Kalpataru Projects International Limited (KPIL) has reported a strong financial performance for the quarter ended 30 June 2026, with growth across revenue, profitability, order inflows and balance-sheet strength.
Consolidated revenue increased 4% YoY to ₹6,408 crore, while EBITDA rose 7% to ₹562 crore. Profit Before Tax (PBT) climbed 45% YoY to ₹420 crore, with the PBT margin expanding by 190 basis points to 6.6%.
Net profit stood at ₹312 crore, registering a 46% YoY increase.
Key Highlights – Q1 FY27
📈 Revenue: ₹6,408 crore, up 4% YoY
💰 EBITDA: ₹562 crore, up 7% YoY
📊 PBT: ₹420 crore, up 45% YoY
🚀 PAT: ₹312 crore, up 46% YoY
📚 Order Book: ₹66,607 crore — highest ever
🏗️ FY27 Order Inflows: ₹7,668 crore
🔎 L1/Favourably Placed Orders: ~₹7,300 crore
💳 Net Debt: ₹917 crore, down 67% YoY
⭐ Credit Rating: Upgraded to IND AA+/Stable
KPIL said its consolidated EBITDA and PBT performance for the quarter were the highest ever for a Q1, supported by a diversified business mix and improved working-capital management.
The company also strengthened its financial position during the quarter. Consolidated net debt declined 67% YoY to ₹917 crore, while net working capital days improved by 11 days YoY to 80 days.
Strong Order Momentum
KPIL’s order book reached an all-time high of ₹66,607 crore as of 30 June 2026, supported by project wins across Transmission & Distribution (T&D), Buildings & Factories (B&F), Water and other infrastructure segments.
Order inflows for FY27 stood at ₹7,668 crore, with another approximately ₹7,300 crore of orders favourably placed/L1, primarily led by the T&D and B&F businesses.
The company has also secured ₹876 crore of new orders in Q2 FY27 so far, including projects in T&D and Oil & Gas.
Management Outlook
Manish Mohnot, Managing Director & CEO of KPIL, said the Q1 performance reflected disciplined execution, improving profitability and strong order momentum across key businesses.
He highlighted KPIL’s recent wins in HVDC transmission and distribution, GIS substations, international water projects and design-build B&F projects, while noting that the company’s stronger balance sheet and record order backlog provide a solid foundation for future growth.
KPIL’s IND AA+/Stable credit-rating upgrade further strengthens its financial positioning as it pursues large-scale infrastructure opportunities across India and international markets.
