Kalpataru Projects International Limited (KPIL), a leading infrastructure EPC company, announced its results today for the quarter ended 30th June, 2026.
Key Business Updates – Q1 FY27:
Consolidated revenue of ₹ 6,408 crores, EBITDA of ₹ 562 crores and PBT of ₹ 420 crores, achieved in the quarter is the highest ever for Q1
Consolidated EBITDA and PBT margin improved by 30 bps and 190 bps, respectively, on back of diversified business mix and efficient working capital management
India Ratings & Research (Ind-Ra) upgraded credit rating to IND AA+/Stable, reaffirming KPIL’s strong financial profile and prudent capital structure
Consolidated net debt down by 67% YoY to ₹ 917 crores and Net Working Capital days declined by 11 days YoY to 80 days
Order inflows till date in FY27 stands at ₹ 7,668 crores, further favourably placed in orders worth ~₹ 7,300 crores
Order book at all-time high of ₹ 66,607 crores with marquee project wins in T&D, B&F and Water business in Q1 FY27
KPIL’s CRISIL ESG Rating improved to Strong from Adequate, with a CRISIL Core ESG Rating of 65, reflecting the Company’s continued progress in ESG performance and responsible business practices
Consolidated Financial Highlights Q1 FY’27:
Revenue grew 4% YoY to ₹ 6,408 Crores in Q1 FY27; Comparable revenue growth excluding Road SPVs and Brazil business stands at 9% YoY
EBITDA up 7% YoY to ₹ 562 Crores in Q1 FY27; EBITDA Margin at 8.8%, up by 30 bps in Q1 FY27
PBT growth of 45% YoY to ₹ 420 Crores; PBT margin increased by 190 bps to 6.6% for Q1 FY27
PAT at ₹ 312 Crores, growth of 46% YoY in Q1 FY27
Net Debt down by 67% YoY at ₹ 917 Crores as on 30 June 2026
Standalone Financial Highlights Q1 FY’27:
Revenue growth of 9% YoY to ₹ 5,482 Crores in Q1 FY27; Growth led by T&D, B&F, Oil & Gas and Urban Infra businesses
EBITDA grew by 14% YoY to ₹ 488 Crores in Q1 FY27; EBITDA Margin up by 40 bps nearing ~9% in Q1 FY27
PBT increased by 32% YoY to ₹ 361 Crores; PBT margin at 6.6% for Q1 FY27, up 120 bps
PAT grew by 32% YoY to ₹ 265 Crores
Net Debt at ₹ 752 Crores as on 30 June 2026 compared to ₹ 749 Crores for period ended 31 March 2026
Order Intake and Order Book Update
Received new orders worth of ₹ 876 crores till date in Q2 FY27, includes marquee order wins in T&D and Oil & Gas business in India
Order inflows at ₹ 7,668 crores for till date in FY27; Further, favourably placed/ L1 in orders worth ~ ₹ 7,300 Crores, led by T&D and B&F business
Order book stands at ₹ 66,607 crores as on 30th June, 2026
Management Comment
Commenting on the results, Mr. 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.
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.”
