KPIL Q3 FY26 Revenue up 16% to ₹6,665 Cr, PAT up 7% to ₹149 Cr
KPIL reported Q3 FY26 consolidated revenue of ₹6,665 Cr, up 16% YoY. PAT stood at ₹149 Cr, up 7% YoY. For 9M FY26, revenue was ₹19,365 Cr (up 27% YoY) and PAT was ₹600 Cr (up 72% YoY). Consolidated net debt reduced by 29% QoQ to ₹2,240 Cr. Order book stands at ₹63,287 Cr.
The announcement details significant financial performance improvements, including revenue and profit growth, a strong order book, and improved debt metrics. These factors are material to investors and stakeholders, indicating robust business performance and financial health.
The company reported strong year-on-year growth in revenue and profit for both the quarter and nine months ended December 31, 2025. Key highlights include significant order book growth, reduction in net debt, and successful asset divestment, all contributing to a positive financial outlook.
Kalpataru Projects International Limited (KPIL) announced its financial results for the quarter and nine months ended December 31, 2025.
For the third quarter of FY26, consolidated revenue grew by 16% year-on-year (YoY) to ₹6,665 Crores, driven by robust project execution and a healthy order backlog in Transmission and Distribution (T&D), Buildings and Factories (B&F), Oil and Gas, and Urban Infrastructure businesses. Profit Before Tax (PBT) before exceptional items increased by 37% YoY to ₹277 Crores, with a PBT margin of 4.2%, up 70 basis points. Profit After Tax (PAT) was ₹149 Crores, a 7% increase YoY.
For the nine-month period of FY26, consolidated revenue stood at ₹19,365 Crores, an increase of 27% YoY. PBT (before exceptional items) grew by 69% YoY to ₹889 Crores, with PBT margin up 110 basis points to 4.6%. PAT for the nine months was ₹600 Crores, up 72% YoY.
Consolidated net debt reduced by 29% quarter-on-quarter (QoQ) to ₹2,240 Crores, and net working capital improved by 15 days to 79 days. The company's consolidated order book stood at ₹63,287 Crores as of December 31, 2025. The company also received new orders worth approximately ₹1,782 Crores in January 2026, mainly in T&D and B&F businesses, bringing the total order inflows for FY26 to ₹19,456 Crores. KPIL is also favorably placed or L1 in orders worth approximately ₹7,000 Crores.
In January 2026, KPIL completed the sale of the Vindhyachal Road Asset for an enterprise value of approximately ₹799 Crores (post-closing adjustments).
Mr. Manish Mohnot, MD & CEO, KPIL, commented that the growth momentum continued into Q3 FY26, with broad-based performance, healthy revenue growth, sustained margin improvement, a robust order book, and improved financial discipline. He highlighted the double-digit growth in most businesses, particularly T&D and B&F. The company's focus on financial discipline led to a 29% QoQ and 17% YoY reduction in consolidated net debt to ₹2,240 Crores. The divestment of the Vindhyachal road asset is expected to generate cash inflows exceeding ₹600 Crores post repayment of external bank debt. He expressed confidence in sustaining growth momentum with improved margins going forward.
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Kalpataru Projects International Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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