Key Financial Figures

Q2 FY27 Performance (Consolidated)

  • Income from operations: ₹4,144.67 million (vs. ₹2,834.00 million in Q2 FY26), representing 46.25% YoY growth
  • EBITDA (excluding Other Income): ₹248.64 million (vs. ₹179.11 million in Q2 FY26), representing 38.82% YoY growth
  • EBITDA Margin: 6.00% (vs. 6.32% in Q2 FY26), decline of 32 basis points
  • Profit After Tax: ₹186.73 million (vs. ₹131.81 million in Q2 FY26), representing 41.66% YoY growth
  • PAT Margin: 4.51% (vs. 4.65% in Q2 FY26), decline of 14 basis points
  • Basic EPS: ₹13.39 (vs. ₹9.42 in Q2 FY26), representing 42.14% YoY growth

H1 FY27 Performance (Consolidated)

  • Income from operations: ₹7,751.78 million (vs. ₹6,064.81 million in H1 FY26), representing 27.82% YoY growth
  • EBITDA (excluding Other Income): ₹476.62 million (vs. ₹392.64 million in H1 FY26), representing 21.39% YoY growth
  • EBITDA Margin: 6.15% (vs. 6.47% in H1 FY26), decline of 32 basis points
  • Profit After Tax: ₹360.35 million (vs. ₹295.14 million in H1 FY26), representing 22.09% YoY growth
  • PAT Margin: 4.65% (vs. 4.87% in H1 FY26), decline of 22 basis points
  • Basic EPS: ₹25.85 (vs. ₹21.19 in H1 FY26), representing 21.99% YoY growth

Business Developments & Strategic Updates

Strategic Acquisition

  • Acquired 100% stake in Citelum India, marking entry into city lighting and urban infrastructure
  • Targets annual revenue of ₹300-350 crore over next 3-4 years
  • Planned investment of approximately ₹100 crore to support this expansion

Geographic Expansion

  • Added branches in Patna and Chandigarh
  • Total network: 33 branches and 5 warehouses
  • Services 4,766 locations with 547 customers
  • 49,971 on-site employees as of September 2026

Major Contract Wins (H1 FY27)

  • Sewage Treatment EPC: Two orders under Swachh Maharashtra Mission 2.0 in Pune and Nagpur, with Krystal's 40% consortium share valued at ~₹296.02 crore
  • Transportation IFM: 3-year contract worth ~₹134 crore from Maharashtra State Road Transport Corporation for Mumbai and Chhatrapati Sambhaji Nagar regions
  • Mumbai Metro: 3-year contract worth ~₹33.05 crore for housekeeping and cleaning services across Metro Lines 4, 4A and upcoming lines
  • Andhra Pradesh Hostels: 2-year facility management contract worth ~₹27.64 crore covering 563 hostels across 13 districts
  • Manpower Services: 5-year contract worth ~₹17.25 crore from Maharashtra Rajya Sahakari Sangh for manpower deployment across Maharashtra
  • Industrial Staffing: 1-year contract worth ~₹8.75 crore from Kosol Energie for deployment of 250 technical professionals in Gujarat
  • Sanitation & Waste Management: 12-month contract worth ~₹6.60 crore at Khatu Shyamji Temple, Rajasthan
  • Mumbai Monorail: 1-year contract worth ~₹6.58 crore for housekeeping and cleaning services at Monorail stations

Management Commentary

Mr. Sanjay Dighe, CEO & Whole Time Director, stated that growth was driven by new client wins, increased scale and value of orders, and execution of the Krystal 2.0 strategy focused on quality-led profitable growth. The corporate business is gaining momentum through deeper client relationships, increased wallet share and geographic expansion. The company remains selective in bidding, prioritizing project quality and profitability over scale.

Company Overview

Krystal Integrated Services Limited is a diversified service provider in integrated facility management services, staffing solutions, security services, catering and waste management across India. The company specializes in healthcare, education, city infrastructure, waste management, and manufacturing segments, serving state government entities, corporate clients, municipal bodies, airports, railways, metro infrastructure, and retail.