Kalpataru Projects Q2 FY26 Profit Jumps 89% YoY to ₹237 Crore; Order Book Touches ₹64,682 Crore

Mumbai, October 31, 2025: Kalpataru Projects International Ltd. (NSE: KPIL, BSE: 522287) announced its strongest-ever second quarter, with consolidated revenue and profit reaching all-time highs for the quarter ended September 30, 2025.

Kalpataru Projects International Ltd, earlier known as Kalpataru Power Transmission Ltd, is one of India’s leading EPC players with operations across Power Transmission & Distribution, Buildings & Factories, Railways, Oil & Gas Pipelines, Water, Urban Mobility, and Highways. The company has a presence in over 30 countries and a global footprint spanning 75 nations.

Key Consolidated Financial Highlights

Kalpataru Projects International Ltd has come out with a strong set of numbers for the quarter ended September 2025 (Q2 FY26), which reflects robust execution across its business segments.

Consolidated revenue of the company increased 32% YoY at ₹6,529 crore from ₹4,944 crore in the corresponding quarter of last year, led by robust order intake and stable project execution. EBITDA rose 28% YoY to ₹561 crore; Profit before Tax went up by 71% at ₹322 crore. And net profit after tax or PAT surged nearly two-fold to ₹237 crore, a growth of 89% over Q2FY25.

Correspondingly, the EBITDA margin at 8.6% was down only 30 bps, while the PBT margin at 4.9% expanded 110 bps on the back of operational efficiencies.

Consolidated revenue stood at ₹12,700 crore for the first half of FY26, up 33% YoY, while PBT increased by 88% to ₹612 crore and PAT more than doubled to ₹451 crore. The net debt fell 14% to ₹3,169 crore, while net working capital days improved to 90 days, indicating better balance sheet management.

Standalone Performance

On a standalone basis, Kalpataru Projects International Ltd continued its strong growth momentum in the September quarter of FY26. The company’s revenue increased 31% year-on-year to ₹5,419 crore from ₹4,145 crore in Q2 FY25, led by higher project execution across core infrastructure and power transmission businesses. EBITDA grew 28% YoY to ₹447 crore, while PBT rose 48% to ₹272 crore. PAT also displayed a healthy 51% leap to ₹200 crore, driven by operational efficiency and higher project margins.

Stand-alone revenue for the first half of FY26 was ₹10,459 crore, a YoY growth of 33%, while PAT jumped 61% to ₹401 crore. Net debt declined 22% year-over-year to ₹2,189 crore, reflecting better cash flow management and lower leverage.

Strong Order Book and Inflows

The company secured new orders worth ₹14,951 crore in FY26 so far, up about 26% YoY. Kalpataru is well-positioned to secure further orders of value close to ₹5,000 crore. As of September 30, 2025, its receives work order book was at a robust level of ₹64,682 crore, indicating strong execution visibility in the T&D, Oil & Gas, Railways, Water, and Urban Infrastructure businesses.

Management Commentary

Managing Director & CEO Manish Mohnot said, “We have delivered another quarter of strong performance and marked the best-ever Q2 in our history. Consolidated revenue grew 32% YoY, PBT rose 71%, while PAT nearly doubled. Our strong secures order book of ₹64,682 crore and disciplined working capital management reflect the resilience of our business model and execution strength across verticals.”

He added that the company remains focused on strengthening project delivery, balance sheet quality, and scaling high-growth verticals in power transmission and civil construction.

Share Price Update

On Friday, the share price of Kalpataru Projects International Ltd closed at ₹1,256.20, down by 0.49%. The stock opened at ₹1,270.40, touched an intraday high of ₹1,285.30, and a low of ₹1,248.20. The company’s market capitalisation stands at around ₹21,500 crore. Over the past year, Kalpataru Projects’ shares have moved between a 52-week high of ₹1,352.85 and a low of ₹786.30.

REF: https://nsearchives.nseindia.com/corporate/KALPATPOWR_31102025144956_SEIntimationPressRelease31102025.pdf

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