Kalpataru Projects International Limited (KPIL) has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a 24% year-on-year increase in Profit Before Tax (PBT) to ₹398 crores for Q2 FY27, with a corresponding expansion in PBT margin. Consolidated revenue for the quarter reached ₹7,004 crores. Additionally, YTD FY27 order inflows were up 60% YoY to ₹23,934 crores.
KPIL Announces Strong Q2 FY27 Financials
Kalpataru Projects International Limited (KPIL) has declared its financial results for the second quarter and the first half of the financial year 2027, ending on September 30, 2026. The company demonstrated significant growth, with Profit Before Tax (PBT) rising by 24% year-on-year to ₹398 crores for the second quarter. The PBT margin also saw an expansion of 80 basis points.
Revenue and Profitability Highlights
Consolidated revenue for the second quarter of FY27 stood at ₹7,004 crores, marking a 7% increase year-on-year. Excluding contributions from Road SPVs and the Brazil business, the comparable revenue growth was 13%. Profit After Tax (PAT) grew by 23% year-on-year to ₹292 crores in Q2 FY27.
For the first half of FY27 (H1 FY27), revenue reached ₹13,412 crores, an increase of 6% year-on-year. Comparable revenue growth, excluding Road SPVs and Brazil, was 11%. PBT for H1 FY27 surged by 34% year-on-year to ₹818 crores, with the PBT margin improving by 130 basis points to 6.1%. PAT for H1 FY27 also saw a 34% year-on-year increase to ₹603 crores.
Order Book and Balance Sheet Strength
The company reported strong order inflows for Year-to-Date FY27, amounting to ₹23,934 crores, a substantial 60% increase year-on-year. The consolidated order book has reached a new high of ₹71,846 crores as of September 30, 2026. KPIL also highlighted its improved balance sheet performance, with net debt significantly reduced to ₹72 crores as of September 30, 2026, a reduction of over 98% from the previous year. Net working capital days were reported at 68 days.
Strategic Milestones
Key highlights for the period include a credit rating upgrade to AA+/Stable by CRISIL and India Ratings. The company also noted strategic order wins in India and overseas T&D markets, and a significant win in the Middle East oil & gas business. A notable event was the capital market debut of its Swedish subsidiary, Linjemontage, on Nasdaq Stockholm in September 2026, with a market capitalization of approximately ₹2,300 crores.
Source: BSE
