Kalaptaru Power Transmission Q2 FY26 Earnings Results

Kalpataru Power Transmission Ltd is a global EPC player with diversified interest in power transmission and distribution, oil and gas pipeline, railways and biomass based power generation.

 

Q2 FY26 Earnings Results

• Consolidated Revenue: ₹6,529 crore, up 33.3% YoY from ₹4,900 crore, and sequentially up from ₹6,171 crore in Q1 FY26, marking a record quarter for the company.​

• Net Profit (PAT): ₹240 crore, up an impressive 91–92% YoY and up from ₹214 crore in Q1 FY26, indicating robust bottom-line expansion driven by strong project execution and cost management.​

• EBITDA: ₹561 crore, up 28.1% YoY with an EBITDA margin of 8.6% (down slightly YoY due to project mix and slower water segment execution).​

• PBT: ₹322 crore, up 71% YoY.​

• Order Book: ₹64,682 crore as of September 2025, up 26% YoY; ₹14,951 crore new orders secured in FY26 YTD, with ₹5,000 crore of further favorable placements anticipated, especially in T&D.​

• Net debt reduced 14% YoY to ₹3,169 crore; net working capital improved to 90 days (down by 8 days YoY).​

 

Management Commentary & Strategic Insights

• Management highlighted best-ever quarterly revenue and profitability, attributing growth to strong execution in T&D, Buildings & Factories, and international projects, particularly the Saudi Aramco ramp-up.​

• Focus continues on large-scale project execution, geographical diversification, and margin discipline despite ongoing pressure in the water segment.​

• Outlook for FY26 is robust, with revenue growth guidance of 25%+ and targeted order inflow of ₹25,000 crore+ for the year, leveraging a T&D pipeline expansion to ₹1.5 trillion across domestic and international markets.​

• Strategic priorities include continued working capital optimization, debt reduction, and accelerating closure of legacy railway and water projects to reinforce margin and liquidity improvement.​

 

 

Q1 FY26 Earnings Results

• Consolidated Revenue: ₹6,171 crore, up 35% YoY from ₹4,608 crore in Q1 FY25.​

• PAT: ₹214 crore, up 154% YoY, underscoring operational momentum and margin recovery from prior year.​

• EBITDA: ₹525 crore, up 39% YoY; margin expanded by 20bps to 8.5%.​

• Order book: ₹65,475 crore; new order intake of ₹9,899 crore till Q1 FY26 highlights business visibility.​

• Net debt reduced 26% YoY to ₹2,765 crore and net working capital days improved to 91.

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.