Krystal Integrated Services Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Krystal Integrated Services Ltd filed with BSE on 12 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Krystal Integrated Services reported Q4 FY26 revenue of INR364.94 crores, down nearly 12% year-on-year, which management attributed to a deliberate decision to avoid low-margin bids, while PAT rose over 11% to INR18.85 crores. For the full year, revenue grew 5.32% to INR1,277.28 crores and EBITDA margin improved to 6.54%. Management also announced the acquisition of Citelum India Private Limited and reported an order book of approximately INR1,220 crores on a standalone basis and over INR2,500 crores on a consolidated basis.
Numbers mentioned
Revenue: INR364.94 crores (Q4 FY26)
p. 7
“We reported INR364.94 crores in revenue during Q4 FY '26, nearly 12% year-on-year decline.”
Barun Dey, page 7 of the filed PDF · View the filing
EBITDA (excluding other income): INR23.78 crores (Q4 FY26)
p. 7
“The EBITDA, excluding the other income for the quarter, was INR23.78 crores and 11% yearon-year decline, reflecting the same selective bidding discipline.”
Barun Dey, page 7 of the filed PDF · View the filing
EBITDA margin: 6.51% (Q4 FY26)
p. 7
“EBITDA margin, however, improved by 3 basis points to 6.51%.”
Barun Dey, page 7 of the filed PDF · View the filing
PAT: INR18.85 crores (Q4 FY26)
p. 7
“Our PAT during the quarter is INR18.85 crores as against INR16.93 crores in the fourth quarter of FY '25, an increase of over 11% year-on-year.”
Barun Dey, page 7 of the filed PDF · View the filing
PAT margin: 5.16% (Q4 FY26)
p. 7
“PAT margin stood at 5.16%, up 106 basis points over Q4 FY '25.”
Barun Dey, page 7 of the filed PDF · View the filing
Earnings per share: INR13.49 (Q4 FY26)
p. 7
“The earnings per share for the quarter is INR13.49.”
Barun Dey, page 7 of the filed PDF · View the filing
Revenue: INR1,277.28 crores (FY26)
p. 8
“Our revenue for FY '26 came at INR1,277.28 crores, a 5.32% year-on-year rise driven by steady execution of existing contracts and new order wins across government and corporate vertical.”
Barun Dey, page 8 of the filed PDF · View the filing
EBITDA (excluding other income): INR83.53 crores (FY26)
p. 8
“Our EBITDA, excluding the other income for the year, stood at INR83.53 crores, up by 7.5% year-on-year.”
Barun Dey, page 8 of the filed PDF · View the filing
EBITDA margin: 6.54% (FY26)
p. 8
“EBITDA margin is 6.54%, an improvement of 13 basis points over FY '25, reflecting operational efficiency, better operational leverage and improvement in business mix.”
Barun Dey, page 8 of the filed PDF · View the filing
PAT: INR64.35 crores (FY26)
p. 8
“Our PAT during the period is INR64.35 crores as against INR62.5 crores in FY '25, up by nearly 3%.”
Barun Dey, page 8 of the filed PDF · View the filing
PAT margin: 5.04% (FY26)
p. 8
“PAT margin stood at 5.04%.”
Barun Dey, page 8 of the filed PDF · View the filing
Earnings per share: INR45.94 (FY26)
p. 8
“The earnings per share for the period is INR45.94.”
Barun Dey, page 8 of the filed PDF · View the filing
Loans and advances: approximately INR146.45 crores (as on March 2026)
p. 8
“Our loan and advances stood at approximately INR146.45 crores as on March '26, and we expect that this will be reduced meaningfully in the near term as short-term positions are recovered.”
Barun Dey, page 8 of the filed PDF · View the filing
Debt equity ratio: 0.22 (FY26)
p. 8
“Our debt equity remains comfortable at 0.22.”
Barun Dey, page 8 of the filed PDF · View the filing
Final dividend: INR1.50 per equity share (FY26)
p. 8
“I am happy to share that Board of Directors has recommended a final dividend of INR1.50 per equity share of face value of INR10 for the financial year '26, subject to approval of shareholders.”
Barun Dey, page 8 of the filed PDF · View the filing
Order book: approximately INR1,220 crores standalone; crosses INR2,500 crores on consol basis (as of 31 March 2026)
p. 6
“As of 31st March 2026, our order book in hand stands approximately INR1,220 crores.”
Sanjay Dighe, page 6 of the filed PDF · View the filing
New customers added: 177 new customers and 250-plus new sites (FY26)
p. 3
“We added over 177 new customers and 250-plus new sites in the financial year FY '26.”
