KPIL Kalpataru Projects International Q2 FY26 results (Jul–Sep 2025) and concall
KPIL delivered a robust Q2 FY26 with record revenue and profitability, led by exceptional execution in the T&D and B&F segments. While the company raised its full-year revenue growth guidance to 25%+, it continues to face working capital headwinds due to delayed payments in the Water business, particularly in UP and Jharkhand. Management remains bullish on the ₹1.5 trillion T&D tender pipeline and is focused on stabilizing international subsidiaries while improving overall PBT margins.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 4,826 | 6,204 | 5,040 | 5,419 |
| EBITDA | 402 | 523 | 428 | 447 |
| Net profit | 157 | 242 | 201 | 200 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





