Risk Intelligence
Working capital strain from rapid scaling
View Risks →Krystal Integrated Services reported Q4 FY26 revenue of INR 364.94 Cr, down 12% YoY due to selective bidding discipline, but PAT grew 11% YoY to INR 18.85 Cr with PAT margin expanding 106 bps to 5.16%.
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Krystal Integrated Services reported Q4 FY26 revenue of INR 364.94 Cr, down 12% YoY due to selective bidding discipline, but PAT grew 11% YoY to INR 18.85 Cr with PAT margin expanding 106 bps to 5.16%. The full-year revenue rose 5.32% to INR 1,277.28 Cr, with EBITDA margin improving 13 bps to 6.54%. Management guided for >20% revenue growth in FY27, driven by a robust order book of INR 1,220 Cr (standalone) and INR 2,600 Cr consolidated, including new wins in power substation O&M, smart lighting via the Settleum acquisition, and waste management. Key risks include working capital strain from rapid scaling and potential delays in government contract awards.
Working capital strain from rapid scaling
View Risks →Full transcript text is available on this route.
Read Transcript →Order book as of March 31, 2026, reflecting strong future revenue visibility.
New customers added during FY26, contributing to multi-year business value of INR 300 Cr.
On-site workforce as of March 31, 2026, supporting service delivery across 4,000+ locations.
Current waste management capacity; targeting 800-1,000 TPD over 18 months.
Management targets consolidated revenue growth of upwards of 20% for FY27, driven by strong order book and new contract wins.
Receivables and loans increased to INR 146.45 Cr due to new customer additions; management expects normalization but near-term pressure remains.
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