Kalpataru Projects International Limited (KPIL) announced strong Q3 FY26 results, driven by robust execution across its diversified business segments. Revenue grew by 16% YoY to ₹6,665 crores, while profit before tax increased by 37%. The company’s order book remains strong at ₹63,287 crores, providing revenue visibility for the next three years. KPIL is on track to achieve targeted growth in revenue and profitability for FY26.
Key Financial Highlights
KPIL showcased a robust financial performance in Q3 FY26:
- Revenue: ₹6,665 crores (up 16% YoY)
- EBITDA: ₹513 crores (up 7% YoY)
- Profit Before Tax (PBT): ₹277 crore (up 37% YoY)
- Profit After Tax (PAT): ₹171 crores (up 23% YoY)
For the nine months ended December 31, 2025 (9M FY26):
- Revenue: ₹19,365 crores (up 27% YoY)
- EBITDA: ₹1,600 crores (up 23% YoY)
- PBT: ₹889 crores (up 69% YoY)
- PAT: ₹622 crores (up 78% YoY)
Order Book and Inflows
KPIL maintains a strong order book providing revenue visibility:
- Order Book: ₹63,287 crores (approximately 3 years of visibility)
- Order Wins (YTD FY26): ₹19,456 crores
- L1/ Favorably placed projects: Approximately ₹7,000 crores, mainly in T&D and B&F businesses.
Business Segment Performance
The company experienced growth across key segments:
- T&D: Revenue increased by 14% in Q3 FY26 and 37% in 9M FY26, driven by project execution in India and overseas.
- B&F: Revenue increased by 17% in both Q3 FY26 and 9M FY26, supported by large residential building projects.
Debt and Working Capital
KPIL continues to focus on financial discipline:
- Consolidated Net Debt: ₹2,240 crores, a decrease of 29% QoQ.
- Standalone Net Debt: ₹1,849 crores, a decrease of 16% QoQ.
- Net Working Capital Days: 79 Days (Consolidated).
Other Updates
- Completed the sale of Vindhyachal Road Asset (VEPL) in January 2026 for approximately ₹799 Crores (post-closing adjustments).
Source: BSE
