Kalpataru Projects International reports strong Q2, H1 FY26 performance

Kalpataru Projects International Limited (KPIL) reported a consolidated revenue of ₹6,529 crores for Q2 FY26, a 32% year-on-year increase, with half-year revenue reaching ₹12,700 crores (33% YoY). Consolidated PBT rose 71% to ₹322 crores in Q2, with PBT margin improving by 110 bps to 4.9%. PAT for Q2 FY26 grew 89% to ₹237 crores. Standalone performance also showed strong growth, with Q2 revenue at ₹5,419 crores (31% YoY) and PBT up 48% to ₹272 crores.

The company's consolidated order book stands strong at ₹64,682 crores as of September 30, 2025, reflecting a 7% year-on-year increase. Order inflows for FY26 to date reached ₹14,951 crores, marking approximately 26% growth. This robust order book, along with improved project execution across T&D, B&F, Oil & Gas, and Urban Infra segments, positions KPIL for continued growth.

Net debt consolidated declined 14% YoY to ₹3,169 crores as of September 30, 2025, and standalone net working capital improved to 102 days, down 16 days YoY. KPIL's balance sheet remains strong, supporting future growth and strategic investments, including an expected closure of the Vindhyachal Expressway Private Limited (VEPL) deal in H2 FY26.