Kalpataru Projects International Ltd (KPIL) reported a consolidated profit after tax of ₹237 crore for the second quarter of FY26, marking an 89% increase from ₹126 crore in the same quarter of the previous year. The infrastructure engineering, procurement, and construction (EPC) company achieved its highest-ever second quarter revenue of ₹6,529 crore, which is a 32% improvement from the corresponding period last year.
The company’s profit before tax increased by 71% to ₹322 crore, with margins expanding by 110 basis points to 4.9%. EBITDA grew by 28% to ₹561 crore, sustaining an 8.6% margin. For the first half of FY26, consolidated revenue reached ₹12,700 crore, reflecting 33% growth, while profit after tax more than doubled to ₹451 crore, up 115% year-on-year.
Manish Mohnot, Managing Director and CEO, attributed this performance to the company’s emphasis on profitable growth and efficient management of working capital. The net working capital improved by eight days, standing at 90 days as of September 30, and net debt decreased by 14% to ₹3,169 crore.
KPIL’s order book remains strong at ₹64,682 crore, bolstered by new orders valued at ₹14,951 crore secured year-to-date in FY26, representing a 26% increase. The company is poised for additional orders of approximately ₹5,000 crore, primarily in its transmission and distribution sector.
Published on October 31, 2025.
