KPIL Reports Record ₹27,143 Crore Revenue and 53% Debt Reduction in Standout FY26 Performance
New Delhi, May 15, 2026: Kalpataru Projects International Limited (KPIL) announced its financial results for the quarter and full year ending March 31, 2026, today. The company reported a landmark performance characterized by its highest-ever revenue and a significant surge in profitability. Consolidated annual revenue climbed 22% year-on-year to reach ₹27,143 crores, while Profit Before Tax (PBT) before exceptional items saw a robust 62% increase, totaling ₹1,334 crores. This growth was largely driven by aggressive execution and a healthy backlog in key sectors, including Power Transmission and Distribution (T&D), Buildings and Factories (B&F), Oil and Gas, and Urban Infrastructure, the company said in a press release.
The company’s financial health showed marked improvement, highlighted by a sharp 53% year-on-year decline in consolidated net debt, which dropped to ₹915 crores. KPIL also reported that Net Working Capital (NWC) days stood at 75 days, with finance costs as a percentage of sales reaching multi-year lows. This strengthening of the balance sheet was further bolstered by the successful sale of the Vindhyachal Road Asset (VEPL) in the fourth quarter, marking the resolution of the majority of the firm’s non-core assets. In light of these strong results, the Board has recommended a dividend of ₹11 per share for the fiscal year.
Operational momentum remained high throughout the year, with total order inflows for FY26 reaching ₹26,400 crores. As of March 31, 2026, KPIL maintains a massive consolidated order book of ₹65,457 crores. The company’s momentum has already extended into the new fiscal year, having secured new orders worth approximately ₹1,833 crores year-to-date for FY27, with an additional ₹3,200 crores in projects where the company is currently the lowest bidder (L1).
On a standalone basis, the company’s performance was equally impressive. For the full year, standalone revenue rose 23% to ₹23,210 crores, with PBT before exceptional items growing 61% to ₹1,499 crores. The quarterly performance for Q4 FY26 also showed resilience, with consolidated revenue growing 10% to ₹7,778 crores and EBITDA margins improving by 60 basis points to 8.2%. The company noted that exceptional items for the period included provisions for the impairment of investments in Fasttel (Brazil) and new labor codes, offset by the gain from the VEPL sale.
Commenting on the results, Manish Mohnot, MD & CEO, KPIL said: “In FY26, we continued our growth momentum, marked by large-scale design-build order wins, accelerated productivity cycles, team build-up, and strengthening our international business. The strong performance reported in FY26 stands as a testament to an agile business model rooted in profitable growth, consistent execution, and disciplined working capital management. By meeting our revenue and profitability targets while fortifying our balance sheet, we have structurally enhanced our competitive positioning and solidified our leadership in the high-growth EPC verticals. More importantly, we have laid a resilient foundation for long-term expansion, backed by rigorous operational execution, deep capability building, and favorable market tailwinds. Looking ahead in FY27, we remain committed to healthy growth and expanding our business on the back of robust order book and strong business visibility, while steadfastly advancing our margins and further strengthening our balance sheet.”
