Krystal Integrated Services Limited announced its audited financial results for the quarter and financial year ended March 31, 2026, reporting stable revenue growth, improved operational efficiency and strong expansion in corporate and infrastructure-focused business segments.

The company delivered 5.32% year-on-year growth in revenue during FY26 while improving EBITDA margins and strengthening its long-term business portfolio through selective bidding and diversified expansion strategies.

The Board of Directors has also recommended a final dividend of Rs 1.50 per equity share for FY26, subject to shareholder approval.

FY26 Financial Performance

For the full financial year FY26, the company reported:

• Revenue from operations: Rs 1,277.28 crore
• FY25 Revenue: Rs 1,212.78 crore
• Revenue Growth: 5.32% YoY

The company’s EBITDA increased to:

• FY26 EBITDA: Rs 83.53 crore
• FY25 EBITDA: Rs 77.71 crore
• Growth: 7.49% YoY

EBITDA margin improved marginally to:

• FY26 EBITDA Margin: 6.54%
• FY25 EBITDA Margin: 6.41%

Profit after tax for FY26 stood at:

• FY26 PAT: Rs 64.35 crore
• FY25 PAT: Rs 62.52 crore
• PAT Growth: 2.94%

Basic earnings per share increased to Rs 45.94 from Rs 44.61 in FY25.

Q4 FY26 Highlights

During the fourth quarter of FY26, the company reported lower revenues due to a conscious strategy of avoiding aggressive low-margin bidding.

Q4 Revenue

• Q4 FY26 Revenue: Rs 364.94 crore
• Q4 FY25 Revenue: Rs 413.10 crore
• YoY Change: Down 11.66%

Despite lower revenue, the company improved profitability and margins.

Q4 Profit Growth

• Q4 FY26 PAT: Rs 18.85 crore
• Q4 FY25 PAT: Rs 16.93 crore
• PAT Growth: 11.31% YoY

PAT margin improved significantly to:

• Q4 FY26 PAT Margin: 5.16%
• Q4 FY25 PAT Margin: 4.10%

EBITDA during the quarter stood at Rs 23.78 crore compared to Rs 26.75 crore in the same quarter last year.

EBITDA margin improved slightly to 6.51%.

Focus On Quality-Led Growth Strategy

The company stated that FY26 reflected steady progress in its transition towards a more resilient and margin-focused business model.

Krystal Integrated Services has adopted a disciplined approach under its Krystal 2.0 strategy, focusing on:

• High-margin projects
• Sustainable growth
• Operational efficiency
• Better client quality
• Improved return profiles

The management indicated that this selective bidding approach may affect short-term revenue growth but is expected to strengthen long-term profitability.

The company is increasingly focusing on becoming a preferred integrated services partner for multinational corporations and leading Indian companies.

Strong Growth In Corporate Business

The corporate business segment emerged as a major growth driver during FY26.

Key achievements include:

• Addition of more than 177 new corporate clients
• Expansion into over 255 new sites across India
• Multi-year new business value exceeding Rs 300 crore

The company reported approximately 145% year-on-year growth from new clients in the corporate segment.

This expansion strengthens the company’s national accounts portfolio and improves business diversification across industries.

Expansion Into Manufacturing And Infrastructure Segments

Krystal Integrated Services is actively expanding into manufacturing and infrastructure-related industries.

The company highlighted focus areas including:

• Pharmaceuticals
• Automotive
• Defence
• EPC projects
• Power and lighting
• Water and wastewater management
• Solar projects
• Technical operations and maintenance services

The company also secured its first solar project from DMER, marking entry into the renewable energy support services segment.

Expansion into specialised and higher-margin service areas may improve long-term profitability and revenue diversification.

Major Order Wins During FY26

Krystal Integrated Services secured several important contracts during FY26 across waste management and healthcare infrastructure.

Vasai Virar Municipal Corporation Contract

The company won a major:

• Rs 275 crore work order
• Five-year contract duration

The project involves:

• Door-to-door waste collection
• Segregation
• Transportation of municipal solid waste
• Street cleaning
• Disposal management

The project will be executed across three zones under Solid Waste Management Rules, 2016.

Tamil Nadu Medical Services Corporation Contract

The company also secured a healthcare facility management mandate worth approximately:

• Rs 364 crore
• Three-year contract duration

The order was awarded by Tamil Nadu Medical Services Corporation Ltd.

Healthcare infrastructure management remains one of the company’s key business verticals.

Acquisition Of Citelum India

The Board approved acquisition of 100% equity shares of Citelum India Private Limited.

Upon completion of the acquisition:

• Citelum India will become a wholly owned subsidiary of the company

The acquisition is expected to strengthen Krystal’s technical and infrastructure services capabilities.

Strategic acquisitions may help the company expand market presence and diversify service offerings.

Strengthening Waste Management Business

The company incorporated a wholly owned subsidiary named:

• Krystal Waste Work Prabhag G Private Limited

The subsidiary was incorporated on January 20, 2026 to strengthen execution capabilities in the waste management business.

Waste management is emerging as a major growth area due to:

• Urban infrastructure development
• Municipal outsourcing
• Environmental regulations
• Smart city projects

The company already provides services related to:

• Bio-mining of legacy waste
• Common Effluent Treatment Plants
• Zero Liquid Discharge technologies

Nationwide Operational Presence

Krystal Integrated Services has developed a strong nationwide operational network across multiple industries.

The company provides services across sectors including:

• Healthcare
• Education
• Airports
• Railways
• Metro infrastructure
• Manufacturing
• Retail
• Government institutions
• Municipal corporations

Its service portfolio includes:

• Integrated facility management
• Staffing solutions
• Security services
• Catering services
• Waste management solutions

Growing Customer Base

The company has consistently expanded its customer base and operational reach over the years.

Customer growth:

• FY21: 262 customers
• FY22: 277 customers
• FY23: 326 customers
• FY24: 369 customers
• FY25: 461 customers

Operational locations increased to 3,209 customer locations across India.

This reflects rising market penetration and stronger execution capabilities.

Industry Outlook

India’s integrated facility management and outsourcing industry continues to witness rising demand driven by:

• Growth in manufacturing
• Expansion of corporate offices
• Urbanisation
• Infrastructure development
• Outsourcing trends
• Healthcare expansion

Segments like waste management, technical maintenance and water treatment are also seeing increasing opportunities.

Companies with diversified service capabilities and pan-India execution infrastructure may benefit from these trends.

Management Commentary

CEO and Whole Time Director Sanjay Dighe stated that FY26 reflected steady progress towards building a stronger and more resilient business model.

The management highlighted:

• Strong corporate business momentum
• Expansion into specialised sectors
• Improvement in client relationships
• Capability enhancement through skilled workforce development

The company remains confident about future growth opportunities supported by a strong business pipeline and value-focused project selection.

Dividend Recommendation

The Board recommended a final dividend of:

• Rs 1.50 per equity share

The dividend remains subject to shareholder approval during the upcoming Annual General Meeting.

Dividend recommendations generally indicate management confidence in financial stability and future cash flow generation.

Investor Focus Areas

Investors may closely track the company due to:

• Stable revenue growth
• Margin improvement
• Large order wins
• Corporate segment expansion
• Entry into solar and infrastructure services
• Strategic acquisitions

The company’s disciplined bidding strategy may continue supporting margin protection and long-term profitability.

Expansion into specialised service segments may further improve business quality and operational efficiency.

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