Kalpataru Projects International Q4 FY26 Results: Net Profit Soars 93% YoY — A Record-Breaking Quarter
By Kaushik Brahmakshatriya
Published On 31 May 2026.
Kalpataru Projects International Q4 FY26 Results
Kalpataru Projects International Limited (KPIL), one of India’s leading specialised EPC (Engineering, Procurement & Construction) companies, has delivered a stellar financial performance in the fourth quarter of FY2025–26. The company posted a consolidated net profit of ₹434.21 crore for Q4 FY26, representing a massive 92.63% year-on-year (YoY) jump compared to ₹225.41 crore in Q4 FY25. This blockbuster quarter has firmly established KPIL as one of the strongest infrastructure plays on Dalal Street heading into FY27.
Q4 FY26 Financial Highlights at a Glance
| Metric | Q4 FY26 | Q4 FY25 | YoY Change |
| Revenue from Operations | ₹7,777.90 Cr | ₹7,066 Cr | +10.06% |
| EBITDA | ₹640 Cr | ₹538 Cr | +19% |
| EBITDA Margin | 8.2% | 7.6% | +60 bps |
| PAT (Net Profit) | ₹434.21 Cr | ₹225.41 Cr | +92.63% |
| EPS | ₹25.42 | — | — |
| PBT (before exceptional items) | ₹445.29 Cr | ₹295.69 Cr | +50.59% |
Revenue Hits an All-Time High
KPIL’s revenue from operations reached ₹7,777.90 crore in Q4 FY26 — the highest quarterly revenue in the company’s history. This represents a 10.06% rise over the same quarter last year and a sharp 16.69% sequential jump over Q3 FY26. The growth was broad-based, with strength visible across the company’s core verticals.
Transmission & Distribution (T&D) revenue grew 25% YoY, while the Buildings & Factories segment posted 19% YoY growth. The diversified sectoral mix — spanning power, water, railways, oil & gas, highways, and urban mobility — ensured that no single segment dragged overall performance.
Full Year FY26: Crossing the ₹1,000 Crore PAT Milestone
| Metric | FY26 | FY25 | YoY Change |
| Annual Revenue | ₹27,143 Cr | ₹22,316 Cr | +22% |
| EBITDA | ₹2,240 Cr | — | +22% |
| EBITDA Margin | 8.3% | — | — |
| Full Year PAT | ₹1,030.63 Cr | ₹567.27 Cr | +82% |
| EPS (Full Year) | ₹61 | ₹36 | +71% |
| Net Debt | ₹915 Cr | ~₹1,950 Cr | -53% |
For the first time in its history, KPIL crossed the ₹1,000 crore PAT threshold for a full financial year. The company also achieved a significant 53% reduction in net debt, bringing it down to ₹915 crore, which substantially improves its balance sheet quality.
Order Book at an All-Time High of ₹65,457 Crore
One of the most impressive highlights of this result is the company’s order pipeline. KPIL secured new order inflows exceeding ₹26,000 crore during FY26, pushing its total order book to an all-time high of ₹65,457 crore. This represents approximately 2.4 years of revenue visibility, providing strong earnings predictability going into FY27 and FY28.
This robust order book signals that KPIL is winning large infrastructure contracts consistently — a testament to its execution track record and competitive positioning in the EPC sector.
EBITDA Margin Expansion: A Sign of Operating Leverage
EBITDA for Q4 FY26 came in at ₹640 crore, growing 19% YoY from ₹538 crore. More importantly, the EBITDA margin expanded 60 basis points to 8.2% from 7.6% in Q4 FY25. On a full-year basis, EBITDA margin held steady at 8.3%, with management guiding for further improvement in FY27 as project execution scales up.
Dividend Declared: ₹11 Per Share
Rewarding its shareholders for a strong year, KPIL’s Board of Directors has recommended a final dividend of ₹11 per equity share (face value ₹2 per share), representing a payout of 550%. This is subject to shareholder approval at the upcoming Annual General Meeting.
Institutional Confidence Remains Strong
Domestic mutual fund holdings in KPIL increased to 40.41% in March 2026 from 39.30% in December 2025 — a sequential rise of 111 basis points. With 23 mutual fund schemes holding stakes, the company enjoys broad-based institutional support. FII holdings stood at 10.92%, slightly lower QoQ due to some profit booking, but overall institutional interest remains robust.
Stock Performance
Following the Q4 results announcement, KPIL’s stock rallied over 3% to ₹1,264 on the BSE. Over the past 12 months, the stock has delivered ~18.5% returns, comfortably outperforming the Sensex, which declined around 8% in the same period.
FAQs: Kalpataru Projects International Q4 FY26 Results
Q1. What was KPIL’s net profit in Q4 FY26?
KPIL reported a consolidated net profit of ₹434.21 crore in Q4 FY26, up 92.63% compared to ₹225.41 crore in Q4 FY25.
Q2. What was KPIL’s revenue in Q4 FY26?
Revenue from operations stood at ₹7,777.90 crore — the highest in a single quarter in the company’s history.
Q3. What is KPIL’s current order book?
KPIL’s order book reached an all-time high of ₹65,457 crore as of March 2026, with new order inflows of over ₹26,000 crore in FY26.
Q4. Did KPIL declare a dividend for FY26?
Yes. The Board recommended a final dividend of ₹11 per equity share (face value ₹2), subject to shareholder approval.
Q5. What is KPIL’s EBITDA margin for Q4 FY26?
EBITDA margin for Q4 FY26 stood at 8.2%, an improvement of 60 basis points over 7.6% in Q4 FY25.
Disclaimer: This blog post is for informational purposes only and does not constitute financial or investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.we are not responsible for any loss.
