Kalpataru Projects Posts Strong FY26 Results

18 May 2026 CW Team

Kalpataru Projects International Limited (KPIL) reported consolidated results for the quarter and year ended 31 March 2026, reporting highest annual revenue and improved profitability. Annual consolidated revenue rose 22 per cent to Rs 271.43 bn and profit before tax before exceptional items increased 62 per cent to Rs 13.34 bn. Profit before tax after exceptional items was Rs 13.71 bn and earnings per share were Rs 60.90. Net debt declined 53 per cent year on year to Rs 9,150 mn and net working capital was 75 days.

Quarterly consolidated revenue was Rs 77.78 bn, up 10 per cent year on year. EBITDA rose 19 per cent to Rs 6,400 mn and EBITDA margin was eight point two per cent, up 60 bps. Profit before tax before exceptional items rose 50 per cent to Rs 4,450 mn, with a PBT margin of five point seven per cent, and PBT after exceptional items was Rs 5,110 mn.

For the full year EBITDA was Rs 22.40 bn, with an EBITDA margin of eight point three per cent and strengthened PBT margins driven by diversified project mix and disciplined working capital. Finance costs and leverage were at multi-year lows. The board has proposed a dividend of Rs 11 per equity share for FY26.

Order inflows for FY26 totalled Rs 264.00 bn and the consolidated order book was Rs 654.57 bn as on 31 March 2026. The company reported new orders of Rs 18.33 bn year to date for FY27 and remained favourably placed on bids totalling about Rs 32.00 bn. Sale of a road asset in the fourth quarter aided deleveraging.

Management said the company continued to execute large design-build projects, scale international operations and focus on margin improvement and balance sheet strength. The board added it will leverage the robust order book to pursue disciplined growth in FY27.

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