Kalpataru Projects International Limited : Q2 FY27

KPIL Key Financial Highlights Net Profit: Rose 20.4% year-on-year to ₹289 crore (compared to ₹240 crore in Q2 FY26). Consolidated Revenue: Grew 7.3% year-on-year to ₹7,004 crore (versus ₹6,529 crore). Revenue excluding road SPVs and the Brazil subsidiary expanded by 13% to ₹6,995 crore. EBITDA & Margins: Reported EBITDA stood at ₹581 crore (up 3.4%). Core EBITDA excluding road SPVs and the Brazil subsidiary grew 16% to ₹582 crore, with core margin improving to 8.3%. Segment-Wise Performance Oil & Gas: Demonstrated exceptional momentum with revenue surging 58% year-on-year to ₹884 crore, anchored by strategic international wins including maiden gas pipeline infrastructure and water treatment projects in the Middle East. Buildings & Factories (B&F): Recorded a 20% growth, reaching ₹2,031 crore. Transmission & Distribution (T&D): Steady growth of 7% with revenue at ₹3,069 crore. Water & Infrastructure: Water revenue stood at ₹498 crore (down 4%) and Infrastructure at ₹440 crore (down 11%). Balance Sheet Strength & Order Book Debt Optimization: Net debt reduced sharply to ₹72 crore as of September 30, 2026, down from ₹917 crore at the end of the June quarter. Net working capital improved to 68 days. Order Book & Inflows: Total order book stands robust at ₹71,846 crore. Total order inflows for FY27 have reached ₹23,934 crore, complemented by L1 positions of approximately ₹5,000 crore.