Slide 1: Submission of Investor Presentation to Exchanges
CIN: L99999MH1949PLC007039 February 14, 2026 To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Mumbai - 400 051 Company Code No. 531120 Company Code: PATELENG Dear Sir/Mam, Subject: Submissio
Slide 2: Investor Presentation Q3 FY26
Patel Engineering Limited INVESTOR PRESENTATION Q3 FY26
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides have been prepared by Patel Engineering Ltd. (the “Company”), and have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form
Slide 4: Company Overview
Company Overview Kiru Hydro Power Project, Jammu & Kashmir
Slide 5: About Patel Engineering Ltd
About Patel Engineering Ltd Patel Engineering Limited, founded in 1949 and headquartered in Mumbai, is a prominent player in the civil engineering construction segment. With over seven decades of experience, the company has successfully constructed various heavy civil engineering works such as dams,
Slide 6: Vision & Mission
Conference Centre cum Secretariat Complex, Bhutan Vision & Mission Vision Mission Deliver comprehensive and effective solutions to To be the pioneers in the industry and a market- clients through our profound experience and driven organization known for its commitment technological prowess, while co
Slide 7: Key Facts and Figures
Key Facts and Figures 7+ Decades 14 States 15,000+ 87+ Experience Current Domestic Presence MW Hydro Project Dams 300+ Kms 5.5+ Lakhs 1,200+ Kms ₹ 1,51,232 Mn of Tunnels Acres Irrigated Road Order book ₹ 12,394 Mn ₹ 1,448 Mn 11.68% ₹ 706 Mn Q3 FY26 Revenue Q3 FY26 Op. EBITDA Q3 FY26 Op. EBITDA Margi
Slide 8: Market Potential and Opportunities
Market Potential and Opportunities ₹ 12.2 Lac Cr 56,000+ MW 100,000+ MW Infrastructure Sector Budget 4.4% of GDP Hydro Projects Arunachal Pradesh Pumped Storage Projects Roadmap for 2035-36 76,000+ MW ₹ 6,76,700 Mn ₹ 65,870 Mn Hydroelectric capacity – Transmission Plan Budget Allocation for Budget A
Slide 9: Consolidated Results Highlights
Consolidated Results Highlights Operating Revenue (₹ in Mn) Op. EBITDA (₹ in Mn) Net Profit (₹ in Mn) 15.31% 12,393.53 12,055.16 1,839.97 804.29 705.64 1,447.95 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Investor Presentation Q3 FY26 8
Slide 10: Q3 FY26 Consolidated P&L
Q3 FY26 Consolidated P&L Particulars (₹ in Mn) Q3 FY26 Q3 FY25 Y-o-Y 9M FY26 9M FY25 Y-o-Y Total Revenue from Operations 12,393.53 12,055.16 2.81% 36,812.67 34,815.00 5.74% Cost of Material Consumed 3,368.41 2,121.11 9,023.17 6,059.25 Cost of Construction 5,937.37 6,478.95 18,537.99 18,637.11 Employ
Slide 11: Standalone Results Highlights
Standalone Results Highlights Operating Revenue (₹ in Mn) Op. EBITDA (₹ in Mn) Net Profit (₹ in Mn) 15.31% 12,305.29 11,868.41 1,754.08 886.91 1,392.30 738.09 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Investor Presentation Q3 FY26 10
Slide 12: Q3 FY26 Standalone P&L
Q3 FY26 Standalone P&L Particulars (₹ in Mn) Q3 FY26 Q3 FY25 Y-o-Y 9M FY26 9M FY25 Y-o-Y Total Revenue from Operations 12,305.29 11,868.41 3.68% 36,527.88 34,238.33 6.69% Cost of Material Consumed 3,368.41 2,120.77 9,023.17 6,058.91 Cost of Construction 5,917.38 6,386.69 18,486.28 18,366.16 Employee
Slide 13: Consolidated Debt Highlight
Consolidated Debt Highlight In ₹ Mn In ₹ Mn FY25 Q3 FY26 FY25 Q3 FY26 6,645 6,274 4,497 10,015 Total Debt 6,010 Total Debt Total Debt + Total Debt + 9,831 Advances Advances 16,025 14,328 22,670 20,602 16,025 14,328 Term Debt Working Capital Debt Term Debt Working Capital Debt Total Debt Contractee A
Slide 14: Consolidated Interest Breakup
Consolidated Interest Breakup In ₹ Mn Q3 FY25 Q3 FY26 9M FY25 9M FY26 In ₹ Mn 152.75 449.30 483.12 167.00 Total Total Total Total Interest Interest Interest Interest 801.66 679.55 530.40 2,435.71 2,170.61 163.66 371.96 120.05 392.50 485.25 1,456.01 1,315.53 Interest to Lenders Interest to Lenders In
Slide 15: Working Capital Movement
Working Capital Movement Net Working Capital ( In Days ) 297 194 168 160 169 145 140 127 114 104 110 96 FY21 FY22 FY23 FY24 FY25 9M FY26 Net Working Capital Adjusted Net Working Capital Adjusted Net Working Capital excludes borrowings, arbitration claims, current investment, cash & bank balance and
Slide 16: Long Term Rating
