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Informist, Wednesday, Feb. 4, 2026

By Ashutosh Pati

MUMBAI – Kalpataru Projects International Ltd. on Wednesday reported higher double-digit growth in both its bottom line and top line for the December quarter, but marginally missed the Street's expectations on net profit. This was the company's slowest on-year growth in both the metrics in four quarters.

The company reported a net profit of INR 2.11 billion for the December quarter, up over 34% on year and around 6% sequentially. Analysts had expected the company to post a net profit of INR 2.17 billion. Its revenue from operations rose 20% on year and 7% sequentially to INR 57.88 billion for the reporting quarter, slightly higher than expectations of INR 57.02 billion.

Kalpataru Projects posted a sharp rise of around 19% on year in its total expenses for the quarter, led by a rise in cost of materials consumed, and sub-contracting, and other project expenses.

Its total expenses rose nearly 19% on year to INR 54.99 billion for the December quarter, with the cost of materials rising around 5% on year to INR 20.40 billion. Its employee benefits expenses rose over 27% on year to INR 4.42 billion while expenses on erection, sub-contracting, and other project expenses were up around 42% on year to INR 24.85 billion. The company also incurred a cost of INR 294.8 million on the implementation of the new labour codes.

The company's revenue growth was led by robust project execution and a healthy order backlog in its transmission and distribution, buildings and factories, oil and gas and urban infrastructure businesses, Kalpataru Projects said. The company got total order inflows of INR 194.56 billion till date in FY26. It received new orders of around INR 17.82 billion in January, mainly in the transmission and distribution vertical and buildings and factories vertical, it said in a release.

Kalpataru's earnings before interest, tax, depreciation, and amortisation rose 20% on year to INR 4.81 billion, with EBITDA margins at 8.3% for the December quarter. "The growth momentum witnessed in the first half of FY26 continued into the Q3 FY26 (Oct-Dec), as we reported broad-based performance for KPIL, led by healthy revenue growth, sustained margin improvement, robust order book, and improved financial discipline," said Manish Mohnot, managing director and chief executive officer, in the release.

For the nine months ending December, the company reported a net profit of INR 6.12 billion on revenues of INR 162.46 billion. Its net profit for the period was up around 51% on year while revenue was up over 28%. The company declared its December quarter results post market hours. On Wednesday, shares of the company closed 0.2% lower at INR 1,125.5 on the National Stock Exchange.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Akul Nishant Akhoury

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