Kalpataru Projects International Ltd
NSE:KPIL

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Kalpataru Projects International Ltd Logo
Kalpataru Projects International Ltd
NSE:KPIL
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Price: 1 187.3 INR 1.23%
Market Cap: 202.8B INR

Kalpataru Projects International Ltd
Investor Relations

In the bustling landscape of Indian infrastructure, Kalpataru Projects International Ltd. stands as a stalwart, weaving intricate networks of progress across the nation and beyond. Emerging from the nurturing grounds of the Kalpataru Group, this enterprise has evolved into a formidable player in engineering, procurement, and construction (EPC). From power transmission lines that snake across remote terrains to robust civil infrastructure projects that form the backbone of urban expansion, Kalpataru Projects deftly navigates the complexities of large-scale operations. Their core strength lies in power transmission and distribution, an area where they’ve consistently demonstrated expertise by deploying advanced technology to fortify regional grids. Furthermore, the company's prowess extends into the development of oil and gas pipelines, demonstrating a versatility that allows them to tap into multiple avenues of revenue.

Financially, Kalpataru Projects leverages its specialized competencies to maintain a strong footing in competitive international markets. By exporting its knowledge and services to countries in Africa, the Middle East, and Southeast Asia, the company ensures a diversified income stream that shields it against regional economic fluctuations. Strategic project execution and stringent cost management underpin their financial strategy, allowing for healthy margins in a sector known for its capital intensity. With an unwavering commitment to quality and time-bound delivery, Kalpataru Projects International cultivates robust client relationships, securing repeat engagements and enhancing its reputation as a trusted partner in infrastructure development. As urban demands grow and industries expand, the company is well-poised to capitalize on burgeoning opportunities, reinforcing its pivotal role in shaping the infrastructural tapestry of developing economies.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 31, 2025
AI Summary
Q2 2026

Record Quarter: Kalpataru Projects International delivered its highest ever Q2 revenue and profitability, with strong growth across most business segments.

Revenue & Margins: Consolidated revenue grew 32% YoY, EBITDA was up 28% YoY, and PBT surged 71% YoY; EBITDA margin stood at 8.6%.

Order Book Strength: The consolidated order book reached INR 64,682 crores, supported by major order wins in T&D and B&F businesses.

Working Capital & Debt: Net working capital days improved, but net debt levels increased moderately due to delayed collections from water projects, particularly in UP and Jharkhand.

Guidance Raised: Management increased its full-year revenue growth guidance to "25% plus" and reaffirmed at least a 50 bps improvement in PBT margin for FY '26.

Segment Highlights: T&D revenue rose 51% YoY, B&F revenue up 20% YoY, Oil & Gas up 21% YoY, while Water declined 5% YoY due to slow collections.

Receivables Issue: Large overdue receivables persist in Water projects, mainly from UP and Jharkhand, impacting debt levels; resolution is awaited.

Key Financials
Revenue
32% YoY growth (consolidated)
Revenue (standalone)
31% YoY growth
EBITDA
28% YoY growth (consolidated)
PBT
71% YoY growth (consolidated)
PAT
19% YoY growth (consolidated)
EBITDA Margin
8.6% (consolidated); 8.3% (standalone)
PBT Margin
4.9% (consolidated); 5% (standalone)
Net Working Capital Days
90 days (consolidated); 102 days (standalone)
Net Debt
INR 2,189 crores (standalone); INR 3,169 crores (consolidated)
Order Book
INR 64,682 crores (consolidated, as of 30 Sept 2025)
Order Inflows
INR 14,951 crores (YTD); Target INR 25,000 crores+ for FY '26
T&D Revenue
51% YoY growth in Q2 '26
B&F Revenue
20% YoY growth in Q2 '26
Oil & Gas Revenue
21% YoY growth in Q2 '26
Water Revenue
INR 517 crores in Q2 '26
Urban Infra Revenue
65% YoY growth in Q2 '26
Railway Revenue
INR 210 crores in Q2 '26
T&D Order Book
INR 26,276 crores
B&F Order Book
INR 18,758 crores
Water Order Backlog
INR 8,379 crores
CapEx
INR 340 crores in H1 FY '26
Receivables (Water - JJM)
INR 1,551 crores (Q2 end), with INR 737 crores from UP and INR 246 crores from Jharkhand
Other Earnings Calls

Management

Mr. Manish Dashrathmal Mohnot CA, ICWA
MD, CEO & Executive Director
No Bio Available
Mr. Shailendra Kumar Tripathi B. E. Civil
Deputy MD & Additional Director
No Bio Available
Mr. Ram Avtar Patodia
President of Finance & Accounts and CFO
No Bio Available
Mr. Hitendra Pooniwala
President of T&D Business - International
No Bio Available
Mr. Rajeev Dalela
President of T&D Business - India & SAARC
No Bio Available
Mr. Jitendra Kumar Jain
Business Head of Railways
No Bio Available
Mr. Kumaradevan Srinivasan
Business Head of Manufacturing Plants
No Bio Available
Mr. N. K. Kaushal
Business Head of BD International (T&D)
No Bio Available
Mr. N. Neelakanteswaran
Head of Central PMO
No Bio Available
Mr. Lalitkumar Tiwari
Head of EHS & Sustainability
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
101, Kalpataru Synergy, Opp. Grand Hyatt, Santacruz(E)
Contacts
+912230645000
kalpatarupower.com