KALPATARU POWER TRANSMISSION LTD.
P&L
Quarterly Consolidated
vs Q2 FY26
Kalpataru Projects International Ltd Reports Record Revenue and Profitability in Q3 FY26 and 9M FY26
04 Feb 2026 · 4 Feb, 5:02 pm
Summary
Kalpataru Projects International Ltd (KPIL), a leading infrastructure EPC company, announced its results for the quarter and nine months ended 31st December, 2025. The company reported a 16% YoY growth in consolidated revenue and a 37% YoY growth in consolidated PBT in Q3 FY26. For the nine months ended 31st December, 2025, the company reported a 27% YoY growth in consolidated revenue and a 69% YoY growth in consolidated PBT. The company's net debt decreased by 29% QoQ to INR 2,240 crores.
Key Highlights
- 1
Revenue growth led by robust project execution and healthy order backlog in Transmission and Distribution (T&D), Buildings and Factories (B&F), Oil and Gas and Urban Infrastructure business
- 2
PBT Margin expansion on back of improved operations, diversified project mix and efficient working capital management
- 3
Business visibility continues to remain robust in T&D and B&F business; YTD FY26 Order Inflows at ~ 19,456 Crores; Additional L1/ favourable placed in projects worth ~ 7,000 Crores
- 4
Completed sale of Vindhyachal Road Asset in January 2026 for an enterprise value of ~ 799 Crores (post-closing adjustments)
Management Comments
Mr. Manish Mohnot
MD & CEO, KPIL
The growth momentum witnessed in the first half of FY26 continued into the Q3 FY26, as we reported broad-based performance for KPIL, led by healthy revenue growth, sustained margin improvement, robust order book, and improved financial discipline. Most of our businesses delivered double-digit growth in Q3, with T&D and B&F continuing on a strong growth trajectory. We are further encouraged with the accelerating ordering momentum and business visibility in the T&D and civil business, reflected from our order backlog of INR 63,287 Crores and order inflows of INR 19,456 Crores received till date in FY26. I am pleased to highlight that our focus on financial discipline is reflected in the reduction of consolidated net debt by 29% QoQ and 17% YoY to INR 2,240 Crores. We have further bolstered our financial position through the successful divestment of the Vindhyachal road asset in January 2026, which will generate cash inflows exceeding over INR 600 Crores post repayment of external bank debt. Our strong order book, diversified business mix, global capabilities and strong balance sheet gives us confidence to sustain growth momentum with improved margins going forward.
Informational and educational content only. Not investment advice.