KPIL / language trends

Read confidence between the lines.

Kalpataru Projects International · tone and specificity signals across the available quarters.

Research layer active

Language signals

What changed in management language.

Q1-FY26 · Manish Manod

We are on track to achieve revenue growth in the range of 20 to 25% at both standalone and console levels with healthy improvement in PBT margin. Our order visibility remains very positive in most of our businesses as we continue to target order inflows of 26 to 28,000 crores for full year 26.

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Q1-FY26 · Manish Manod

As far as commodity risk is concerned, if you look at our order book, there's around 65% of our order book which is fixed in nature. So that 65% we do not believe that there will be any impact of any increase in commodity prices. There's 35% which is variable and out of that 35% significant is already hedged.

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Q1-FY26 · Manish Manod

Water is right now at more at a break-even level. They haven't done highly positive, they've not done highly negative. But that is what was already budgeted in our numbers when we gave projections to the entire market.

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Q3-FY26 · Manish Manut

This has been an exceptionally strong year operationally, financially and strategically.

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Q3-FY26 · Manish Manut

Our consolidated order book remains exceptionally strong standing at rupees 63,287 crores as of 31st December 25. This provides us with significant revenue visibility for the quarters ahead.

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Q3-FY26 · Manish Manut

We have built a high quality order backlog that ensures long-term revenue visibility with improved margins going forward.

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Q3-FY26 · Manish Manut

Water [is a] pain point clearly... we are hoping that would improve significantly in February March. The budget allocation to water at 67,000 cr is a huge number and they also indicated that out of the current year at 67,000 hardly 25-30% has been spent.

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Q4-FY26 · Manish Mohnot

Today I'm proud to report that we have fully delivered on each of these promises.

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Q4-FY26 · Manish Mohnot

Our biggest challenges continue to be managing the issues coming from the geopolitical scenarios, ensuring minimal disruption in labor availability and managing cost structure in the current environment.

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Q4-FY26 · Manish Mohnot

We expect folure order wins to exceed 30,000 crores in FI27.

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