Date: 11th August, 2026
Consolidated Financial Highlights Q1 FY27
Revenue Performance:
- Consolidated revenue of ₹6,408 crores, representing 4% year-over-year (YoY) growth
- Comparable revenue growth excluding Road SPVs and Brazil business stands at 9% YoY
- This is the highest ever Q1 revenue achieved by the company
Profitability Metrics:
- EBITDA of ₹562 crores, up 7% YoY
- EBITDA Margin at 8.8%, expanding by 30 basis points (bps) YoY
- PBT of ₹420 crores, showing 45% YoY growth
- PBT Margin at 6.6%, expanding by 190 bps YoY
- PAT of ₹312 crores, surging 46% YoY
Balance Sheet & Liquidity:
- Net debt reduced by 67% YoY to ₹917 crores as on 30 June 2026
- Net Working Capital days declined by 11 days YoY to 80 days
Standalone Financial Highlights Q1 FY27
Revenue Performance:
- Revenue growth of 9% YoY to ₹5,482 crores
- Growth led by T&D, B&F, Oil & Gas and Urban Infra businesses
Profitability Metrics:
- EBITDA grew by 14% YoY to ₹488 crores
- EBITDA Margin improved by 40 bps, nearing ~9%
- PBT increased by 32% YoY to ₹361 crores
- PBT margin at 6.6%, up 120 bps
- PAT grew by 32% YoY to ₹265 crores
Balance Sheet:
- Net Debt at ₹752 crores as on 30 June 2026 compared to ₹749 crores as of 31 March 2026
Order Intake and Order Book Update
Order Inflows:
- Received new orders worth ₹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 approximately ₹7,300 crores
- Strong ordering momentum led by T&D and B&F business
Order Book Position:
- Order book stands at ₹66,607 crores as on 30th June, 2026
- This represents an all-time high order book for the company
Business Updates and Credit Ratings
Credit Rating Upgrade:
- India Ratings & Research (Ind-Ra) upgraded credit rating to IND AA+/Stable
- This reaffirms KPIL's strong financial profile and prudent capital structure
- Positions KPIL among elite group of large-scale EPC players with such financial standing
ESG Performance:
- CRISIL ESG Rating improved to Strong from Adequate
- CRISIL Core ESG Rating of 65
- Reflects the Company's continued progress in ESG performance and responsible business practices
Management Commentary
Mr. Manish Mohnot, MD & CEO, KPIL commented:
- Q1 FY27 marks a strong beginning to the financial year driven by disciplined execution, expanding profitability, and robust order momentum
- Performance underscores the resilience of the business model and validates strategic capabilities built over recent years
- Advanced competitive edge through integrated offerings and niche capabilities
- Secured marquee projects across HVDC T&D, GIS substation, international water business, and multiple design-build B&F projects
- With fortified balance sheet, robust order backlog, and solid momentum across key business verticals, confident that scalable and diversified business model will drive sustainable growth
- Leadership depth will help maximize long-term shareholder value
Business Verticals
The company operates across multiple infrastructure verticals including:
- T&D (Transmission & Distribution)
- B&F (Buildings & Factories)
- Water
- Oil & Gas
- Railways
- Urban Infra
Company Background
Kalpataru Projects International Limited (KPIL) is one of the largest engineering, procurement, and construction (EPC) companies in the world with a global footprint spanning 75 countries. The company offers integrated EPC solutions across diverse sectors including power transmission and distribution, buildings and factories, water supply and treatment, railways, oil and gas infrastructure, urban mobility, highways, and airports. KPIL operates two manufacturing facilities in India for fabrication of power transmission towers, heavy metal structures, and scaffolding and formwork systems. In FY2026, KPIL generated revenue of ₹27,143 crores (~USD 2.9 billion) with more than 250 projects under execution across over 30 countries.