Kalpataru Projects International Limited (KPIL) has reported a strong performance for the first quarter of Fiscal Year 2027 (Q1 FY27). The company’s consolidated revenue increased by 4% YoY to ₹6,408 crore. Profit After Tax (PAT) saw a substantial jump of 46% YoY, reaching ₹312 crore, with Earnings Per Share (EPS) growing to ₹18.16. Order inflows for the period stood at ₹7,668 crore, and the order book remained robust at ₹66,607 crore as of June 30, 2026.
Kalpataru Projects International Reports Robust Q1 FY27 Performance
Kalpataru Projects International Limited (KPIL) has announced its financial results for the first quarter ended June 30, 2026 (Q1 FY27), demonstrating resilient performance backed by execution-led growth and a focus on improving profitability.
Key Financial Highlights
On a consolidated basis, KPIL recorded a revenue of ₹6,408 crore, marking a 4% year-on-year (YoY) growth. The company’s EBITDA also grew by 7% YoY to ₹562 crore, with an improved EBITDA margin of 8.8%. Profit Before Tax (PBT) surged by 45% YoY to ₹420 crore, and Profit After Tax (PAT) witnessed a significant increase of 46% YoY to ₹312 crore. The Earnings Per Share (EPS) for the quarter stood at ₹18.16, reflecting a 45% YoY growth.
The standalone revenue for Q1 FY27 was ₹5,482 crore, an increase of 9% YoY. Standalone EBITDA grew by 14% YoY to ₹488 crore, and PAT increased by 32% YoY to ₹265 crore, with EPS at ₹15.54.
Order Inflows and Order Book
The company secured healthy order inflows of ₹7,668 crore (Year-to-Date FY27). Additionally, KPIL is favorably placed in projects worth approximately ₹7,300 crore, particularly in the T&D and B&F segments. The company also secured its maiden water treatment project in the Middle East. The consolidated order book as of June 30, 2026, stood strong at ₹66,607 crore, driven by prospects in power T&D, B&F, and Oil & Gas infrastructure.
Debt and Working Capital Management
KPIL has effectively managed its debt and working capital. The consolidated Net Debt declined by 67% YoY to ₹917 crore. The company reported Net Working Capital at 80 days and a Net Debt/Equity ratio of a best-in-class 0.1x. Credit ratings have been upgraded to AA+/Stable by India Ratings.
Business Vertical Performance (Consolidated)
The presentation also details performance across various business verticals. T&D revenue (excluding Brazil Subsidiary) grew by 10% to ₹2,924 crore, driven by healthy execution and a strong order backlog. B&F revenue increased by 15% to ₹1,588 crore, propelled by project progress. Water business revenue saw a decrease of 7% to ₹626 crore due to slower execution. Oil & Gas revenue improved by 18% to ₹693 crore, with Railways revenue down 23% and Urban Infra up 15%.
The total core business revenue (excluding Brazil Subsidiary) grew by 9% to ₹6,320 crore.
Financial Highlights Summary (Consolidated)
- Revenue (Excluding Road SPVs & Brazil Subsidiary): ₹6,396 crore (+9% YoY)
- Reported Revenue: ₹6,408 crore (+4% YoY)
- Core EBITDA: ₹562 crore (+7% YoY)
- Core EBITDA Margin: 8.8% (+30 bps)
- PBT: ₹420 crore (+45% YoY)
- PBT Margin: 6.6% (+190 bps)
- PAT: ₹312 crore (+46% YoY)
- PAT Margin: 4.9% (+140 bps)
- EPS (/ Share): ₹18.16 (+45% YoY)
The company highlighted its consistent growth, improved profitability, and strong balance sheet, positioning it well for future opportunities.
Source: BSE
