Patel Engineering earnings calls.

Patel Engineering delivered a solid Q1 FY27 with consolidated revenue of 1,281 croreCurrent reported value: 1,281 crore. No comparable prior figure is available in the source record. (+4Current reported value: 4. No comparable prior figure is available in the source record.% YoY) and PAT of 93.5 croreCurrent reported value: 93.5 crore. No comparable prior figure is available in the source record. (+24.5Current reported value: 24.5. No comparable prior figure is available in the source record.% YoY), driven by 10 crore reduction in finance costs and operational improvements. EBITDA margin expanded 62bps to 14.02%. The order book stands at 14,636 croreCurrent 14,636 crore. Reported change: 3x book-to-build. (3x book-to-build ratio), with 62% hydropower, 17% irrigation, and balanced diversification. Management targets ~10% revenue growth for FY27 with significant H2 contribution, and aims to add 8,000 croreCurrent 8,000 crore. Reported change: FY27 target. in new orders this year. Credit rating upgrades (long-term to A/stable, short-term to A1) reflect improving financial discipline. Promoter pledge remains elevated at 85-90%, though management targets 15-20% reduction. Non-core asset monetization target of 150-200 croreCurrent 150-200 crore. Reported change: FY27 target. set for FY27. Key risks include competitive pressure on margins, delayed large project awards, and ongoing legal disputes. The company maintains margin guidance of 13-14% despite increased competition.