Kalpataru Projects International (KPIL) reported a strong performance for the quarter ended June 2026, with consolidated profit after tax rising 46% year-on-year to Rs 312 crore.
The engineering, procurement and construction (EPC) company said its consolidated revenue reached Rs 6,408 crore in the first quarter. On a comparable basis, after adjusting for the impact of its Brazilian business and road special purpose vehicles, revenue grew 9% year-on-year.
Standalone revenue increased 9% to Rs 5,482 crore, while consolidated EBITDA rose 7% to Rs 562 crore. Profit before tax increased 45% to Rs 420 crore.
The consolidated EBITDA margin improved by 30 basis points to 8.8%, while the PBT margin rose 190 basis points to 6.6%. At the standalone level, EBITDA grew 14%, while both PBT and PAT increased 32%.
KPIL said the performance came despite labour shortages early in the quarter linked to state elections, slower receivables in its Water business and supply-chain disruptions caused by the situation in the Middle East.
The company ended the quarter with a record order book of Rs 66,607 crore. Order inflows during the first quarter of FY27 stood at Rs 7,668 crore, while KPIL also held an L1 position in projects worth around Rs 7,500 crore.
The company said its strong performance reflected operating leverage, a favourable business mix and tighter working-capital management.
Net working capital days improved to 94 days on a standalone basis and 80 days on a consolidated basis. The company’s consolidated debt-to-equity ratio remained low at 0.1 times, while return on capital employed stood within its targeted range of 21-22%.
KPIL’s Transmission and Distribution business, excluding Fasttel, recorded nearly 10% like-for-like revenue growth, with FY27 orders secured in the segment exceeding Rs 4,100 crore.
