Analysts/Institutional Investor Meet/Con. Call Updates

CIN: L99999MH1949PLC007039 August 17, 2026 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 SCRIP CODE: 531120 SYMBOL: PATELENG Dear Sir/Madam, Subject: Submission of Investor/ Analysts Meet Transcript In continuation of the letter dated August 5, 2026 related to the Investor Conference Call to discuss the Financial Results for the quarter ended June 30, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), please find enclosed the Transcript of the Company's Investor Call. The said Transcript is also available on the website of the Company at https://tinyurl.com/56jxwzbp It is further confirmed that no unpublished price sensitive information was shared/discussed in the meeting / call. We request you to take the same on record. Thanking you, Yours truly, For Patel Engineering Ltd. Shobha Shetty Company Secretary and Compliance Officer Membership No. F10047 Mumbai REGD. OFFICE: Patel Estate Road, Jogeshwari (W), Mumbai – 400 102. India Phone +91 22 26767500, 26782916 Fax +91 22 26782455, 26781505 Email headoffice@pateleng.com Website: www.pateleng.com Patel Engineering Limited Q1 FY’27 Earnings Conference Call August 11, 2026 Moderator: Ladies and gentlemen, good day and welcome to Patel Engineering Limited Q1-FY27 Earnings Conference Call hosted by Valorem Advisors. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing “*” then “0” on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you and over to you, Ms. Jain. Purvangi Jain: Thank you. Good morning, everyone, and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the investor relations of Patel Engineering Limited. On behalf of the company and Valorem Advisors, I would like to thank you all for participating in the Company's Earnings Conference Call for the quarter ended on June 30, 2026. Before we begin, let me mention a short cautionary statement. Some of the statements made in today's Earnings Call may be forward-looking in nature. Such forward-looking statements are subject to risk and uncertainties which could cause actual results to differ from those anticipated. Such statements are based on management's belief as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decision. The purpose of today's Earnings Call is purely to educate and bring awareness about the company's fundamental business and financial quarter under review. I would now like to introduce you to the Management Team joining us on today's call. We have with us Ms. Kavita Shirvaikar - Managing Director and Mr. Rahul Agarwal - Chief Financial Officer. Without any delay, I request Ms. Kavita to start with her opening remarks. Thank you and over to you, ma'am. Page 1 of 15 Kavita Shirvaikar: Thank you, Purvangi. Good morning, everyone, and thank you for joining us today for Patel Engineering's Q1 FY27 Earnings Call. I would like to welcome all our Shareholders, Investors and Analysts, and thank you for your continued trust and confidence in Patel Engineering. We have uploaded our Investor Presentation and Financial Results on the Stock Exchanges and I hope you have had an opportunity to review them. I will take you through the key business and operational developments during the quarter, our industry outlook, and the opportunities we see ahead. Following this, our CFO – Mr. Rahul Agarwal, will take you through financial performance in greater detail. Let me begin with the performance for the quarter: We have started FY27 on a positive note, with continued momentum in both execution and profitability. For Q1 FY27, our consolidated revenue stood at Rs. 1,281 crores, representing a growth of approximately 4% year-on-year. More importantly, our profit after tax increased by 24.5% to Rs. 93.5 crores, compared with Rs. 75.1 crores in Q1 FY26. The improvement in profitability reflects better operating performance and continued focus on execution and cost discipline. While the 1st Quarter is seasonally relatively moderate for the infrastructure sector, we remain confident about the trajectory for the year with a large contribution to growth expected in the second half. Coming to our order book and business development: As of June 30, FY26, our consolidated order book stood at Rs. 14,636 crores. The order book remains well-diversified, with Hydropower contributing 62%, Irrigation 17%, Tunneling 4%, and Roads and Urban Infrastructure accounting for the balance 17%. This mix provides us with a strong foundation for sustained execution, while also giving us exposure to some of the infrastructure segments where we believe the medium-to-long-term opportunity remains particularly attractive. In addition to our existing order book, we currently have approximately Rs. 9,000 crores of bids under evaluation. And more importantly, we have identified a near-term opportunity pipeline of approximately Rs. 60,000 crores, which we intend to actively pursue over the coming months. Page 2 of 15 Our approach remains focused on selective and disciplined bidding, with a clear emphasis on project quality, execution feasibility, and appropriate returns, rather than pursuing growth at the expense of profitability. We believe the combination of our existing order book, bids under evaluation, and identified opportunity pipeline gives us good visibility for the coming years. Another important development during the quarter was the upgrade in our credit ratings. In June, our long-term credit rating was upgraded to A stable from A-, while our short-term rating was upgraded to A1 from A2. We view this as an important recognition of the improvement in our financial profile, balance sheet discipline, and overall business fundamentals. Let me now turn to execution, which remains the core of our business: During the quarter, we continue to make steady progress across our key projects with several important milestones achieved. In Hydropower, our execution at the Subansiri Lower Hydroelectric Project continues to progress well. With four units already operational, the project is currently contributing 1,000 MW of clean energy to the National Grid. During this quarter, concreting work of Unit-7 commenced, while execution across the remaining units continues to progress steadily. We remain on track for all eight units to become operational during this financial year, which will be an important milestone not only for the project, but also for Patel Engineering, given our long-standing involvement in its execution. In J&K, our Kiru and Kwar HEP Project also witnessed strong execution momentum. At Kwar Dam, concreting has crossed the 50% mark, while we also achieved the interdependent milestone of handing over the draft tube Unit-1 to the E&M agency. At Parnai HEP, we successfully completed the installation and erection of the roof truss structure for the powerhouse building. In Bhutan also, work has commenced at the Dorjilung Hydropower Project, further strengthening our presence in the region and creating opportunities for participation in the larger packages of the project. Another significant milestone was achieved recently at our Sleemanabad Tunnel in Madhya Pradesh, where we successfully completed the tunnel boring breakthrough. The 11.95 km Irrigation tunnel is currently the longest Irrigation tunnel in India. The project involved highly challenging tunneling conditions and was execu [Showing first 8,000 characters — download PDF for full document]