B.L. Kashyap & Sons Q1FY27 net profit at ₹10.00 Cr; EBITDA margin expands
B.L. Kashyap & Sons Limited reported a consolidated net profit of ₹10.00 crore for Q1FY27, down slightly from ₹10.85 crore in Q1FY26, despite an expansion in EBITDA margins to 8.28%. Consolidated revenue increased to ₹345.12 crore from ₹336.42 crore year-on-year. The company secured new orders worth ₹272 crore, bringing its total order book to ₹4,712 crore.

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B.L. Kashyap & Sons Limited reported a consolidated net profit of ₹10.00 crore for the first quarter of FY27, driven by an expansion in EBITDA margins to 8.28% from 7.72% in the corresponding quarter of the previous year. The infrastructure developer recorded consolidated revenue from operations of ₹345.12 crore, up from ₹336.42 crore in Q1FY26. While profitability improved on an operational basis, net profit declined slightly from ₹10.85 crore in Q1FY26 due to higher tax provisions and lower other income. The company maintains a robust order book of ₹4,712 crore as of June 30, 2026, providing strong visibility for future revenue realization across commercial and residential segments.
The Board of Directors approved the unaudited financial results on August 12, 2026, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors Sood Brij & Associates conducted a limited review of the financial statements under Standard on Review Engagements (SRE) 2410. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34).
Financial Performance Overview
The following table summarizes the key financial metrics for the quarter across standalone and consolidated bases:
| Metric: | Standalone (₹ in Crores) | Consolidated (₹ in Crores) |
|---|---|---|
| Revenue from Operations: | 341.97 | 345.12 |
| Gross Margin: | 60.71% | 62.29% |
| EBITDA: | 28.92 | 28.58 |
| EBITDA Margin: | 8.46% | 8.28% |
| Profit Before Tax: | 15.23 | 14.28 |
| Net Profit: | 10.88 | 10.00 |
Standalone revenue from operations stood at ₹341.97 crore for the quarter ended June 30, 2026, compared to ₹332.85 crore in the same period last year. Standalone EBITDA rose to ₹28.92 crore from ₹25.84 crore year-on-year, with margins expanding to 8.46% from 7.76%. Standalone net profit increased slightly to ₹10.88 crore from ₹10.72 crore in Q1FY26.
On a consolidated basis, revenue from operations totaled ₹345.12 crore, an increase from ₹336.42 crore in the corresponding quarter of the previous year. Total expenses were managed effectively, leading to a profit before tax of ₹14.28 crore. After tax provisions of ₹4.28 crore, consolidated net profit was ₹10.00 crore.
Strategic Priorities and Order Book
The company secured new orders worth ₹272 crore during the current quarter. The order book is diversified, with Commercial/Institutional projects accounting for 54.35% and Residential projects making up 45.65%. Geographically, Haryana remains the largest contributor with 46.89% of the order book, followed by Tamil Nadu (21.36%) and Karnataka (19.91%).
Key ongoing projects include Mall of India DLF Downtown Phase-2 in Gurgaon (₹760.56 crore) and BPTP Amstoria Verti Greens in Gurgaon (₹620.10 crore). The company is also strategically increasing participation in government projects, particularly in the railway sector, leveraging experience from completed projects like Sabarmati Terminal and Gomti Nagar Railway Station.
What the Numbers Show
The improvement in both standalone and consolidated EBITDA margins indicates enhanced operational efficiency and better cost control in material consumption and construction expenses. While other income decreased significantly from ₹2.71 crore to ₹1.00 crore on a consolidated basis, core operational profitability drove the bottom line. The substantial order book of ₹4,712 crore provides a strong foundation for future revenue stability, with a balanced mix of commercial and residential segments mitigating sector-specific risks.
Historical Stock Returns for B L Kashyap & Sons
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.39% | -0.72% | -0.96% | +12.05% | -20.89% | +120.44% |
How will the strategic pivot towards government railway projects impact B.L. Kashyap's revenue recognition cycles and cash flow stability compared to its traditional commercial developments?
Given the decline in consolidated net profit despite higher EBITDA, what specific measures is management taking to mitigate the volatility in 'other income' and optimize tax provisions?
With Haryana contributing nearly 47% of the order book, how exposed is the company to regional regulatory changes or market saturation, and what is the timeline for diversifying into new geographies?


































