Patel Engineering Q2 FY26 Earnings Results: Net Profit Falls 12% to ₹64.7 Crore, Income Up 3%

Patel Engineering reported a consolidated net profit of ₹64.7 crore for Q2FY26, a decline of nearly 12% compared with ₹73.3 crore in the same quarter last year.

Despite the quarterly dip, profit for the April–September period rose 20% YoY to ₹144.7 crore, supported by steady project execution.

The company’s total income increased 3% year-on-year, reaching ₹1,271.6 crore, up from ₹1,230.9 crore in Q2FY25.

₹500 Crore Fundraising Plan Approved

The Board approved a ₹500 crore rights issue to strengthen the balance sheet and support future growth opportunities.

Strong Order Pipeline

Patel Engineering secured a ₹240 crore project from NHPC during the quarter for civil and hydro-mechanical works at the Teesta-V project in Sikkim.

With this, the company’s new orders in H1FY26 reached ₹2,500 crore, and the total order book stood at a robust ₹15,146 crore as of September 30.

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Management Commentary

Managing Director Kavita Shivaikar said the company is well-positioned to benefit from new opportunities due to its strong order pipeline and diversified project portfolio.

She added that the focus will remain on improving execution, expanding presence, and creating long-term value, especially in sectors like hydropower, tunnelling, and irrigation.

Patel Engineering Share Price Movement

Patel Engineering share price (NSE: PATELENG) was trading at ₹35.24, down 0.98% as of 10:03 am on November 14. The stock opened at ₹35.20 and moved between a high of ₹35.69 and a low of ₹35.17 during the session. The company currently has a market cap of ₹2,850 crore, a P/E ratio of 11.23, and no listed dividend yield. Over the past year, the stock has touched a 52-week high of ₹59.55 and a 52-week low of ₹34.70.

Conclusion

Patel Engineering delivered moderate revenue growth in Q2 but saw its profit dip due to project and cost pressures. With a strong order book, a sizeable fundraising plan, and consistent demand in core sectors, the company expects steady growth in the coming quarters.

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