Earnings Review
Kalpataru Projects PAT falls; sales growth slowest in 6 qtrs
This story was originally published at 20:32 IST on 14 May 2026
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--Kalpataru Projects Jan-Mar net profit INR 2.20 bln
--Analysts saw Kalpataru Projects Jan-Mar net profit INR 2.85 bln
--Kalpataru Projects Jan-Mar revenue INR 69.64 bln
--Analysts saw Kalpataru Projects Jan-Mar revenue INR 70.68 bln
--Kalpataru Projects Jan-Mar net profit INR 2.20 bln vs INR 2.42 bln yr ago
--Kalpataru Projects Jan-Mar revenue INR 69.64 bln vs INR 62.04 bln yr ago
--Kalpataru Projects to pay INR 11 per share final dividend
--Kalpataru Projects Q4 net profit includes one-time cost INR 3.27 bln
--Kalpataru Projects FY26 net profit INR 8.32 bln vs INR 6.48 bln yr ago
--Kalpataru Projects FY26 revenue INR 232.10 bln vs INR 188.88 bln yr ago
By Simran Rede and Astha Oriel
MUMBAI/NEW DELHI – Kalpataru Projects Ltd.'s net profit for the March quarter missed the Street estimate due to a one-time cost, leading to the first decline in the metric in seven quarters. Revenue for the reporting quarter grew at its slowest pace in six quarters.
The engineering and construction company's net profit fell 9% on year to INR 2.20 billion in the March quarter. The decline was mainly due to a one-time cost of INR 3.27 billion. Analysts had expected net profit to rise 5% on-year to INR 2.85 billion.
The company's revenue for the reporting quarter rose over 12% on year to INR 69.64 billion, likely led by strong execution and order inflow during the quarter, as per analysts' expectations. The Street had estimated a revenue of INR 69.33 billion for the quarter.
Kalpataru's total expenditure for the March quarter was INR 64.85 billion, up almost 11% on-year, driven by a near 20% on-year rise in erection and sub-contracting costs to INR 28.03 billion. The cost of materials consumed fell around 2% on year to INR 24.57 billion, while employee costs increased nearly 20% on year to INR 4.89 billion.
The company's total income during the quarter under review grew by over 14% on-year to INR 71.24 billion. Within this, the company's other income grew nearly seven times on year to INR 1.60 billion.
The company's core earnings before interest, taxes, depreciation, and amortisation were at INR 6.72 billion, up nearly 29% on year. The core EBITDA margin expanded by 120 basis points to 9.6%.
For 2025-26 (Apr-Mar), the company's net profit was INR 8.32 billion, up over 28% on year. The revenue from operations was INR 232.10 billion, up nearly 23% on year.
The company said it will pay a final dividend of INR 11 per share for FY26.
Thursday, the company's shares closed 0.2% lower at INR 1,226.60 on the National Stock Exchange. The company announced the March quarter results after market hours. End
Edited by Saji George Titus
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