ALFA Finder
The call ran from 9:59 AM to 10:46 AM IST (47 min).
Key takeaways
Q2 consolidated revenue flat YoY at ₹1,211 Cr, EBITDA margin down 71bps, and FY27 revenue growth guidance cut to about 7-8% from 10%.
| Management target | Revenue 7.0% FY27 |
|---|
| Revenue growth | Q2 flat YoY; H1 up 2%; FY27 guide cut to 7-8%. |
|---|---|
| Margins | Q2 EBITDA margin 12.42% vs 13.13% YoY; H1 flat at 13.24%. |
| Order book | ₹13,546 Cr; about 2.7x annualised H1 revenue. |
| Demand visibility | ₹30,000 Cr hydro bids pending; no hydro awards in six months. |
| Management confidence | Defensive; hedged 'maybe 7%, 8%'; vague on land, pledge, buyback. |
Growth
Q2 revenue rose 0.25% YoY and H1 rose 2.0%. Q2 standalone PAT fell to ₹51 Cr from ₹64 Cr; consolidated H1 PAT growth of 15.9% sits against flat standalone H1 PAT, with non-core sales a possible unquantified contributor.
Outlook
FY27 revenue growth guided as 'marginal', about 7-8% (hedged); no FY28 number given. About ₹150 Cr annual capex and no dividend this year.
Risks
No hydro awards in six months, and ₹30,000 Cr of bids depend on LOIs expected mostly by March. Debt rose to ₹1,312 Cr and the FY27 growth guide was cut.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Patel Engineering Q2 FY27 Results: Net Profit ₹86.9 Cr, Up 19.0% YoY
Patel Engineering Ltd reported revenue from operations of ₹1,211 Cr (+0.2% YoY) and net profit of ₹86.9 Cr (+19.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹86.9 Cr · +19.0% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management expects 10% revenue growth in FY27 with a ₹8,000 cr new order inflow target and further debt reduction.
Growth they described
FY26 revenue reached ₹5,103 cr; consolidated PAT grew 21% YoY to ₹294 cr. Q4 consolidated EBITDA margin stood at 15.14%.
Call details
| Company | Patel Engineering Ltd |
|---|---|
| NSE symbol | PATELENG |
| ISIN | INE244B01030 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 10:00 AM IST |
| Length | 47 min |
Patel Engineering Ltd: key numbers
- Share price
- ₹25.79
- Market cap
- ₹2,559 Cr
- Revenue (annual)
- ₹5,103 Cr
- Net profit (annual)
- ₹269.2 Cr
- P/E (TTM)
- 8.5×Sector 33.5×
- Promoter holding
- 31.48%+0.00% QoQ
- FII holding
- 2.98%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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