Long Term Rating: Rating Agency Infomerics India Ratings Acuite Ratings & Research Current Rating A- A- A- (Long Term) Current Rating A2+ A2+ A2+ (Short Term) Outlook Stable Stable Stable Last Review 04 June, 2025 28 April, 2025 01 August, 2025 A- BBB + BBB BBB - B+ FY21 FY22 FY23 FY24 FY25 Investor
Slide 17: Q3 FY26 Operational Highlights
Q3 FY26 Operational Highlights Mantalia Tourist Facility, Jammu & Kashmir
Slide 18: Key Operational Highlights – Subansiri Hydropower Project
Key Operational Highlights – Subansiri Hydropower Project Project Update: Significant progress achieved at Subansiri HEP with wet commissioning of Units 1, 2 and 3 completed and final commissioning of Unit 2 and 3 and integration with National Power Grid completed. Investor Presentation Q3 FY26 17
Slide 19: Key Operational Highlights – Kiru Hydropower Project
Key Operational Highlights – Kiru Hydropower Project Project Update: Successfully achieved pouring of over 10 lakh cubic meters of concrete in the dam of the Kiru HEP Investor Presentation Q3 FY26 18
Slide 20: Key Operational Highlights – Kwar Hydropower Project
Key Operational Highlights – Kwar Hydropower Project Project Update: Successfully completed the excavation works of the Surge Gallery - 2 Investor Presentation Q3 FY26 19
Slide 21: Key Operational Highlights – Parnai Hydropower Project
Key Operational Highlights – Parnai Hydropower Project Project Update: Successfully achieved breakthrough between HRT Face-5 and Face-6, marking a significant progress in the tunneling works of the 9.2 km Head Race Tunnel (HRT) - a vital component of the project Investor Presentation Q3 FY26 20
Slide 22: Key Operational Highlights – PGRW Water Tunnel Project
Key Operational Highlights – PGRW Water Tunnel Project Project Update: Successfully achieved NATM breakthrough at the PGRW Project, marking the completion of the second section and with this entire NATM works have been completed. Investor Presentation Q3 FY26 21
Slide 23: Awards & Recognition
Awards & Recognition Patel Engineering Ltd. has been recognized as the “Best Emerging Economy Kavita Shirvaikar, Managing Director, has been honored as the “Infra - Infrastructure Enterprise of India”, an acknowledgement of the company’s Woman Leader of the Year 2025”, an acknowledgement of her visi
Slide 24: MOA Signed for Gongri Hydropower Project (144 MW)
MOA Signed for Gongri Hydropower Project (144 MW): Hydro Electric Project Project Name: Gongri Hydro Electric Project (144 MW) Project Location: Dirang Town, West Kameng District, Arunachal Pradesh Client: Arunachal Pradesh Government Brief Description: PEL will manage the entire project life cycle
Slide 25: New Project Received in Q3 FY26
New Project Received in Q3 FY26 Urban Infrastructure Project Project Name: Jhiria West OCP Project Location: Hasdeo Area, Madhya Pradesh. Principal: South Eastern Coalfields Ltd Brief Description: The Scope of works includes the composite work overburden removal including re- handling, coal cutting
Slide 26: Successful Rights Issuance
Successful Rights Issuance Rights Issuance – Enhanced Balance sheet Strength Rights Offering Subscription & Allotment Object of Use of Proceeds The Allotment Committee approved The rights issue was subscribed 1.15x The net funds raised will be utilized the rights issue of ₹3,989.68 Mn for: (147.77 M
Slide 27: Order Book Break Up
Order Book Break Up Swarakuddu HEP, Himachal Pradesh
Slide 28: Strong Order Book
Strong Order Book 2,08,067 1,86,630 1,50,110 1,52,176 1,51,232 1,44,660 c FY21 FY22 FY23 FY24 FY25 Q3 FY26 Investor Presentation Q3 FY26 27
Slide 29: Order Book Break Up
Order Book Break Up Segment Wise Order Book Client Wise Order Book Project Completion Wise Order Book 5.85% 3.04% 1.16% 1.42% 5.28% 14.96% 32.86% 6.21% 34.34% 29.72% 58.55% 59.23% 18.86% 3.33% 25.20% Central Government / PSU’s State Government Departments International Others Below 10% 10% - 30% 30%
Slide 30: Order Book Break Up – Projects Across States
Order Book Break Up 52 Ongoing Projects Across 14 States Domestically and an Jammu and International Presence in Nepal with a Total Project Value of Kashmir ₹ 1,51,232 Mn Himachal Pradesh Domestic In ₹ Mn. Sr.No. State No. of Projects Project Value 1 Jammu and Kashmir 5 34,161 Arunachal Sikkim Prade
Slide 31: Major Projects Under Execution
