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Kalpataru Projects International Results: Latest Quarterly Results & Analysis

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Kalpataru Projects International Ltd. 31 Oct 2025 14:52 PM
Result PDF

Q2FY26 Quarterly Result Announced for Kalpataru Projects International Ltd.

Construction & Engineering company Kalpataru Projects International announced Q2FY26 results

Q2FY26 Consolidated Financial Highlights:

  • Revenue grew by 32% YoY to Rs 6,529 crore led by robust execution and healthy order backlog.
  • EBITDA up 28% YoY to Rs 561 crore; EBITDA Margin at 8.6%.
  • PBT grew by 71% YoY to Rs 322 crore; PBT margin improves by 110 bps to 4.9%.
  • PAT at Rs 237 crore in Q2FY26 compared to Rs 126 crore in Q2FY25, reflecting a growth of 89% YoY.

Q2FY26 Standalone Financial Highlights:

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

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 Rs 64,682 crore, as we have secured orders nearly worth Rs 14,951 crore and further are favourably placed in projects worth Rs 5,000 crore, 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.”

Result PDF

Result PDF

Construction & Engineering company Kalpataru Projects International announced Q1FY26 results

  • Revenue for Q1FY26 grew by 35% YoY to Rs 6,171 crore.
  • EBITDA increased by 39% YoY to Rs 525 crore; EBITDA Margin at 8.5%.
  • PBT grew by 112% YoY to Rs 290 crore; PBT Margin expansion by 170 bps to 4.7%.
  • PAT grew by 154% YoY to Rs 214 crore with PAT Margin at 3.5% compared to 1.8% in Q1FY25.
  • Net Debt down by 26% YoY to Rs 2,765 crore; Net Working Capital days declined by 12 days YoY to 91 days as of 30th June 2025.

Manish Mohnot, MD & CEO, KPIL said: “The strong all-round operational and financial performance in Q1 has set a strong growth momentum for KPIL as we begin the new financial year. We have delivered highest-ever first-quarter revenue and profitability on back of well-planned diversification, healthy business mix and disciplined execution. In Q1FY26, KPIL achieved YoY growth of 35% in revenue, 39% in EBITDA, 112% in PBT, and 154% in PAT, with improvement in margins and efficient working capital management. Our order book stands at record level of Rs 65,475 crore and business visibility remains robust in majority of our businesses as we have secured orders worth Rs 9,899 crore till date in FY26.

Building on our capabilities and diversified business profile, we remain firmly aligned and on track to deliver targeted revenue growth and profitability for FY26 and going forward.”

Result PDF

Construction & Engineering company Kalpataru Projects International announced Q4FY25 & FY25 results

Consolidated Q4FY25 Financial Highlights:

  • Revenue increased by 18% YoY to Rs 7,067 crore
  • EBITDA increased by 19% YoY to Rs 538 crore
  • PBT grew by 40% YoY to Rs 296 crore
  • PAT grew by 29% YoY to Rs 218 crore

Consolidated Q4FY25 Financial Highlights:

  • Revenue for FY25 stands at Rs 22,316 crore, increase of 14% YoY
  • EBITDA at Rs 1,834 crore, up by 13% YoY; EBITDA Margin at 8.2%
  • PBT grew by 17% YoY to Rs 823 crore
  • PAT stands at Rs 567 crore in FY25
  • Net Debt stands at Rs 1,953 crore as on 31st March 2025

Standalone Q4FY25 Financial Highlights:

  • Revenue for Q4FY25 stands at Rs 6,204 crore, growth of 21% YoY
  • EBITDA grew by 31% YoY to Rs 523 crore; EBITDA Margin up by 70 bps to 8.4%
  • PBT before exceptional items grew by 49% YoY to Rs 364 crore
  • PBT after exceptional items up by 58% YoY to Rs 331 crore; PBT Margin up by 120 bps to 5.3%
  • PAT grew by 61% YoY to Rs 242 crore in Q4 FY25

Standalone FY25 Financial Highlights:

