New Delhi: Kalpataru Projects International Limited (KPIL), a leading infrastructure EPC company, announced its results today for the quarter and full year ended 31st March 2026.
KEY HIGHLIGHTS:
- Revenue growth led by strong execution and healthy backlog in Power Transmission and Distribution (T&D), Buildings and Factories (B&F), Oil and Gas and Urban Infra business
- EBITDA and PBT margin improved on back of strong revenue growth, diversified project mix and efficient working capital management
- Debt levels, Net Working Capital (NWC) days and finance cost as percentage to sales at multi-year low levels in-line with focus on strengthening balance sheet and improving returns ratio
- Completed sale of Vindhyachal Road Asset (VEPL) in Q4 FY26; Achieved resolution of majority of non-core assets
- Business visibility continues to remain robust across businesses led by T&D, B&F, Oil and Gas and Urban Infra
CONSOLIDATED FINANCIAL PERFORMANCE
Quarterly Performance (Q4 FY26 vs Q4 FY25)
- Revenue grew 10% YoY to ₹7,778 Crores
- EBITDA grew by 19% YoY to ₹640 Crores; EBITDA Margin at 8.2%, up by 60 bps
- PBT (Before Exceptional items) grew 50% YoY to ₹445 Crores; PBT margin up 150 bps to 5.7%
- PBT(After Exceptional items) grew by 73% to ₹511 crores with PBT Margin up 240 bps to 6.6%
- Net Debt As on 31st March 2026 down by 53% YoY to ₹915 Crores; NWC days at 75 days
Full Year Performance ( FY26 vs FY25
- Revenue stands at ₹27,143 Crores, increase of 22% YoY
- EBITDA up 22% YoY to ₹2,240 Crores; EBITDA Margin at 8.3%, up by 10 bps
- PBT(Before Exceptional items) grew 62% YoY to ₹1,334 crores; PBT margin up 120 bps to 4.9%
- PBT(After Exceptional items) grew 67% YoY to ₹1,371 crores; PBT margin up 140 bps to 5.1%
- Consolidated EPS up by 71% at ₹60.90 per share
STANDALONE FINANCIAL PERFORMANCE
Quarterly Performance (Q4 FY26 vs Q4 FY25)
- Revenue at ₹6,964 Crores, up 12% YoY
- EBITDA grew by 29% YoY to ₹672 Crores; EBITDA Margin at 9.6%, up by 120 bps
- PBT (Before Exceptional items) up 76% YoY to ₹639 crores with PBT Margin at 9.2%, and increase of 330 bps YoY
- PBT (After Exceptional items) stood at ₹312 crores with PBT Margin at 4.5%
- Net debt down by 32% YoY to ₹749 Crore
Full year Performance (FY26 vs FY25)
- Revenue stands at ₹23,210 Crores, up 23% YoY
- EBITDA up 28% YoY to ₹2,029 Crores; EBITDA Margin at 8.7%, up by 30 bps
- PBT(Before Exceptional items) grew 61% YoY to ₹1,499 crores; PBT Margin up 160 bps to 6.5%
- PBT(After Exceptional items) up 28% YoY to ₹1,143 crores; PBT Margin at 4.9%, increase of 20 bps YoY
- Standalone EPS up by 24% to ₹48.71 per share
* PBT Before Exceptional Items; Exceptional item for Q4 FY26 and FY FY26 pertains to: (1) Provision towards impairment of investments in Fasttel (Brazil) (2) Gain on sale of VEPL (3) Provision for New Labour Codes
ORDER INTAKE & ORDER BOOK
- Total Order inflows of ₹26,400 crores for FY26, led by T&D and B&F business
- Consolidated order book stands at ₹65,457 crores as on 31st March 2026
- Received new orders of ~ ₹1,833 crores YTD FY27; Further, favourably placed/ L1 in orders worth ~ ₹3,200 Crores
DIVIDEND
- Recommended a dividend of ₹11 per equity share i.e. 550% of Face Value of ₹2 per share for FY26
