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Revenue
₹7,778 Cr
verified against source
Revenue YoY
22%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Kalpataru Projects International delivered a strong FY26, with consolidated revenue growing 22% YoY to ₹27,143 crore and PAT surging 82% YoY to ₹1,131 crore, exceeding guidance. The standout was a 120 bps expansion in consolidated PBT margin to 4.9%, driven by favorable business mix and operating leverage. Order inflows hit ₹26,000+ crore, pushing the order book to an all-time high of ₹65,457 crore. Management guided for FY27 revenue growth of ~15%+, order inflows exceeding ₹30,000 crore, and a further 75-100 bps PBT margin expansion. Key growth drivers include T&D, B&F, and oil & gas, while water collections are expected to improve. Risks include geopolitical disruptions in the Middle East, labor availability, and potential commodity cost pressures, though hedging mitigates most exposure.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects order inflows to surpass ₹30,000 crore in FY27, driven by T&D, B&F, and oil & gas segments.
- Consolidated revenue growth guided at around 15% plus for FY27, with core businesses (T&D, B&F, oil & gas) expected to grow 20%+.
- Management guided for 75-100 bps improvement in consolidated PBT margins in FY27, driven by business mix and balance sheet improvements.
- Capital expenditure expected to be around ₹800 crore or more, funded through internal cash flows, for plant modernization and capacity expansion.
Risks flagged
- Supply chain disruptions in the Middle East due to geopolitical tensions impacted Q4 revenue by ₹200-250 crore and may persist.
- Labor shortages, especially in India during elections and festivals, could impact execution in H1 FY27.
- Rising diesel and steel costs could pressure margins if not fully passed through, though most commodities are hedged.
- Despite improvement, water business receivables remain high at ₹1,600 crore; delays in collection could impact cash flows.
Key quotes
- Today I'm proud to report that we have fully delivered on each of these promises.
- Our biggest challenges continue to be managing the issues coming from the geopolitical scenarios, ensuring minimal disruption in labor availability and managing cost structure in the current environment.
- We expect folure order wins to exceed 30,000 crores in FI27.
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