KPIL Q1 FY27 Revenue Hits Rs 6,408 Crore as Net Profit Surges 46 Percent to Rs 312 Crore
New Delhi, August 12, 2026: Kalpataru Projects International Limited (KPIL), a leading infrastructure EPC company, announced its financial results for the first quarter ended June 30, 2026, delivering record Q1 performance in revenue, profitability, and order book strength. The company reported a 4 percent year-on-year increase in consolidated revenue to Rs 6,408 crore, while comparable revenue growth, excluding Road SPVs and the Brazil business, stood at 9 percent. Consolidated net profit for the quarter surged 46 percent year-on-year to Rs 312 crore, KPIL said in a press release.
The company achieved its highest-ever Q1 figures for consolidated EBITDA and profit before tax (PBT). Consolidated EBITDA rose 7 percent year-on-year to Rs 562 crore, with margins expanding by 30 basis points to 8.8 percent. PBT increased 45 percent year-on-year to Rs 420 crore, with PBT margin expanding by 190 basis points to 6.6 percent, driven by a diversified business mix and efficient working capital management.
On a standalone basis, KPIL recorded a 9 percent year-on-year revenue growth to Rs 5,482 crore, led by robust performance across its Transmission & Distribution (T&D), Buildings & Factories (B&F), Oil & Gas, and Urban Infrastructure verticals. Standalone EBITDA grew 14 percent to Rs 488 crore with margins approaching 9 percent, while standalone PBT grew 32 percent to Rs 361 crore. Standalone net profit also registered a 32 percent year-on-year gain to reach Rs 265 crore.
KPIL significantly strengthened its balance sheet during the quarter, reducing consolidated net debt by 67 percent year-on-year to Rs 917 crore as of June 30, 2026, while net working capital days dropped by 11 days year-on-year to 80 days. Standalone net debt stood at Rs 752 crore. The company’s financial profile earned a credit rating upgrade from India Ratings & Research to IND AA+/Stable, while its CRISIL ESG rating improved to Strong with a Core ESG rating of 65.
The company reported order inflows of Rs 7,668 crore till date in FY27, including Rs 876 crore received in Q2 FY27 for marquee T&D and Oil & Gas projects in India. KPIL remains favourably placed as L1 in additional orders worth approximately Rs 7,300 crore, bringing total year-to-date order momentum to nearly Rs 15,000 crore. As of June 30, 2026, KPIL’s order book reached an all-time high of Rs 66,607 crore, bolstered by major project wins across T&D, B&F, and water business segments.
Commenting on the quarterly performance, Manish Mohnot, MD & CEO, KPIL, said, “Q1 FY27 marks a strong beginning to the financial year for KPIL, driven by disciplined execution, expanding profitability, and robust order momentum across our key businesses. This performance underscores the resilience of our business model and validates the strategic capabilities we have built over the recent years. During the quarter, we advanced our competitive edge through integrated offerings and niche capabilities, securing marquee projects across HVDC T&D, GIS substation, international water business, and multiple design-build B&F projects, paving the way for future growth and strategic expansion.”
Mohnot further added, “Furthermore, I am delighted to announce that our credit rating has been upgraded to AA+, positioning us among an elite group of large-scale EPC players with such financial standing. Looking forward, with a fortified balance sheet, a robust order backlog, and solid momentum across key business verticals, I am confident that our scalable and diversified business model and leadership depth will help us to drive sustainable growth and maximize long-term shareholder value.”
