KPIL Posts Record FY26 Profit; Earnings Call Recording Available
Kalpataru Projects International announced record financial results for FY26, with consolidated net profit rising 82% to ₹1,030.63 crores and revenue increasing 22% to ₹27,143.06 crores. The Board approved a dividend of ₹11 per share. The audio recording of the earnings conference call held on May 15, 2026, is now accessible on the company's website.

*this image is generated using AI for illustrative purposes only.
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 audio recording 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.
| Metric: | Q4 FY26 (Audited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|
| Revenue from Operations (₹ Cr): | 7,777.90 | 7,066.77 | 27,143.06 | 22,315.78 |
| Total Income (₹ Cr): | 7,814.69 | 7,079.93 | 27,247.93 | 22,378.26 |
| Total Expenses (₹ Cr): | 7,369.40 | 6,784.24 | 25,913.86 | 21,555.46 |
| Profit Before Tax (₹ Cr): | 511.35 | 295.69 | 1,370.65 | 822.80 |
| Net Profit (₹ Cr): | 430.60 | 218.17 | 1,030.63 | 567.27 |
| Basic EPS (₹): | 25.42 | 13.42 | 60.90 | 35.53 |
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.
| Metric: | Q4 FY26 (Audited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|
| Revenue from Operations (₹ Cr): | 6,963.98 | 6,204.15 | 23,210.06 | 18,887.91 |
| Total Income (₹ Cr): | 7,124.32 | 6,227.65 | 23,443.52 | 18,985.85 |
| Profit Before Tax (₹ Cr): | 312.42 | 331.08 | 1,143.12 | 896.43 |
| Net Profit (₹ Cr): | 219.84 | 241.64 | 831.75 | 647.95 |
| Basic EPS (₹): | 12.88 | 14.36 | 48.71 | 39.30 |
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.
| Parameter: | Details |
|---|---|
| FY26 Order Inflows: | ₹26,400 crores |
| Consolidated Order Book (Mar 31, 2026): | ₹65,457 crores |
| New Orders Received YTD FY27: | ~₹1,833 crores |
| L1/Favourably Placed Orders: | ~₹3,200 crores |
Historical Stock Returns for Kalpataru Projects International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.53% | -3.11% | +7.40% | +0.35% | +23.37% | +227.71% |
With KPIL's order book at ₹65,457 crores and only ₹1,833 crores secured YTD in FY27, what sectors and geographies are most likely to drive order inflow momentum to sustain the 22% revenue growth trajectory?
Given the full impairment of ₹515 crores related to Brazilian subsidiaries Fasttel and Estrela, how might KPIL restructure or exit its Latin American operations, and what impact could this have on its international business strategy?
With net debt already reduced 53% to ₹915 crores and a debt-equity ratio of 0.43x, how aggressively could KPIL pursue acquisitions or capacity expansion in FY27 to capitalize on India's infrastructure spending cycle?


