  • Revenue for FY25 stands at Rs 18,888 crore, up 13% YoY
  • EBITDA grew by 16% YoY to Rs 1,587 crore; EBITDA Margin up by 30 bps to 8.4%
  • PBT before exceptional items grew by 20% YoY to Rs 929 crore
  • PBT after exceptional items up by 21% YoY to Rs 896 crore; PBT Margin up by 30 bps to 4.7%
  • PAT increased by 22% YoY to Rs 648 crore
  • Net debt at Rs 1,107 crore as on 31st March 2025

Commenting on the results, Manish Mohnot, MD & CEO, KPIL said: “We have closed the FY25 on a momentous note with consolidated revenues crossing the Rs 22,000 crore mark, record profitability, all-time high order book and efficient working capital. As set out at the start of the year, we have delivered on our: (1) profitability improvement goals along with double-digit revenue growth, (2) improved working capital ratios with net working capital at 94 days, and (3) strengthen returns ratio with over 100 bps improvement in ROCE.

Our closing order book stands at historic high of Rs 64,495 crore on back of strong order inflows of Rs 25,475 crore, more importantly majority of these orders are at better margins and contributed by our flagship T&D and B&F business. We continue to relentlessly focus on securing complex large size EPC projects, expanding global reach, invest in capex to improve competiveness, strengthen team and improve delivery capabilities.

The new fiscal FY26 provides us with strong business visibility in the domestic and international markets backed by global focus on energy transition and creation of sustainable infrastructure. Further, we expect to improve the revenue growth trajectory on back of strong order backlog and proven execution capabilities. Having said that, we will also continue to maintain steadfast focus on improving our return ratios and pursue margin enhancement while maintaining the robustness of our balance sheet“.

Result PDF

Construction & Engineering company Kalpataru Projects International announced Q3FY25 results

  • Revenue increased by 17% YoY to Rs 5,732 crore, backed by strong execution and robust order backlog.
  • EBITDA grew by 13% YoY to Rs 479 crore; EBITDA Margin at 8.4%.
  • PBT grew by 5% YoY to Rs 202 crore with margin at 3.5%.
  • PAT stands at Rs 140 crore in Q3FY25 compared to Rs 144 crore in Q3FY24.

Manish Mohnot, MD & CEO, KPIL said: “We have delivered noteworthy performance in Q3FY25, with consolidated revenue growth of 17%, an EBITDA margin of 8.4%, and YTD order inflows, including L1, exceeding Rs 22,600 crore. Our business profile remains well-diversified, with a record-high order book of Rs 61,429 crore, providing strong visibility for the coming quarters. We continue to focus on enhancing our capabilities, achieving operational excellence, and strengthening our competitive position, as reflected in our consistent and strong financial performance.

The recently announced Union Budget places strong emphasis on investments in power transmission, clean energy, water supply, urban mobility, new regional airports, and other key EPC segments. In this backdrop, we are well placed to seize upcoming opportunities and further strengthen our market position given our demonstrated capabilities in diverse EPC segments, strong balance sheet, and extensive global experience.

Looking ahead, we remain committed to deliver consistent and profitable growth while maintaining a strong balance sheet thereby delivering long-term value for our stake holders.”

Result PDF

Construction & Engineering company Kalpataru Projects International announced Q2FY25 results

Standalone Financial Highlights:

  • Revenue for Q2FY25 stands at Rs 4,136 crore, up 8% YoY.
  • EBITDA up by 13% YoY to Rs 348 crore; EBITDA Margin at 8.4% for Q2FY25.
  • PBT grew by 15% to Rs 184 crore, PBT margin at 4.4% for Q2FY25.
  • PAT of Rs 132 crore in Q2FY25, up by 17% YoY.

Consolidated Financial Highlights:

  • Revenue growth of 9% YoY to Rs 4,930 crore in Q2FY25 led by robust execution and healthy order backlog.
  • EBITDA grew by 18% YoY to Rs 438 crore; EBITDA Margin at 8.9% in Q2FY25.
  • PBT grew by 42% YoY to Rs 188 crore in Q2FY25 with margin at 3.8%.
  • PAT up by 40% YoY to Rs 126 crore in Q2FY25.

