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Patel Engineering
SectorIndustrials
In the news
Patel Engineering: Order Book Strength vs Execution Reality
Patel Engineering gains 1.76% on ₹126-cr Maharashtra irrigation project
Patel Engineering Q4 profit up 15.95% to ₹41.51 crore
Patel Engineering Q4 profit jumps 32% to ₹43.6 crore on execution gains
Patel Engineering wins ₹1,593 cr Nepal hydropower project
Patel Engineering wins ₹910 cr Himachal dam project, shares up 3%
Patel Engineering Q3 profit drops 11.82% to ₹70.35 crore
The Quarter story
The two most recent quarterly results, compared side-by-side.
Patel Engineering converts projects into profits while cutting debt, though the overall order book is shrinking as execution outpaces new wins.
Finance costs fall from ₹794 Cr in Q4 FY26 to ₹618 Cr in Q1 FY27 — lower borrowing costs improve net margins
Consolidated order book shrinks from ₹1,62,854 Cr in Q1 FY26 to ₹1,46,356 Cr in Q1 FY27 — execution outpaces new order intake
Total debt drops from ₹15,432 Cr in Q2 FY26 to ₹12,927 Cr in Q1 FY27 — aggressive repayment strengthens the balance sheet
Book to bill ratio falls from 3.30x in Q1 FY26 to 3.08x in Q3 FY26 — slower order inflow relative to revenue recognition
Net profit rises from ₹715 Cr in Q4 FY26 to ₹935 Cr in Q1 FY27 — better cost control drives bottom-line growth
State government order book declines from ₹59,007 Cr in Q1 FY26 to ₹44,862 Cr in Q1 FY27 — state-level projects move to completion
Order book in the 70–90% completion stage grows from ₹8,851 Cr in Q3 FY26 to ₹25,650 Cr in Q1 FY27 — strong near-term revenue visibility
Other income drops from ₹631.96 Cr in Q2 FY26 to ₹254 Cr in Q1 FY27 — non-operating gains normalize to lower levels
EBITDA margin recovers from 11.31% in Q3 FY26 to 14.02% in Q1 FY27 — project execution becomes more profitable
Diluted EPS fluctuates from ₹1.03 in Q3 FY26 to ₹0.94 in Q1 FY27 — earnings remain volatile across reporting periods