K2 Infragen FY26 revenue rises 26% to ₹18,467.61 lakh
K2 Infragen Limited announced its financial results for FY26, reporting a 25.96% increase in revenue from operations to ₹18,467.61 lakh and a 14.46% rise in profit after tax to ₹1,332.95 lakh. EBITDA improved by 33.29% to ₹2,707.10 lakh, supported by better operating efficiency and a 60.58% improvement in net cash flow from operations. The company has secured new orders worth ₹411.91 crore since December 2025 and maintains an unexecuted order book of ₹4,240 million as of March 31, 2026.

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K2 Infragen Limited reported a 25.96% increase in revenue from operations to ₹18,467.61 lakh for the financial year ended March 31, 2026, compared to ₹14,661.19 lakh in the previous year. Profit after tax, excluding exceptional gain, rose 14.46% to ₹1,332.95 lakh from ₹1,164.55 lakh in FY25. The company’s EBITDA grew 33.29% to ₹2,707.10 lakh, driven by improved execution and operating efficiency. Total income stood at ₹18,892.12 lakh, a 27.19% increase over the prior year. The market capitalisation of the company was ₹6,700.37 lakhs as on March 27, 2025.
Financial Performance
The company reported a 60.58% improvement in net cash flow from operations and a 170.51% increase in cash and cash equivalents compared to the previous year, indicating enhanced liquidity. K2 Infragen also recorded a 15.17% improvement in debtor days, reflecting stronger collection efficiency and better working capital management.
| Particulars | FY 2025-26 (₹ Lakh) | FY 2024-25 (₹ Lakh) | % Change |
|---|---|---|---|
| Total Income | 18,892.12 | 14,853.29 | 27.19% |
| EBITDA | 2,707.10 | 2,031.05 | 33.29% |
| PAT, excluding exceptional gain | 1,332.95 | 1,164.55 | 14.46% |
Order Book and Projects
Since December 2025, the company has secured new orders worth ₹411.91 crore across Energy, T&D, Railway and Renewable Infrastructure projects. It has bid for tenders approximating ₹580 crore in the Roads and Railways sectors. Recently, the company secured two orders from Rajasthan Rajya Vidyut Prasaran Nigam Limited totalling ₹56.91 crore. As of March 31, 2026, the company reported a total ongoing project value of ₹6,623 million, with an unexecuted order book of ₹4,240 million.
Management Commentary
Mr. Pankaj Sharma, Founder & Managing Director, K2 Infragen Limited, said the performance reflects the strength of the company’s diversified infrastructure portfolio and continued focus on operational discipline. He highlighted that the company is well-positioned to participate in India's infrastructure growth story with a growing order book across energy, transmission and distribution, railways, roads and renewable infrastructure.
Historical Stock Returns for K2 Infragen
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.13% | -2.69% | +4.79% | -16.60% | -26.83% | -69.70% |
What is the expected timeline for revenue recognition from the ₹411.91 crore in new orders secured since December 2025?
How will the company utilize the improved cash flow and liquidity to fund the execution of the ₹580 crore worth of pending tenders?
What are the projected margin impacts for the newly secured Roads and Railways sector projects compared to the existing Energy and T&D portfolio?































