Kalpataru Projects Reports Strong Q3 Results, Targets EPS Over INR 50 & Growth
Kalpataru Projects International delivered robust Q3FY26 performance with revenue reaching Rs. 6,665.42 crores and net profit of Rs. 152.17 crores. The company aims for consolidated EPS over INR 50 this year, has allocated INR 700-758 crore capex for FY2026 with similar FY2027 projections, and expects around 25% revenue growth with margin improvements of 50-100 basis points.
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Kalpataru Projects International has announced its Q3FY26 quarterly results for the quarter ended December 31, 2025, delivering strong financial performance with significant revenue growth and improved profitability across key metrics. The company has set ambitious targets including consolidated EPS over INR 50 this year and outlined comprehensive capex plans for sustained growth.
Financial Performance Highlights
The infrastructure and power transmission company demonstrated robust growth momentum in Q3FY26, with consolidated revenue reaching Rs. 6,665.42 crores compared to Rs. 5,732.48 crores in the corresponding quarter of the previous year. The company achieved consolidated net profit attributable to owners of Rs. 152.17 crores versus Rs. 141.96 crores in Q3FY25.
| Financial Metric: | Q3FY26 | Q3FY25 | Growth |
|---|---|---|---|
| Revenue from Operations: | Rs. 6,665.42 crores | Rs. 5,732.48 crores | +16.30% YoY |
| Net Profit (Owners): | Rs. 152.17 crores | Rs. 141.96 crores | +7.20% YoY |
| Basic EPS: | Rs. 8.91 | Rs. 8.67 | +2.80% YoY |
| Total Income: | Rs. 6,693.76 crores | Rs. 5,742.76 crores | +16.60% YoY |
Strategic Targets and Capital Expenditure Plans
The company has set ambitious financial targets, aiming for consolidated EPS over INR 50 this year while focusing on net working capital optimization and order inflows. Management has outlined a structured capex approach with INR 700-758 crore allocated for FY2026, and similar projections planned for FY2027, demonstrating commitment to sustained infrastructure investment and growth.
| Strategic Parameter: | Target/Allocation |
|---|---|
| Consolidated EPS Target: | Over INR 50 this year |
| FY2026 Capex: | INR 700-758 crore |
| FY2027 Capex Projection: | Similar to FY2026 |
| Focus Areas: | Net Working Capital + Order Inflows |
FY2026 Growth Outlook and Margin Expansion
The company expects around 25% revenue growth for FY2026 with significant earnings improvements and ongoing margin enhancement. Management anticipates margin improvements of 50 basis points for standalone operations and 100 basis points for consolidated operations, reflecting enhanced operational efficiency and project execution capabilities. Detailed financial figures and comprehensive guidance will be revealed in the April earnings call.
| FY2026 Targets: | Expected Improvement |
|---|---|
| Revenue Growth: | Around 25% |
| Standalone Margin Improvement: | 50 basis points |
| Consolidated Margin Improvement: | 100 basis points |
| Detailed Guidance: | April earnings call |
Segment-wise Performance Analysis
The company's Engineering, Procurement and Construction (EPC) segment continued to be the primary revenue driver, generating Rs. 6,573.59 crores in Q3FY26 compared to Rs. 5,616.28 crores in the same quarter last year. Development Projects segment contributed Rs. 50.66 crores while the Others segment added Rs. 59.44 crores to the total revenue.
| Business Segment: | Q3FY26 Revenue | Q3FY25 Revenue | Growth |
|---|---|---|---|
| EPC: | Rs. 6,573.59 crores | Rs. 5,616.28 crores | +17.00% YoY |
| Development Projects: | Rs. 50.66 crores | Rs. 65.83 crores | -23.00% YoY |
| Others: | Rs. 59.44 crores | Rs. 64.41 crores | -7.70% YoY |
Nine-Month Performance Overview
For the nine months ended December 31, 2025, the company reported consolidated revenue of Rs. 19,365.16 crores compared to Rs. 15,249.01 crores in the corresponding period last year, representing a growth of 27.00%. Net profit attributable to owners reached Rs. 605.84 crores versus Rs. 360.29 crores in the previous year, demonstrating strong operational momentum supporting the ambitious EPS targets.
| Nine-Month Metric: | FY26 (9M) | FY25 (9M) | Growth |
|---|---|---|---|
| Revenue: | Rs. 19,365.16 crores | Rs. 15,249.01 crores | +27.00% YoY |
| Net Profit: | Rs. 605.84 crores | Rs. 360.29 crores | +68.10% YoY |
Historical Stock Returns for Kalpataru Projects International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.55% | +9.56% | +8.81% | -7.28% | +29.91% | +218.38% |
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