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Informist, Friday, Oct. 31, 2025

By Arundathi A R and Akshat Saksena

MUMBAI – Kalpataru Projects International Ltd. Friday posted a robust on-year jump in its bottom line for the September quarter as the increase in revenue outstripped the rise in expenses. The company comfortably beat the Street estimate for the reporting quarter revenue and its net profit was in line with the estimate.

The engineering and construction company reported a net profit of INR 2 billion for the September quarter, up over 51% on year but down marginally over the trailing quarter. Kalpataru reported revenues of INR 54.19 billion for the reporting quarter, up 31% on year and up almost 8% on quarter. Analysts had expected the company to report a top line of INR 52.49 billion.

Kalpataru's total expenditure for the September quarter was INR 51.71 billion, up 30% on year, driven by an almost 29% on-year rise in erection, sub-contracting, and other project expenses to INR 20.42 billion. The cost of materials consumed rose almost 24% on year to INR 21.01 billion while employee costs increased nearly 41% on year to INR 4.60 billion.

The company's earnings before interest, tax, depreciation, and amortisation for the September quarter rose 28% on year to INR 4.47 billion, slightly missing analysts' estimates of INR 4.54 billion. Its EBITDA margin for the quarter was 8.3%, down 10 bps on year. For the half-year ended September, the company reported revenues of INR 104.59 billion, up 33% on year. The company's net profit for the reporting quarter rose 61% on year to INR 4.01 billion. 

For the half year ended September, Kalpataru's EBITDA rose 32% on year to INR 8.76 billion. During Apr-Sept, the company's net debt declined 22% on year to INR 21.89 billion. As of Sept. 30, the comapny's consolidated order book was INR 646.82 billion, with new order inflows worth INR 149.51 billion till date in 2025-26 (Apr-Mar), up around 26% on year.

The company's domestic business accounted for 63% and international business accounted for 37% of the its consolidated order book. The transmission and distribution bussiness accounted for INR 262.75 billion or 40% of its total order book as of Sept. 30 and its buildings and factories business acounted for INR 18.76 billion or 29% of the total order book. Urban infrastructure, railways, oil and gas, along with it's water business cumulatively accounted for INR 196.49 billion or 31% of the company's total order book. 

The order inflows of the company from it buildings and factories business were INR 80.88 billion and accounted for 54% of the total consolidated order inflow. The order inflows from its power transmission and distribution business was INR 68.63 billion accounting for 46% of the total order inflow. 

Friday, shares of the company ended 0.5% lower at INR 1,256.40 on the National Stock Exchange. The company announced its results during market hours.  End

Edited by Akul Nishant Akhoury

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