Kalpataru Projects International Limited (KPIL) announced record Q2 results with revenue reaching ₹6,529 crore, a 32% YoY increase. Consolidated PBT rose by 71% to ₹322 crore, with a 110 bps margin improvement. The company’s order book remains robust at ₹64,682 crore, with YTD order inflows of ₹14,951 crore.
Exceptional Financial Performance
Kalpataru Projects International Limited (KPIL) reported its highest-ever Q2 revenue and profitability. Consolidated revenue reached ₹6,529 crore, demonstrating a strong 32% year-over-year growth. Consolidated Profit Before Tax (PBT) increased by 71% year-over-year to ₹322 crore, resulting in a PBT margin increase of 110 bps. Consolidated Profit After Tax (PAT) stood at ₹237 crore, reflecting a growth of approximately 89% year-over-year.
Key Financial Highlights for Q2 FY26
Revenue grew by 32% YoY to ₹6,529 crore, driven by robust execution and a healthy order backlog. EBITDA increased by 28% YoY to ₹561 crore, with an EBITDA margin of 8.6%. PBT grew by 71% YoY to ₹322 crore, leading to a PBT margin improvement of 110 bps to 4.9%. PAT reached ₹237 crore in Q2 FY26, compared to ₹126 crore in Q2 FY25, showing an 89% YoY increase.
H1 FY26 Performance Overview
Revenue for the first half of FY26 stands at ₹12,700 crore, an increase of 33% YoY. EBITDA increased by 33% YoY to ₹1,087 crore, with an EBITDA margin of 8.6%. PBT grew by 88% YoY to ₹612 crore, and the PBT margin improved by 140 bps to 4.8%. PAT increased by 115% YoY to ₹451 crore. Net debt decreased by 14% YoY to ₹3,169 crore. Net Working Capital improved to 90 days as of September 30, 2025.
Standalone Financials
Standalone revenue was reported at ₹5,419 crore, representing a 31% YoY growth. EBITDA grew by 28% YoY to ₹447 crore with an EBITDA Margin of 8.3%. PBT grew by 48% YoY to ₹272 crore with a PBT Margin of 5.0%, and PAT was up by 51% YoY to ₹200 crore.
Order Intake and Backlog
New orders received till date in FY26 are worth ₹14,951 crore, representing a growth of approximately 26% YoY. The consolidated order book, after accounting for changes in scope, stood at ₹64,682 crore as of September 30, 2025.
Management Perspective
According to Mr. Manish Mohnot, MD & CEO of KPIL, the company has delivered another strong quarter, achieving its best-ever Q2 in terms of revenue and profitability. The robust order book, valued at ₹64,682 crore, includes secured orders of nearly ₹14,951 crore.
Source: BSE
