Kalpataru Projects International Ltd (BOM:522287)

Q1 2027 Kalpataru Projects International Limited Earnings Call Transcript

Aug 11, 2026 / 11:30 AM GMT

Release Date Price: ₹1347.75 (+2.34%)

Transcript

Key Points

Positve

Kalpataru Projects International Ltd (BOM:522287) delivered record first-quarter revenue, EBITDA, and profitability, with consolidated revenue up 9% YoY and PAT up 46% YoY.
The company's consolidated EBITDA margin expanded by 30 basis points to 8.8%, and PBT margin rose 190 basis points YoY to 6.6%, reflecting strong operating leverage and improved business mix.
Order book reached an all-time high of Rs. 66,607 crores, supported by robust order inflows of Rs. 7,668 crores in Q1 FY27 and an additional L1 position in projects worth Rs. 7,500 crores.
The company's balance sheet remains strong with a consolidated net debt-to-equity ratio of 0.1x, and working capital days declined by 11-12 days YoY, highlighting disciplined capital management.
Kalpataru Projects International Ltd (BOM:522287) secured its first water treatment project in the Middle East (Rs. 344 crores), opening a new high-potential market, and maintains strong growth prospects in T&D, B&F, and oil & gas segments.
The company reaffirmed its FY27 guidance of at least 15% revenue growth and over 75 basis points PBT margin improvement, with a healthy operating cash flow trajectory.

Negative

The company faced early-quarter labor shortages due to state elections, which impacted project execution and contributed to industry-wide challenges.
Slower receivables in the water business remain a concern, with bill plus unbilled outstanding at around Rs. 1,500 crores, although collections are improving.
Global supply chain constraints stemming from ongoing disruptions in the Middle East posed execution challenges during the quarter.
Order inflows in the oil and gas segment have been delayed, with management expecting major awards only in Q3 FY27, creating near-term uncertainty in this business.
The water business is currently not bidding for new domestic projects until collections improve, limiting near-term growth opportunities in that segment.
The company's Brazil business revenue has fallen to nearly zero, reflecting a complete write-off and exit from that market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KAPT.NS - Kalpataru Projects International Limited
Q1 2027 Kalpataru Projects International Limited Earnings Call
Aug 11, 2026 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Kalpatru Projects International's Q1 FY27 earnings call. As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing then 0 on a touch tone phone. Please note that this conference is being recorded.

I now hand the conference over. Kishan Mundra.

Thank you and over to you, sir.

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Unidentified_2 [2]
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