KPIL reports strong Q3, nine month growth on execution and order book strength

Kalpataru Projects International Limited (KPIL) posted strong financial performance in the third quarter and nine month period of fiscal year 2026, driven by higher revenues, margin expansion, and a solid order book.

In its financial results released on February 4, 2026, KPIL reported consolidated revenue of Rs 6,665 crore for Q3 FY26, marking a 16% year on year increase. Profit before tax (PBT) before exceptional items rose 37% year on year to Rs 277 crore. For the nine month period ended December 31, 2025, consolidated revenue grew 27% year on year to Rs 19,365 crore, while PBT increased 69% year on year to Rs 889 crore.

The company also reported improvement in its balance sheet position. Consolidated net debt declined 29% quarter on quarter to Rs 2,240 crore. This was supported by the divestment of the Vindhyachal road asset in January 2026, which was completed at an enterprise value of around Rs 799 crore.

KPIL’s consolidated order book stood at Rs 63,287 crore as of the reporting date. Order inflows during the year to date period amounted to Rs 19,456 crore, reflecting continued traction across key business segments.

Management attributed the performance to strong execution and a healthy project pipeline, particularly in Transmission and Distribution (T&D) and Buildings and Factories (B&F). Commenting on the results, Manish Mohnot said the company remains confident of sustaining growth momentum, supported by a diversified business mix and an improving financial position.