Q1 2026 Patel Engineering Ltd Earnings Call Transcript
Key Points
- Patel Engineering Ltd (BOM:531120) reported a 12% year-on-year increase in consolidated revenue for Q1 FY26, reaching INR1,233 crores.
- Net profit for the quarter grew by 56% from INR48 crores in Q1 FY25 to INR75 crores in Q1 FY26.
- The company received new orders worth INR2,250 crores in Q1 FY26, including significant projects like the Kondhane Dam and Nira Deoghar Right Bank Main Canal irrigation project.
- The order book as of June 30, 2025, stands at INR16,285 crores, providing strong revenue visibility with a book-to-bill ratio of 3.3.
- Patel Engineering Ltd (BOM:531120) has reduced its total debt by INR122 crores during the quarter, improving its debt-equity ratio from 0.42 to 0.40.
- The ordering activity in the Indian infrastructure sector has not gained the expected momentum, impacting potential growth.
- Despite a strong order book, the company faces execution risks due to environmental and approval challenges, particularly in hydro projects.
- The company's EBITDA margin for the quarter was 13.4%, which may fluctuate based on project execution and sector dynamics.
- Working capital days remain high at around 168 days, indicating potential liquidity management challenges.
- The promoter pledge remains high at 85%, which could impact financial flexibility and investor confidence.
Ladies and gentlemen, good day, and welcome to Patel Engineering Limited Q1 FY26 earnings conference call, hosted by Share India Securities Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Harsh Patel from Share India Securities. Thank you, and over to you, Mr. Patel.
Thank you. Good evening, everyone. I would like to congratulate management on a very good set of numbers. On behalf of Share India Securities, I would like to welcome all the participants for Q1 FY26 earnings conference call of Patel Engineering Limited.
We are pleased to have with us the management team represented by Managing Director, Ms. Kavita Shirvaikar; and Chief Financial Officer, Mr. Rahul Agarwal. We will have the opening remarks from the management followed by Q&A session.
Thank you, and over to you, ma'am.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
