Kalpataru Projects International Reports Highest Ever Quarterly Revenue and Profitability

New Delhi, November 1, 2025: Infrastructure EPC company Kalpataru Projects International Limited has announced its results for the quarter and half year ended 30th September, 2025. Here are the highlights:

Quarterly Performance (Q2 FY26 vs Q2 FY25)

• Revenue grew by 32% YoY to INR 6,529 Crores led by robust execution and healthy order backlog
• EBITDA up 28% YoY to INR 561 Crores; EBITDA Margin at 8.6%
• PBT grew by 71% YoY to INR 322 crores; PBT margin improves by 110 bps to 4.9%
• PAT at INR 237 crores in Q2 FY26 compared to INR 126 crores in Q2 FY25, reflecting a growth of 89% YoY

Half Yearly Performance (H1 FY26 vs H1 FY25)

• Revenue stands at INR 12,700 Crores, increase of 33% YoY
• EBITDA up 33% YoY to INR 1,087 Crores; EBITDA Margin at 8.6%
• PBT grew by 88% YoY to INR 612 crores; PBT margin up by 140 bps to 4.8%
• PAT up 115% YoY to INR 451 crores
• Net debt at INR 3,169 crore, a decline of 14% YoY; Net Working Capital improves by 8 days to 90 days as of 30 September 2025

Standalone Financial Highlights

Quarterly Performance (Q2 FY26 vs Q2 FY25)

• Reported revenue of INR 5,419 Crores, marking an impressive 31% YoY growth
• EBITDA up by 28% YoY to INR 447 Crores; EBITDA Margin at 8.3%
• PBT grew by 48% YoY to INR 272 crores with PBT Margin at 5.0%.
• PAT up by 51% YoY to INR 200 crores

Half Yearly Performance (H1 FY26 vs H1 FY25)

• Revenue stands at INR 10,459 Crores, up 33% YoY
• EBITDA up by 32% YoY to INR 876 Crores; EBITDA Margin at 8.4%
• PBT grew by 57% YoY to INR 546 crores; PBT Margin improves by 80 bps to 5.2%
• PAT up by 61% YoY to INR 401 crores
• Net debt at INR 2,189 crore, a decline of 22% YoY; Net Working Capital at 102 days as on 30th September 2025, decline of 16 days YoY and 4 days QoQ

Order Intake & Order Book

• Received new orders worth INR 14,951 crores till date in FY26, growth of ~26% YoY; Further, favourably placed in orders worth ~ INR 5,000 Crores
• Consolidated Order book as of 30th September 2025, after giving effect to change in scope, stands at INR 64,682 crores

Commenting on the results, Manish Mohnot, MD & CEO, KPIL said: “We have delivered another quarter of strong performance, building on the momentum of the previous quarter. This quarter happens to be the best ever Q2 in terms of revenue and profitability, as our consolidated revenue grew by 32% YoY, PBT grew by 71% YoY with margin expansion of 110 bps to 4.9% and PAT grew by 89%YoY. Additionally, our order book stands strong at INR 64,682 Crores, as we have secured orders nearly worth INR 14,951 Crores and further are favourably placed in projects worth INR 5,000 Crores, mainly in the T&D business. The robust performance reflects the strength of our underlying business model, which focuses on profitable growth, diversified business mix, efficient working capital management and relentless focus towards building future-proof capabilities.

“Looking ahead, we remain committed to improve our project delivery capabilities, further strengthen our balance sheet and continue investing to scale high-growth business verticals. We believe these objectives, coupled with strong business visibility in power T&D and civil construction, well positions us to deliver on our growth targets going forward.”

KPIL is one of the largest specialized EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing projects in over 30 countries and has a global footprint in 75 countries.