India, Feb 5: Kalpataru Projects International Limited a leading infrastructure EPC company, today announced its results for the quarter and nine months ended 31 December 2025.
Financial Performance Highlights
Consolidated Revenue grew 16% YoY in Q3 FY26 and 27% YoY during the nine-month period
Consolidated PBT increased 37% YoY in Q3 FY26 and 69% YoY for 9M FY26
9M FY26 EPS grew 60% YoY (Consolidated) and 44% YoY (Standalone)
Order Book remains robust with strong business visibility; additionally, the company is favourably placed in multiple upcoming projects
Management Commentary Commenting on the performance, Mr. Manish Mohnot, MD & CEO, KPIL, said:
“The growth momentum witnessed in the first half of FY26 continued into Q3 FY26, with broad-based performance driven by healthy revenue growth, sustained margin improvement, a robust order book, and strong financial discipline. Most of our businesses delivered double-digit growth during the quarter, with Transmission & Distribution and Buildings & Factories continuing their strong trajectory.
We are encouraged by the accelerating order momentum and improved business visibility, supported by a strong backlog and healthy inflows during FY26. Our continued focus on financial discipline is reflected in a significant reduction in consolidated net debt both on a quarter-on-quarter and year-on-year basis.
The successful divestment of the Vindhyachal road asset in January 2026 has further strengthened our balance sheet. Our diversified business mix, global execution capabilities, and strong financial position give us confidence to sustain growth momentum with improved margins going forward.”
Key Highlights
Revenue growth driven by strong execution and healthy order backlog across Transmission & Distribution, Buildings & Factories, Oil & Gas, and Urban Infrastructure
PBT margin expansion supported by improved operations, diversified project mix, and efficient working capital management
Strong business visibility continues in T&D and B&F segments, supported by healthy order inflows during FY26
Successfully completed divestment of the Vindhyachal Road Asset in January 2026
Standalone Financial Performance
Q3 FY26 vs Q3 FY25
Revenue growth of 20% YoY
EBITDA growth of 20% YoY with stable margins
PBT (before exceptional items) up 44% YoY
PAT increased 34% YoY
9M FY26 vs 9M FY25
Revenue grew 28% YoY
EBITDA increased 28% YoY
PBT (before exceptional items) rose 52% YoY
PAT grew 51% YoY
Net debt reduced on both QoQ and YoY basis; working capital efficiency improved
Consolidated Financial Performance
Q3 FY26 vs Q3 FY25
Revenue grew 16% YoY
PBT (before exceptional items) increased 37% YoY
PAT grew 7% YoY
9M FY26 vs 9M FY25
Revenue increased 27% YoY
PBT (before exceptional items) surged 69% YoY
PAT rose 72% YoY
Net debt reduced significantly on a QoQ basis; working capital cycle improved
Order Intake & Business Outlook
Strong order inflows received during FY26, primarily in Transmission & Distribution and Buildings & Factories
Order book remains robust, providing strong revenue visibility
Additional projects under advanced stages of award strengthen near-term growth outlook