The festivals of the temple reveal the cultural significance of the temple. There are a number of festivals celebrated almost every month at the Pataladri Narasimhasvami temple. The festivals are organized with immense pomp and grandeur during which a number of devotees gathered in the temple complex to offer their worship to the lord. The most famous one is the festival of Brahmotsavam in the month of Vaikasi (May-June) which is attended by a very large numbers of devotees. Some of the other important festivals are Tamil new year, Bhashyakarar Utsavam and Nrisimha Jayanthi in the month of Chittirai (April-May); Periyazhvar Utsavam in the month of Ani (June-July); Gajendra moksham, Jyeshtabhisekam and Tiru Adi Puram in Adi (July-August); Pavitrotsavam celebrated for a long period of five days and Sri Jayanthi in Avani (August-September); Navaratri in Purattasi (September-October); Deepavali and Manavala Mamuni Satumurai in Aippasi (October-November); Tiru Kartigai Utsavam in Kartigai (November-December); Dhanurmasa Puja and Adhyayana Utsavam including Vaikuntha Ekadasi in Margazhi (December-January); Sankranti Utsavam and Thai Pusain in Thai (January-February); Ratha Saptami (during which the deity is taken out on seven different vahanas on the same day) and Theppa Utsavam in Masi (February-March); Yugadi Utsavam and Panguni Uttiram in the month of Panguni (March-April). The stanzas from the Periya Tirumozhi of Tirumangai Azhvar, in praise of Lord Narasimha at Ahobilam are recited in this temple. Hence the temple is considered as a sacrosanct.

The festivals organized in the temple reveals the enduring religious tradition of India. The religious tradition of the temple is continuing its worship for approximately a thousand four-hundred years, and continues to draw multitudes of devotees even today.