Kalpataru Projects International (KPIL) Q1 26/27 earnings summary

Executive summary

• Delivered strong Q1 FY27 results with consolidated revenue up 3.8%–9% YoY to ₹6,408 crore, standalone revenue up 9% YoY to ₹5,482 crore, and record profitability, reflecting robust performance across order book, margins, and working capital management.

• EBITDA rose 7% YoY to ₹562 crore (consolidated) and 14% YoY to ₹488 crore (standalone), with margins expanding by 30–40 bps.

• PAT increased 46% YoY to ₹312 crore (consolidated), with EPS reaching ₹18.16; net profit margin improved to 4.9%.

• Order inflows YTD FY27 totaled ₹7,668 crore, with a robust order book of ₹66,607 crore as of June 30, 2026.

• Strategic investments and disciplined capital management led to a credit rating upgrade to AA+ stable.

Financial highlights

• Standalone revenue up 9% YoY to ₹5,482 crore; consolidated revenue at ₹6,408 crore, up 3.8%–9% YoY.

• Consolidated EBITDA grew 7% YoY to ₹562 crore (margin 8.8%); standalone EBITDA up 14% YoY to ₹488 crore (margin 8.9%).

• PAT up 46% YoY to ₹312 crore (consolidated); EPS at ₹18.16.

• Net debt-to-equity at 0.1x; consolidated net debt at ₹917 crore, down 67% YoY.

• Net working capital days at 94 (standalone) and 80 (consolidated), both improved YoY.

Outlook and guidance

• Confirms FY27 guidance of at least 15% annual revenue growth and PBT margin improvement of over 75 bps.

• Targeting ₹30,000 crore in order inflow for FY27, with strong prospects across diversified end markets.

• Favorably placed for additional projects worth ₹7,300 crore; healthy operating cash flows and positive trends in working capital, debt metrics, and return ratios expected to continue.

• Management continues to monitor legal developments related to the Kurukshetra Expressway JV.