India · Delayed Price · Currency is INR Kalpataru Projects International Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw 22% revenue growth, 82% PAT surge, and record order inflows, with strong performance across T&D, B&F, oil & gas, and urban infra. FY 2027 guidance targets 15%+ revenue growth, robust margins, and over INR 30,000 crore in new orders, despite ongoing geopolitical and supply chain risks.
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Q3 FY26 saw strong revenue and earnings growth, with robust order inflows and a strengthened balance sheet from strategic divestments. T&D, B&F, and Oil & Gas segments led performance, while water segment collections improved. Margin and growth momentum are expected to continue.
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Q2 FY26 saw record revenue and profitability, with strong growth in T&D, B&F, Oil & Gas, and Urban Infrastructure. Order book remains robust at INR 64,642 crore, but working capital is impacted by delayed water project collections. Management reaffirms 25%+ revenue growth and improved margins for FY26.
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Q1 FY26 saw record revenue and profitability, with 35% YoY revenue growth and 154% YoY PAT growth. Order book rose 14% YoY to INR 65,475 crores, and net debt reduced significantly. Strong performance in T&D, B&F, and oil & gas segments, with robust outlook and 20%-25% revenue growth guidance for FY26.
Fiscal Year 2025
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Record FY25 results with double-digit growth in revenue, EBITDA, and order book, driven by strong execution in T&D, B&F, and oil & gas. FY26 guidance targets 20%+ revenue growth, improved margins, and continued order book diversification.
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Q3 FY25 saw 17% revenue growth, strong order inflows, and record backlog, with robust execution in T&D, B&F, and oil & gas. Water business faced collection delays but is set for recovery, while net debt and working capital improved significantly.
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Q2 FY25 saw 9% revenue growth and 18% higher EBITDA, with strong performance in T&D, B&F, oil & gas, and urban infra. Order inflows hit a record INR 11,865 crores, and margins improved. Water business lagged due to delayed collections, but outlook remains positive with robust order book and margin expansion expected.
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Q1 FY25 delivered 8.2% revenue growth despite labor and collection challenges, with strong order inflows and a 21% YoY rise in backlog to INR 57,195 crores. Margin recovery is expected from Q2, with FY25 guidance reaffirmed for 20%+ revenue growth and improved profitability.