Patel Engineering Q1 profit surges 56% on strong execution

Patel Engineering reported consolidated revenue of INR1,233 crores for Q1 FY'26, a 12% year-on-year increase. Net profit rose 56% to INR75 crores from INR48 crores in Q1 FY'25.

The company secured new orders totaling INR2,250 crores in Q1, including the 240-megawatt HEO hydropower project (INR711 crores) and Kondhane Dam project (INR1,319 crores). The order book stood at INR16,285 crores as of June 30, 2025, with hydropower projects comprising 61%.

Debt decreased by INR76 crores in Q1, with the company targeting a further INR150-200 crore reduction this financial year.