Sanjay Dighe, page 3 of the filed PDF · View the filing
New business value: INR300 crores (FY26)
p. 5
“And the combined multiyear new business value from these additions stands at a whopping INR300 crores.”
Sanjay Dighe, page 5 of the filed PDF · View the filing
Taskmaster revenue: INR46 lakhs (FY26)
p. 9
“Currently -- the Taskmaster currently has -- it is a start-up. So, it has posted a revenue of about INR46 -- in this year, INR46 lakhs.”
Sanjay Dighe, page 9 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue growth — upwards of 20% · FY '26-'27
stated firmly by Sanjay Dighe
p. 7
“Therefore, our guidance for FY '26-'27, we are targeting upwards of 20% revenue growth on a consolidated basis.”
Sanjay Dighe, page 7 of the filed PDF · View the filing
EBITDA margin — FY '26-'27
stated as an aspiration by Sanjay Dighe
p. 7
“Margin appreciation is also expected going forward, led by the increasing contribution of our corporate segment and the gradual scaling of our higher-margin emerging verticals.”
Sanjay Dighe, page 7 of the filed PDF · View the filing
Waste management qualification (tons per day) — 800 to 1,000 tons per day · next 18 months
stated as an aspiration by Sanjay Dighe
p. 7
“We are targeting to scale this qualification to 800 to 1,000 tons per day over the next 18 months, which would substantially enhance our revenue potential and also give us the scope to better our margin profile.”
Sanjay Dighe, page 7 of the filed PDF · View the filing
Working capital — near term
stated as an aspiration by Barun Dey
p. 8
“Our loan and advances stood at approximately INR146.45 crores as on March '26, and we expect that this will be reduced meaningfully in the near term as short-term positions are recovered.”
Barun Dey, page 8 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said global players outsource these services since they lack in-house capabilities, while Krystal is a direct service provider offering seamless delivery.
Answered by Sanjay Dighe
Asked by Shravan Modi: How does Krystal differentiate from large global players like CBRE, JLL, SIS and Sodexo in large corporate mandates?
p. 8
“So therefore, they come with international mandates, but they do not have in-house capabilities to offer these services that we offer.”
Sanjay Dighe, page 8 of the filed PDF · View the filing
Management said Taskmaster is an early-stage start-up generating small revenue with no multi-year guidance available yet.
Answered by Sanjay Dighe
Asked by Mahesh Kumar: How much revenue does Taskmaster currently contribute and what is the growth outlook?
p. 10
“To be very honest, Mahesh Kumar, we are -- I will not be able to give you a 2-, 3-year guidance because a lot of work is going on.”
Sanjay Dighe, page 10 of the filed PDF · View the filing
Management said about INR180 crores of business was deliberately not bid for due to margin discipline, plus some tender decisions were delayed and would spill into the next fiscal.
Answered by Sanjay Dighe
Asked by Vansh Rathod: How much of the Q4 revenue decline was due to exiting low-margin contracts versus delays in government tendering?
p. 11
“INR180 crores worth of business, we had decided we had taken a step not to go and bid aggressively and chasing revenue.”
Sanjay Dighe, page 11 of the filed PDF · View the filing
Management confirmed delays in decision disclosure on tenders already bid for, expecting results to come through later.
Answered by Sanjay Dighe
Asked by Vansh Rathod: Is there a delay in government tendering where the company is L1?
p. 11
“So, there is a -- slight delay in the processes to disclose the decision.”
Sanjay Dighe, page 11 of the filed PDF · View the filing
Management said commercialization depends on pilot results measuring waste reduction timelines, with no fixed commercial cost yet determined.
Answered by Sanjay Dighe
Asked by Nimesh Pandya: What is the expected timeline for commercialization of the bioenzyme technology?
p. 12
“So currently, there is no fixed commercial cost that can be allotted because these are all under pilot.”
Sanjay Dighe, page 12 of the filed PDF · View the filing
Risks flagged
Revenue decline from deliberate avoidance of low-margin bids
p. 7
“So, this was a conscious outcome of our disciplined approach to bidding where we choose not to pursue opportunities that will dilute margin.”
Barun Dey, page 7 of the filed PDF · View the filing
Increased working capital due to rapid growth in new customers and geographies
p. 8
“Now our working capital, specifically receivables and loans and advances, has increased during the year.”
Barun Dey, page 8 of the filed PDF · View the filing
Delay in government tender decision-making
p. 11
“And since we participate in larger contracts, there are times to evaluate these contracts, the decision-making process takes a little time, which is good.”
Sanjay Dighe, page 11 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.