Kalpataru Projects International Limited reported its highest-ever revenue and profitability for the year ended March 31, 2026. Consolidated net profit surged 82% to ₹1,030.63 crores, while revenue from operations grew 22% to ₹27,143.06 crores. The Board of Directors approved the audited financial results on May 14, 2026. Following the announcement, the company held an earnings conference call on May 15, 2026, the transcript of which is now available on its website.

Consolidated Financial Performance

KPIL delivered robust growth across key metrics for both the quarter and the full year. Consolidated EBITDA for FY26 stood at ₹2,240 crores, a 22% year-on-year increase, with an EBITDA margin of 8.3%. Q4 EBITDA improved to ₹640 crores from ₹538 crores in the same period last year. Profit Before Tax (PBT) before exceptional items grew 62% year-on-year to ₹1,334 crores. Net debt declined sharply by 53% year-on-year to ₹915 crores as of March 31, 2026. The consolidated net worth stood at ₹7,776.55 crores, with a debt equity ratio of 0.43 times.

Standalone Financial Performance

On a standalone basis, Kalpataru Projects International also reported strong growth for FY26. Standalone revenue from operations stood at ₹23,210.06 crores, up 23% year-on-year. EBITDA grew 28% to ₹2,029 crores with an EBITDA margin of 8.7%. PBT before exceptional items grew 61% to ₹1,499 crores. Standalone net profit for FY26 stood at ₹831.75 crores, with basic EPS of ₹48.71 per share. Net debt on a standalone basis declined 32% year-on-year to ₹749 crores.

Segment Performance and Order Book

The Engineering, Procurement and Construction (EPC) segment remained the primary revenue driver, contributing ₹26,648.74 crores in FY26. Total order inflows for FY26 stood at ₹26,400 crores. The consolidated order book stood at ₹65,457 crores as of March 31, 2026. Post the year end, the company received new orders of approximately ₹1,833 crores year-to-date in FY27 and is favourably placed or L1 in orders worth approximately ₹3,200 crores.

Earnings Conference Call Transcript

Following the declaration of audited financial results, Kalpataru Projects International held an earnings conference call on May 15, 2026 at 09:00 a.m. IST. The transcript of the call, covering the consolidated and standalone results for the quarter and year ended March 31, 2026, is now available on the company's website at https://kalpataruprojects.com/investors/financials/quarterly-result/conference-call-transcript-recording .

Kalpataru Projects International has announced new order wins totaling ₹1,833 crore on a year-to-date basis in FY27, while also holding L1 status — indicating it is the lowest bidder and frontrunner for award — on additional projects collectively valued at ₹3,200 crore. Building on this momentum, management has provided comprehensive guidance for the full fiscal year, targeting order wins exceeding ₹30,000 crore alongside meaningful margin improvement.

Order Pipeline at a Glance

The following table summarizes the company's current order position and full-year targets for FY27:

The L1 pipeline of ₹3,200 crore represents projects where Kalpataru Projects has emerged as the lowest bidder, and these orders are expected to be formally awarded upon completion of procedural requirements. Together, the confirmed orders and L1 pipeline point to healthy total order visibility for the fiscal year.

FY27 Order Inflow Guidance

Management provided a detailed breakdown of expected order inflow drivers across the fiscal year. According to concall guidance, order inflows in the first six months of FY27 are anticipated to be driven by the Transmission & Distribution (T&D) and Buildings & Factories (B&F) segments, while Oil & Gas and Urban Infrastructure are expected to lead inflows in the latter half of the year. T&D order inflow specifically is expected to be in the range of ₹13,000 crore to ₹15,000 crore for the full year.

Financial Performance Guidance

On the financial front, management guided for top-line growth of over 15% for FY27. PBT margin expansion is expected to be around 75 basis points at the standalone level, with the consolidated level anticipated to be slightly better. The B&F, T&D, and Oil & Gas businesses are each expected to grow at over 20%, while the Water and Railways businesses are not projected to grow during the year.

CapEx and Balance Sheet

CapEx for FY27 is budgeted at over ₹800 crore, to be funded entirely by internal cash flows. The planned expenditure is focused on B&F, T&D, international projects, and plant modernization. MD & CEO Manish Mohnot reaffirmed the company's commitment to balance sheet strengthening alongside business growth, signaling continued financial discipline as a strategic priority.

Key Highlights

• New orders totaling ₹1,833 crore secured year-to-date in FY27
• L1 status held for additional projects worth ₹3,200 crore
• Full-year FY27 order wins targeted to exceed ₹30,000 crore
• T&D order inflow expected in the range of ₹13,000 crore to ₹15,000 crore
• Top-line growth guided at over 15% with 75 bps PBT margin expansion
• CapEx budgeted at over ₹800 crore, funded by internal cash flows
• B&F, T&D, and Oil & Gas segments each expected to grow over 20%