of standalone capex or strategic investments, but focus on project execution, order book expansion, and operational efficiency improvements.
- Monetization of land banks and arbitration claims (INR150-200 crores expected this year) is planned to strengthen financial health and reduce debt, indirectly supporting future investments.
- Additional borrowing is planned solely for working capital to support new project executions; term debt is expected to reduce over time.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Patel Engineering Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book as of June 30, 2025: INR 16,285 crores (excluding INR 240 crores from Teesta V Hydropower Project with LoA received recently in Q2).
- Composition: 61% hydropower, 20% irrigation, 7% tunneling, and 12% urban infra/others.
- New orders received so far in FY '26: INR 2,500 crores.
- Tenders submitted but yet under evolution: INR 11,000 crores.
- Identified projects expected to be bid on this year: INR 40,000 crores to INR 50,000 crores.
- Target by year-end FY '26 to grow order book to INR 20,000 crores to INR 25,000 crores.
- Order book to bill ratio stands at ~3.3.
- Major focus on hydropower sector, including projects like Dibang, Kiru, Kwar, and Subansiri.
- Pumped Storage Projects (PSP) are emerging with ~10-15% of potential bidding pipeline from PSP.
- Expect additional INR 8,000 to INR 10,000 crores in new orders during the year to reach targets.
Patel Engineering Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.4K Cr, net profit ₹44 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Patel Engineering Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Patel Engineering Ltd Q1 FY26 results?
The company targets revenue of around INR5,000 crores for FY '26, aiming for 5% to 10% growth compared to previous year. Revenue growth for FY '26 is expected between 5% to 10%, with a strong start of 12% growth in Q1.
What is Patel Engineering Ltd share price analysis?
Patel Engineering Ltd currently shows a neutral. The stock trades at a P/E of 7.2 with a market cap of ₹2,823 Cr. Investors should review the full earnings analysis for detailed insights.
Is Patel Engineering Ltd planning capital expenditure?
The company is focused on bidding for large hydroelectric and infrastructure projects, with a current order book target of INR20,000 to INR25,000 crores by end of FY '26.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.