Krystal Integrated Services Limited (KISL), a leading provider of integrated facility management solutions in India, has announced its financial results for the second quarter and first half of fiscal year 2026, along with a key executive appointment to drive future growth.

Q2 and H1 FY26 Financial Highlights

KISL reported a steady performance in Q2 FY26, with revenue growing 6.5% year-over-year to ₹283.40 crore. For the first half of FY26, the company achieved a more robust 15.9% revenue growth, reaching ₹606.48 crore.

Key financial metrics for Q2 and H1 FY26 are summarized in the table below:

While Q2 growth was moderate, the company maintained its EBITDA margin at 6.32%. The slight decline in profitability was attributed to a conservative approach to taxation and increases in finance costs and depreciation.

Corporate Business Growth and Customer Acquisition

A standout feature of KISL's performance was the strong growth in its corporate business segment, which saw revenues increase by 53% in H1 FY26. The company added 92 new corporate clients during this period, following 114 additions in FY25. These new engagements are described as recurring, margin-accretive, and strategically aligned.

Operational Expansion

KISL has expanded its national presence, increasing its branch network from 26 to 33 locations over the past year. This expansion supports the company's ability to serve a wider range of clients across India.

Strategic Focus on High-Value Projects

CEO and Whole-time Director Sanjay Dighe noted that the company has maintained a disciplined approach to project selection, particularly in the government sector. He stated, "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."

New Executive Appointment

In a move to strengthen its leadership team and drive future growth, KISL has appointed Dr. (hc) Dhananjay Mayur Dave as President – Business Development, effective November 14, 2025. Dr. Dave brings over 35 years of global leadership experience across sectors including infrastructure, petrochemicals, clean energy, and facilities management.

Looking Ahead

Despite some short-term challenges, including delays in government tender finalizations, KISL's management remains optimistic about the company's prospects. The company expects 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.

KISL is also advancing its capabilities in emerging businesses such as water treatment, waste management, and operations & maintenance services, which are expected to become meaningful contributors to revenue and profitability over the medium term.

As Krystal Integrated Services continues to navigate the evolving landscape of integrated facility management in India, its focus on strategic growth, operational efficiency, and expanding its service portfolio positions the company to capitalize on the sector's long-term potential.

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.