Patel Engineering's Q1 margin trails Industrials median by 0.48 points
The company reported consolidated net profit of Rs 98.50 cr as management highlighted Rs 146,356 million of order backlog.
Filed 10 Aug 2026, 14:00 IST · Patel Engineering Ltd (PATELENG)
Key takeaways
- Consolidated Q1FY27 operating margin of 14.02% was 0.48 percentage points below the 14.5% median of 86 Industrials peers.
- Management reported Q1 segmental order intake of Rs 645 million and an end-quarter backlog of Rs 146,356 million.
- Interest expense of Rs 61.82 cr and other income of Rs 31.96 cr were material items around consolidated profit before tax of Rs 123.29 cr.
Price around the results
Q1FY27 earnings shaped by financing and other income
Patel Engineering reported consolidated revenue of Rs 1,280.74 cr and net profit of Rs 98.50 cr for Q1FY27. Interest expense of Rs 61.82 cr was a significant charge against operating profit of Rs 179.60 cr, while other income of Rs 31.96 cr supported profit before tax of Rs 123.29 cr. This makes the composition of earnings important alongside the reported net profit.
Operating margin sits below the Industrials peer median
The consolidated operating margin was 14.02%, which was 0.48 percentage points below the 14.5% median for the 86 Industrials companies that had reported the quarter. With no sequential or year-on-year driver data provided, the quarter does not establish whether the margin gap reflects a change in costs, revenue mix or project execution.
Subansiri work and order backlog anchor the business update
Management said concreting work for Unit 7 of the Subansiri Lower Hydropower Project had started at EL 102.25m. The company reported Q1 segmental order intake of Rs 645 million and an end-Q1FY27 order backlog of Rs 146,356 million. These disclosures provide the operating context for tracking how the backlog translates into reported revenue.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,281 cr |
| Other income | ₹32 cr |
| Expenses | ₹1,101 cr |
| Operating profit | ₹180 cr |
| Operating margin (%) | 14.02% |
| Interest | ₹62 cr |
| Depreciation | ₹26 cr |
| Profit before tax | ₹123 cr |
| Tax | ₹25 cr |
| Net profit | ₹99 cr |
| EPS (₹) | ₹0.98 |
Operating margin of 14.02% compares with a Industrials sector median of 14.50% across 86 peers that have reported Q1FY27.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Concreting works for Unit 7 of the Subansiri Lower Hydropower Project commenced at EL 102.25m.
New orders
- Q1 FY27 segmental order intake was INR 645 million.
- The order backlog at the end of Q1 FY27 was INR 146,356 million.
What to watch
- Whether operating margin moves above or below 14.02% in the next reported quarter.
- The conversion of the Rs 146,356 million order backlog into revenue.
- Further progress on Unit 7 concreting at the Subansiri Lower Hydropower Project.