Krystal Integrated Services Limited (KISL), a leading provider of integrated facility management solutions, reported a 6.5% year-over-year increase in revenue for the second quarter of fiscal year 2026, despite facing challenges in the government sector. The company's financial results for Q2 FY26 reveal a mixed performance, with steady growth in some areas and pressures in others.

Key Financial Highlights for Q2 FY26

Note: All financial figures are in Indian Rupees (INR) crore, except for EPS which is in INR.

Corporate Sector Growth and Government Segment Challenges

KISL's corporate business segment showed strong momentum, with revenues growing by 53% in H1 FY26. The company added 92 new corporate clients during this period, following 114 new additions in FY25. This growth in the corporate sector has been a key driver for the company's performance.

However, the government segment experienced a temporary moderation due to procedural delays in tender finalization for large, multi-location projects. The company emphasized that these delays are timing-related rather than demand-linked, and the underlying opportunity pipeline remains intact.

Operational Expansion and Strategic Focus

KISL has expanded its national presence, increasing its branch network from 26 to 33 locations over the past year. The company maintains operations across 3,317 customer locations and employs over 33,000 on-site workers.

The company has also made strategic moves into emerging businesses, including water treatment, waste management, and operations & maintenance (O&M) services. These new verticals are progressing and are expected to become meaningful contributors to revenue and profitability in the medium term.

Management Commentary

Sanjay Dighe, CEO & Whole-time Director of Krystal Integrated Services Limited, commented on the results: "Q2 FY26 delivered steady performance, with revenue growing 6% YoY and EBITDA margin maintained at 6.32%. We continued to exercise strong commercial discipline and consciously avoided bidding for projects that did not meet our margin or scale benchmarks. This is a deliberate strategic choice to protect profitability and ensure quality of earnings, rather than pursuing volume for its own sake."

Looking Ahead

Despite the challenges in the government segment, KISL maintains a positive outlook. The company expects the deferred government tenders to move into execution in H2 FY26, which, coupled with the ongoing scaling of its corporate business, positions KISL for stronger performance in the coming quarters.

The management affirms that the business fundamentals remain robust, with a healthy demand environment and strong core growth momentum. As KISL continues to expand its operational footprint and diversify its service offerings, it aims to capitalize on the growing opportunities in the integrated facility management sector.

About Krystal Integrated Services Limited

Krystal Integrated Services Limited is a well-diversified service provider offering integrated facility management services, staffing solutions, security services, catering, and waste management across India. The company specializes in sectors such as healthcare, education, city infrastructure, waste management, and manufacturing, serving state government entities, corporate clients, municipal bodies, and other government offices.

Krystal Integrated Services Limited , a leading provider of integrated facility management solutions, has announced the appointment of Dr. Dhananjay Mayur Dave as President-Business Development, effective November 14, 2025. This strategic move aims to accelerate the company's growth trajectory and expand its market presence both domestically and internationally.

Extensive Global Experience

Dr. Dave brings over 35 years of global leadership experience to Krystal, with a proven track record in infrastructure, petrochemicals, clean energy, and facilities management sectors. His expertise in sustainable growth, operational excellence, and strategic expansion across multiple continents positions him well to drive Krystal's ambitious growth plans.

Key Responsibilities

In his new role, Dr. Dave will spearhead Krystal's business development initiatives, focusing on:

1. Expanding strategic partnerships
2. Strengthening market presence
3. Accelerating growth in India and overseas markets

Impressive Career Background

Dr. Dave's career highlights include:

• A 27-year tenure at Tata Consulting Engineers (TCE), where he led international business development across 34 countries and played a pivotal role in establishing TCE's Qatar subsidiary.
• Driving global expansion at BVG Group, a diversified enterprise with a turnover exceeding ₹3,000.00 crore and a workforce of over 100,000, across the US, Middle East, and Africa.
• Serving as Head of Business Development at Al Dammam Development (DDC) Group in Saudi Arabia, overseeing real estate, facility management, energy, and waste management operations across the Middle East and Europe.

Educational Background and Recognition

Dr. Dave holds a Bachelor's degree in Civil Engineering (Structures) from Mumbai University and a Doctor of Excellence (Honoris Causa) in Management from Young Scientist University, USA. His achievements have been recognized internationally, including being named "Most Admired Leader for International Sales" by the International Leadership Forum, Sri Lanka.

Management's Perspective

Sanjay Dighe, CEO & Whole Time Director of Krystal Integrated Services Limited, commented on the appointment: "We are delighted to welcome Dr. Dave to the Krystal leadership team. His exceptional track record of building international partnerships and driving growth across multiple continents brings exactly the strategic capability we need as we enter our next phase of expansion. His deep understanding of both infrastructure and facility management ecosystems will be invaluable as we strengthen our position as India's premier integrated facility management partner."

Dr. Dave's Vision

Expressing his enthusiasm for the new role, Dr. Dave stated, "Krystal has built an impressive foundation of trust and operational excellence in the Indian market. I'm energized by the opportunity to work alongside this talented team to write the next chapter—one focused on strategic partnerships, international expansion, and pioneering new service models that address our clients' evolving sustainability and efficiency goals. The timing couldn't be more opportune given the tremendous growth trajectory of India's infrastructure and commercial sectors."

Company Growth and Future Outlook

Krystal Integrated Services has shown significant growth in recent years. Between FY21 and FY25, the company's customer base expanded from 262 to 461, with operations growing from 1,962 to 3,209 locations nationwide. With Dr. Dave's appointment, Krystal aims to reinforce its strategic focus on scaling business opportunities, deepening client partnerships, and expanding its footprint across new markets and service verticals.

Krystal Integrated Services Limited plans to announce its unaudited financial results for Q2 FY2026 on November 7, 2025, followed by an earnings call on November 11, 2025. Investors and analysts will likely be interested in how Dr. Dave's appointment aligns with the company's growth strategy and financial performance.