Manish Mohnot, MD & CEO, KPIL said: “We have delivered solid performance this quarter, backed by consolidated revenue growth of 9% to Rs 4,930 crore, PBT growth of 42% YoY Rs 188 crore and PAT growth of 40% YoY to Rs 126 crore. More importantly, the growth has come along with strong order book position Rs 60,631 crore and YTD order inflows approx. Rs 19,000 crore (including L1 of over Rs 7,000 crore). Our diversified business mix, consistent performance, established capabilities and strong balance sheet showcases the underlying strength of our business model.”

Result PDF

Construction & Engineering company Kalpataru Projects International announced Q1FY25 results:

Consolidated:

  • Revenue increased by 8.2% YoY to Rs 4,587 crore driven by T&D and B&F business
  • EBITDA at Rs 378 crore with margin of 8.2%; EBITDA margin declined due to variation in project mix and investment in resource augmentation to support execution going forward
  • PBT at Rs 137 crore with a margin of 3.0%
  • PAT at Rs 84 crore for Q1 FY25
  • Net Consolidated Debt at Rs 3,739 crore as on 30th June 2024

Standalone:

  • Revenue up by 3% YoY at Rs 3,722 crore; Revenue growth moderated mainly due to water business given lower collections on account of delay in budgetary allocations
  • EBITDA at Rs 314 crore with margin of 8.4%
  • PBT at Rs 164 crore with margin of 4.4%
  • PAT at Rs 117 crore with a margin of 3.1%

Commenting on the results,  Manish Mohnot, MD & CEO, KPIL said: “We have delivered resilient performance in Q1FY25 despite lower manpower availability and delay in collections given typical seasonality and general elections. However, getting in Q2 FY25, we have started to see moderation in working capital intensity with improving budgetary allocations. We are confident of achieving our targeted net working capital of below 100 days by end of FY25.

Further, we are pleased with the ordering momentum, which is reflected from the fact that in first four months of the FY25 itself, our order inflows including L1 has reached over Rs 12,000 crore. More importantly, most of the new orders secured are in the T&D and B&F business, which are at better margin and in-line with our focus to improve profitability going forward.

With our strong order backlog, execution prowess and financial prudence, we are well-positioned to deliver the targeted annual revenue growth of 20% for FY25.”

Result PDF

Construction & Engineering company Kalpataru Projects International announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Standalone:

  • Revenue for Q4FY24 stands at Rs 5,147 crore, up 17% YoY
  • EBITDA up by 29% YoY to Rs 400 crore
  • PBT Before Exceptional Items grew by 48% to Rs 245 crore
  • PAT of Rs 150 crore in Q4FY24

Consolidated:

  • Revenue grew by 22% YoY to Rs 5,971 crore driven by healthy project execution
  • EBITDA grew by 36% YoY to Rs 452 crore
  • PBT grew by 103% YoY to Rs 211 crore in Q4 FY24
  • PAT up by 21% YoY to Rs 169 crore in Q4 FY24

FY24 Financial Highlights:

Standalone:

  • Revenue for FY24 stands at Rs 16,760 crore, up 17% YoY
  • EBITDA at Rs 1,366 crore higher by 18% YoY; EBITDA Margin at 8.2% for FY24
  • PBT Before Exceptional Items at Rs 774 crore in FY24, up 13% YoY
  • PAT at Rs 533 crore
  • Net debt stands at Rs 1,833 crore as on 31st March 2024

Consolidated:

  • Revenue for FY24 stands at Rs 19,626 crore, up 20% YoY
  • EBITDA at Rs 1,628 crore higher by 19% YoY; EBITDA Margin at 8.3% for FY24
  • PBT at Rs 701 crore in FY24, up by 27% YoY
  • PAT grew by 19% YoY to Rs 516 crore in FY24
  • Net Debt stand at Rs 2,591 crore as on 31st March 2024

Commenting on the results, Manish Mohnot, MD & CEO, KPIL said: “FY24 has been momentous year for KPIL. We have delivered robust performance, marking highest ever consolidated revenue, EBITDA and order book in our history, reaching Rs 19,626 crore, Rs 1,628 crore and Rs 58,415 crore, respectively. This achievement, coupled with our commitment to pursue profitable growth and efficiently manage our working capital, ensured we deliver stable margins, maintain prudent debt level and improve working capital cycle, underscoring our efficiency and agility.

