Kalpataru Projects International Limited delivered exceptional first quarter earnings for fiscal 2027, reporting a 974% year-on-year surge in consolidated net profit to ₹430.60 crore compared with ₹218.17 crore in the corresponding quarter last year. The company's stock gained over 6% on Wednesday following the strong results announcement, with shares trading at ₹1,435.70 per share on NSE, touching an intraday high of ₹1,438.70. This remarkable profit jump was driven by broad-based operational improvements, efficient working capital management, and significant margin expansion across key business verticals. The Earnings Per Share (EPS) for the quarter stood at ₹26.16, reflecting exceptional growth from the previous year's performance.
Revenue demonstrated robust growth, increasing 10% year-on-year to ₹7,778 crore for the quarter ended June 30, 2026, compared to ₹7,067 crore in the corresponding period previous year. However, when excluding income from Road Special Purpose Vehicles (SPVs) and the Brazil subsidiary which had minimal operations in FY27, comparable revenue surged 9% to ₹6,396 crore from ₹5,888 crore. Ebitda rose 19% year-on-year to ₹640 crore, with the company's margin improving to 8.2%, up 60 basis points. Profit before tax jumped significantly, reflecting a PBT margin expansion of 75 basis points to 6.6%. The standalone revenue for Q1 FY27 was ₹5,482 crore, an increase of 9% YoY. Standalone EBITDA grew by 14% YoY to ₹488 crore, and PAT increased by 32% YoY to ₹265 crore, with EPS at ₹15.54.
Kalpataru Projects International has secured fresh orders worth ₹3,526 crore across power transmission, industrial EPC and residential projects, taking its FY27 order intake beyond ₹11,000 crore. The awards cover three key business areas in India: an engineering, procurement and construction (EPC) order for an industrial plant, orders in the power transmission and distribution (T&D) business, and residential building projects. Managing Director and CEO Manish Mohnot commented that these wins include significant orders in the domestic T&D market, which further strengthens the company's presence in the high growth India T&D sector. The B&F business also secured an EPC order for an industrial plant from an Indian client, along with repeat orders in the residential buildings segment. With these additions, the company's year-to-date order intake for FY27 has crossed ₹11,000 crores, which will meaningfully contribute to future growth.
The company strengthened its balance sheet significantly, with consolidated net debt reduced by 67% YoY to ₹917 crore as on June 30, 2026. Net Working Capital days declined by 11 days YoY to 80 days, while the consolidated debt-equity ratio improved to 0.34 times from 0.62 times in Q1FY26. The interest service coverage ratio (ISCR) stood at 6.15 times versus 3.81 times in the prior year, indicating enhanced financial stability. Standalone net debt was ₹752 crore as on June 30, 2026, compared to ₹749 crore for the period ended March 31, 2026. Finance costs dropped significantly to ₹82 crore from ₹122 crore in the previous year, demonstrating effective cost management.
The latest financial results show continued strong performance, with the company reporting revenue of ₹27,143 crore in financial year 2026 and having more than 250 projects under execution across more than 30 countries. In the recent quarter, Kalpataru Projects International posted a 45.15% year-on-year increase in net profit to ₹310.06 crore compared with ₹213.62 crore in the same quarter a year earlier. Revenue from operations stood at ₹6,407.97 crore in the April-June quarter, up 3.84% from ₹6,171.17 crore reported in the corresponding period of the previous financial year. However, shares of KPIL closed at ₹1,351.10 on Friday, down 1.03% from the previous close, despite the strong earnings performance. Despite Friday's decline, the shares have gained 2.49% over the past week and 3.91% in the last month, with year-to-date gains of 12.29%.
