Financial Performance Highlights
Kalpataru Projects International Limited (KPIL) reported exceptional financial results for FY 2025-26 with record consolidated revenue of ₹27,143 Crores, representing 22% YoY growth. Net profit surged 82% to ₹1,031 Crores, while EBITDA reached ₹2,240 Crores with an 8.3% margin. Standalone revenue stood at ₹23,210.06 Crores with profit after tax of ₹831.75 Crores. The company achieved its highest-ever order book of ₹65,457 Crores and reduced net debt by 53% to ₹915 Crores, maintaining a strong net debt-to-equity ratio of 0.1x.
Operational Excellence and Business Segments
The Power Transmission & Distribution segment contributed ₹12,501 Crores (25% growth), while Buildings & Factories delivered ₹6,958 Crores (19% growth). Oil & Gas showed remarkable 55% growth to ₹2,723 Crores, and Urban Infrastructure grew 49% to ₹1,158 Crores. KPIL maintained global presence across 75+ countries with significant projects including Saudi Aramco EPC work. The company received TPM Excellence Award for manufacturing excellence and implemented innovative Double Arm Gin Pole systems.
Corporate Actions and Subsidiary Developments
The Board recommended a final dividend of ₹11 per equity share (550% of face value), resulting in a cash outflow of ₹187.85 Crores if approved. KPIL completed the divestment of Vindhyachal Expressway Private Limited to Actis for ₹215.86 Crores, recording an exceptional gain of ₹188.36 Crores. However, the company faced challenges in Brazil where Fasttel Engenharia S.A. filed for Judicial Reorganization, leading to a full impairment of ₹515.04 Crores in investments and receivables. KPIL acquired the remaining 35% stake in Kalpataru Projects Arabia Company, making it wholly owned.
Sustainability and Governance Achievements
KPIL achieved significant sustainability milestones, ranking Top 15 globally in S&P Global Corporate Sustainability Assessment 2025. The international T&D business maintained carbon neutrality for the third consecutive year, with ambitious targets for water neutrality by 2032 and full carbon neutrality by 2040. The company reported CSR spending of ₹6.49 Crores, impacting 99,000+ lives. Governance enhancements included board committee reconstitution with new independent director appointments and detailed disclosure of executive remuneration, including Managing Director Manish Mohnot's ₹25 Crore compensation.
Outlook and AGM Details
The company targets order inflows exceeding ₹30,000 Crores for FY27 with 15%+ revenue growth, driven by energy transition, urban mobility, and international expansion opportunities. The 45th Annual General Meeting is scheduled for July 15, 2026, to approve financial statements, dividend declaration, director appointments, and special business including increasing borrowing limits to ₹40,000 Crores. KPIL maintains strong credit ratings of CRISIL AA/Stable and IND AA/Stable for its debt instruments.