Simultaneously, we have made strategic inroads in numerous large size orders for oil & gas, underground metro tunnelling, airport, data center, design-build B&F projects and T&D projects in both domestic and international markets. This is a testament to our consistent focus on strengthening execution capabilities, build diversified and resilient business mix and improve our market position in high growth EPC businesses.

As we move forward, we will continue to strengthen our position in the T&D and civil construction sector given the huge impetus on renewable energy and infrastructure development in India and globally. Our strong order book and diversified business mix gives us confidence to sustain growth momentum in FY25 and beyond.”

Result PDF

Electric Utilities company Kalpataru Projects International announced Q3FY24 & 9MFY24 results:

Consolidated Financial Performance:
- Q3FY24 revenue increased by 22.3% YoY to Rs 4,896 crore.
- EBITDA for Q3FY24 grew by 13.4% YoY to Rs 424 crore, with an EBITDA margin of 8.7%.
- Profit Before Tax (PBT) for Q3FY24 saw a growth of 21.4% YoY, standing at Rs 193 crore, with a PBT margin of 3.9%.
- Profit After Tax (PAT) in Q3FY24 rose by 32.1% YoY to Rs 144 crore, with a PAT margin of 2.9%.
- The 9MFY24 performance showed a revenue rise of 19.0% YoY to Rs 13,655 crore, an EBITDA increase of 13.3% to Rs 1,176 crore, and a PAT growth of 17.6% YoY to Rs 347 crore.

Standalone Financial Performance:
- Q3FY24 revenue stood at Rs 4,147 crore, an 18.2% increase YoY.
- Standalone EBITDA for Q3FY24 increased by 12.8% to Rs 344 crore, with an 8.3% margin.
- Standalone PBT in Q3FY24 grew by 17.6% to Rs 194 crore, while PAT rose by 29.7% to Rs 144 crore.
- For 9MFY24, revenue stood at Rs 11,613 crore (up 16.8% YoY), with EBITDA at Rs 966 crore and PAT at Rs 383 crore.

Order Intake & Order Book:
- 9MFY24 order inflows stood at Rs 18,065 crore, with new orders of Rs 380 crore received in Q4FY24 to date.
- Order book at Rs 51,753 crore as of December 31, 2023, an increase of 25% YoY; Additional L1 position of around Rs 6,000 crore

Manish Mohnot, MD & CEO of KPIL, commented on the financial results stating: "KPIL has delivered another quarter of strong performance driven by robust project execution and record order book.

The last few quarters are one of our best quarters in terms of business development. With order wins and L1 of nearly Rs 24,000 crore, we closed last quarter with an all-time high order book of Rs 51,753 crore. We have made notable strides by securing large-size EPC projects in the T&D, B&F, and Urban Infra business. These project places us favourably to take advantage of the huge infra development push happening in India and overseas markets.

Our robust order book, established capabilities, and healthy tender pipeline give us the confidence to deliver profitable growth in the coming quarters and achieve our vision for 2025."

 

 

