Quarterly Result14 May 2026, 02:52 pm
Patel Engineering Approves FY26 Financial Results
AI Summary
Patel Engineering Ltd. announced the approval of audited standalone and consolidated financial results for the year ended March 31, 2026. Additionally, the company approved the sale of its entire stake in ACP Tollways Pvt Ltd for ₹55 crore, subject to lender approvals. The sale agreement is expected to be finalized before March 31, 2027. The stake represents 1.02% of consolidated net worth and 7.78% of consolidated net profit as of March 31, 2025.
Key Highlights
- Audited financial results (standalone and consolidated) for FY26 approved.
- Sale of entire stake in ACP Tollways Pvt Ltd approved for ₹55 crore.
- ACP Tollways stake represents 1.02% of consolidated net worth.
- ACP Tollways stake represents 7.78% of consolidated net profit.
- Sale completion expected before March 31, 2027, subject to lender approvals.
Price Impact
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