Major Projects Under Execution Subansiri Hydropower Project, Assam & Arunachal Pradesh Hydro Power Irrigation Tunneling Road o Subansiri HEP (2,000 MW) o Rihand Micro Irrigation Project o Amarmahal to Trombay Tunnel o Katraj Kondwa Road o Dibang Multipurpose Project (2,880 o Sleemanabad Carrier Cana
Slide 32: Major Project Under Execution - Hydro Power Projects
Major Project Under Execution - Hydro Power Projects Dibang Multipurpose (2,880 MW) Subansiri HEP (2,000 MW) Kiru HEP (624 MW) KWAR HEP(540 MW) Kundah PSP (500 MW) Teesta VI HEP (500 MW) Shongtong HEP (450 MW) Luhri HEP (210 MW) Investor Presentation Q3 FY26 31
Slide 33: Some Major Clients
Some Major Clients RVNL-KTR Railway Project, Chattisgarh Investor Presentation Q3 FY26 32
Slide 34: Superior execution proficiency: Tunneling Project
Superior execution proficiency: Tunneling Project Sela Pass – a globally recognized engineering marvel • Purpose: To provide connectivity between Assam and Tawang in Arunachal Pradesh throughout the year • Strategic significance: Enables troops and supplies to be deployed / transported faster to the
Slide 35: Superior execution proficiency: Hydropower Project
Superior execution proficiency: Hydropower Project Subansiri Lower HEP: Strategic milestone in clean energy • Purpose: A run-of-river hydroelectric project aimed at enhancing India’s shift to clean, non-fossil energy, aligning with India’s commitment to net-zero emissions by 2070 • Strategic signifi
Slide 36: Industry Overview
Industry Overview Parbati Hydropower Project, Himachal Pradesh
Slide 37: India Power Industry Overview
India Power Industry Overview Power Generation - A Prime Focus • Globally, India is the third-largest producer and consumer of electricity • As of December 2025, non-fossil fuel sources accounted for 266.79 GW, which represents more than 51% of total installed power generation capacity. • Rising ele
Slide 38: Hydro Power Overview
Hydro Power Overview Hydro Power – a Keen Effort by the Government to Boost Energy Generation Share in Total Power Generation installed Capacity • With a total installed capacity of ~56 GW, India is the fifth-largest hydropower producer globally 2% • India’s hydropower potential is around 1,45,000 M
Slide 39: Pumped Hydropower Storage (PHS)
Pumped Hydropower Storage (PHS) PHS – a Key Facilitator of Variable Renewable Energy (VRE) in India • VRE such as wind and solar are being connected to the grid at a rapid pace owing to their low cost of installation and the thrust on sustainable & green energy • Due to dependency of VRE on time / s
Slide 40: Micro Irrigation The Way Forward
Micro Irrigation The Way Forward Importance of Micro Irrigation • Micro-irrigation increases water efficiency by as much as 50%-90% • Water savings are in the range of 30-50% compared to flood irrigation, with an average of 32.3% • Electricity consumption is drastically reduced • Micro-irrigation sa
Slide 41: Management Overview
Management Overview Sela Road & Tunnel Project, Arunachal Pradesh
Slide 42: Professional & Experienced Board of Directors (1/2)
Professional & Experienced Board of Directors (1/2) Janky Patel Kavita Shirvaikar Chairperson & Non-Executive Director Managing Director Ms. Janky Patel, a BA graduate, represents the Promoter group and is backed by a strong Mrs. Kavita Shirvaikar, a Chartered Accountant and ICWAI graduate with over
Slide 43: Professional & Experienced Board of Directors (2/2)
Professional & Experienced Board of Directors (2/2) Dr. Emandi Sankara Rao Shambhu Singh Independent Director Independent Director Dr. Rao, an IIT Bombay PhD, has extensive experience in management and engineering across the Mr. Shambhu Singh is a retired I.A.S officer with a Master’s degree in Econ
Slide 44: Way Forward
Way Forward Tunnel T-15 / Part T-14 Project, Jammu & Kashmir
Slide 45: Unlocking Growth Potential: Key Investment Highlights
Unlocking Growth Potential: Key Investment Highlights Extensive 75+ years experience with a solid track record of executing 01 prestigious and strategically significant infrastructure projects in India Well-positioned to leverage leading position in the hydroelectric, 02 pumped storage and tunneling
Slide 46: Thank You
For further information, please contact: Company : Patel Engineering Ltd. (BSE: 531120 | NSE: PATELENG) Mr. Aditya Bajaj Investor Relation & Marketing Email: investors@pateleng.com Investor Relations Advisors : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pe