Kalpataru Projects International Ltd has announced fresh order wins amounting to ₹4,439 crore, further strengthening its order book and enhancing near-term revenue visibility. The contracts, secured along with its subsidiaries, are largely concentrated in the transmission and distribution (T&D) segment.
The latest inflows have enabled the company to surpass its annual order intake target, reflecting strong business momentum despite recent pressure on its stock performance.
Order Composition and Geographic Spread
The newly secured projects span both domestic and international markets, underlining the company’s diversified execution capabilities. Key highlights include a 400kV transmission line project with associated substations in Africa, multiple transmission line projects within India, and a substation project in Sweden.
According to Manish Mohnot, Managing Director and CEO, the company has exceeded its annual order inflow guidance of ₹26,000 crore, signalling robust demand across core business segments.
The T&D segment continues to be the primary growth driver, contributing nearly 50% to the year-to-date order inflows for FY26. The buildings and factories (B&F) segment follows with approximately 40%, highlighting a well-diversified project pipeline.
Financial Performance and Margin Trends
In its third-quarter financial results, Kalpataru Projects reported a 7% year-on-year increase in net profit to ₹152 crore. Revenue witnessed a strong growth of 16.3%, reaching ₹6,665 crore, supported by improved project execution.
EBITDA rose 7.2% to ₹512.7 crore. However, EBITDA margins moderated to 7.7%, compared to 8.3% in the corresponding period last year, reflecting rising cost pressures.
Maintaining margin stability remains a key focus area for the company, particularly as it scales up execution across a growing portfolio of large-scale projects.
Summary
Kalpataru Projects has secured new orders worth ₹4,439 crore, helping it exceed its FY26 order inflow target of ₹26,000 crore. The majority of orders are from the T&D segment, with projects across India and international markets. While revenue and profit growth remain strong, margin pressure persists, making cost management a key area of focus going forward.
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