Result PDF

Electric Utilities company Kalpataru Projects International announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Consolidated:
      • Revenue growth of 19% YoY to Rs 4,518 crore in Q2FY24 led by robust execution and healthy order book in T&D, B&F, and Water businesses
      • EBITDA grew by 6% YoY to Rs 370 crore; EBITDA Margin at 8.2% in Q2FY24 given the change in project mix and lower profitability in international subsidiaries
      • PBT at Rs 132 crore in Q2FY24 with margin at 2.9%
      • PAT of Rs 90 crore in Q2FY24 compared to Rs 98 crore in Q2FY23
    • Standalone:
      • Revenue for Q2FY24 stands at Rs 3,844 crore, up 17% YoY
      • EBITDA up by 12% YoY to Rs 308 crore; EBITDA Margin at 8.0% for Q2FY24
      • PBT grew by 10% to Rs 160 crore, PBT margin at 4.2% for Q2FY23
      • PAT of Rs 113 crore in Q2FY24, up by 9% YoY
  • H1FY24:
    • Consolidated:
      • Revenue for H1FY24 stands at Rs 8,759 crore, up 17% YoY
      • EBITDA at Rs 752 crore higher by 13% YoY; EBITDA Margin at 8.6% for H1FY24
      • PBT at Rs 297 crore in H1FY24, up by 10% YoY
      • PAT grew by 9% YoY to Rs 203 crore in H1FY24
      • Net Debt stands at Rs 3,183 crore as of September 30, 2023
    • Standalone:
      • Revenue for H1FY24 stands at Rs 7,466 crore, up 16% YoY
      • EBITDA at Rs 622 crore higher by 14% YoY; EBITDA Margin at 8.3% for H1FY24
      • PBT at Rs 335 crore in H1FY24 compared to Rs 352 crore in H1FY23
      • PAT of Rs 239 crore in H1FY24 compared to Rs 267 crore in H1FY23
      • Net debt stands at Rs 2,216 crore as on September 30, 2023
  • Order Intake and Order Book:
    • Received new orders (including international subsidiaries) of Rs 1,562 crore in the month of Oct-23 and Nov-23 till date; YTDFY24 order inflows have reached Rs 12,178 crore
    • Order book at Rs 47,040 crore as of 30 Sep 2023, an increase of 22% YoY; Additional L1 position of over Rs 4,200 crore

Commenting on the results, Manish Mohnot, MD & CEO, KPIL said, “We have delivered another quarter of good performance driven by robust execution and strong order inflows in our major business verticals. We achieved Rs 8,759 crore in revenues, representing a growth of 17% YoY, and Rs 752 crore of EBITDA, resulting in an 8.6% margin for H1FY24 at the consolidated level. As we move into the latter half of FY24, we believe a favourable shift in the business environment especially in the T&D and select civil business verticals will help us to strengthen our position further in the EPC market. Our order book at Rs 47,040 crore and L1 of over Rs 4,200 crore to date in the current financial year provides good visibility for growth in coming quarters.

We continue to drive growth and create differentiation by strengthening our capabilities organically and through strategic business development in newer areas like data centers, airports, heavy civil, design-build B&F projects, industrial projects, and manufacturing expansion. KPIL has established a strong diversified order book, expanded global reach, and robust execution capabilities, which makes it well poised to deliver profitable growth while maintaining a strong balance sheet.”

 

Result PDF

Electric Utilities company Kalpataru Projects International announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Revenue was up by 15% YoY to Rs 4,241 crore driven by robust project progress and strong order backlog
    • EBITDA grew by 21% YoY to Rs 382 crore; EBITDA margin up by 40 bps at 9.0%
    • PBT at Rs 165 crore with a margin of 3.9%
    • PAT up by 28% YoY to Rs 113 crore; PAT margin at 2.7% in Q1 FY24 compared to 2.4% in Q1FY23
    • Net consolidated Debt at Rs 3,174 crore as on June 30, 2023
    • Revenue of LMG (Sweden) of Rs 244 crore and Fasttel (Brazil) of Rs 164 crore
  • Standalone Q1FY24:
    • Revenue up by 15% YoY at Rs 3,622 crore
    • EBITDA grew by 17% YoY to Rs 314 crore; EBITDA margins up by 20 bps to 8.7%
    • PBT at Rs 175 crore with a margin of 4.8%
    • Reported PAT at Rs 126 crore with a margin of 3.5%
    • Standalone net debt as on June 30, 2023, at Rs 2,216 crore

Commenting on the results, Manish Mohnot, MD & CEO, KPTL said, “We have delivered another quarter of strong performance with notable growth in revenue, profitability & order book. We continue to deliver resilient and competitive performance whilst improving our consolidated EBITDA margin by 40 bps to reach 9% for Q1FY24. Additionally, our consolidated PAT grew by 28% YoY to Rs 113 crore.

This positive outcome is a direct result of our focused strategy aimed at consistently improving and delivering profitable growth through our deep expertise and operational excellence in core business areas.

Moreover, ordering activity remains positive across all our business verticals, as we have already secured orders worth Rs 7,383 crore and additionally have an L1 position of over Rs 4,000 crore.

Our robust financial profile combined with a well-diversified order backlog of Rs 47,332 crore positions us favourably for future growth and profitability”.

 

Result PDF

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