Krystal Integrated Services Delivers 5% YoY Revenue Growth in FY26; New Client Wins Surge 145%, Board Recommends ₹1.50 Final Dividend

May 9, 2026

Krystal Integrated Services Delivers 5% YoY Revenue Growth in FY26; New Client Wins Surge 145%, Board Recommends ₹1.50 Final Dividend

Krystal Integrated Services Limited (KISL), a well-diversified service provider in integrated facility management services, Staffing solutions, Security services, Catering and Waste management across India, is pleased to announce its audited financial results for the fourth quarter and year ended March 31st, 2026.

 

Commenting on the performance, Mr. Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services Ltd, said,

 

“FY26 reflects steady progress in our transition towards a more resilient, margin-accretive business model. The corporate segment continues to be our key growth driver. We have added 177+ new corporate clients during the year, and the combined multi-year new business value from these additions stands at over INR300 crores. We expanded our footprint significantly, adding 255+ new sites across the country, strengthening our national accounts portfolio.

 

At the core of this evolution is our ‘Krystal 2.0’ strategy—a disciplined rebalancing of our business mix, focused on quality-led growth. We are strengthening our position as a partner of choice for multinational corporations and leading Indian conglomerates, driven by deeper client relationships, a wider service portfolio, and experienced leadership across verticals.

 

We are expanding our presence in manufacturing-led sectors such as pharmaceuticals, automotive and defence, while scaling higher-margin adjacencies including EPC, power and lighting, water and wastewater, solid waste management, solar and technical O&M. We have also secured our first solar order from DMER, marking our entry into this emerging segment.

 

Operationally, we are enhancing execution through a calibrated shift towards a more skilled workforce and continued capability building—enabling greater cross-selling and increased wallet share.

 

While this recalibration shapes our near-term trajectory, it strengthens the foundation for sustainable, high-quality growth. With a robust pipeline and a sharper focus on value-accretive engagements, we remain confident of delivering consistent growth and improved return profiles going forward.”

 

Key Consolidated Financials (Rs Mn):

Particulars

Q4 FY26

Q4 FY25

YoY%

Q3 FY26

QoQ%

FY26

 FY25

YoY%

Income from operations

3,649.38

4,131.02

(11.66%)

3,058.56

19.32%

12,772.75

12,127.84

5.32%

EBITDA*

237.75

267.52

(11.13%)

204.95

16.01%

835.33

777.12

7.49%

EBITDA Margin %

6.51%

6.48%

3 bps

6.70%

(19 bps)

6.54%

6.41%

13 bps

Profit After Tax

188.49

169.33

11.31%

159.00

18.55%

643.51

625.15

2.94%

PAT Margin

5.16%

4.10%

106 bps

5.20%

(4 bps)

5.04%

5.15%

(11 bps)

Basic EPS

13.49

12.12

11.31%

11.38

18.55%

45.94

44.61

2.99%

* EBITDA excluding Other Income

 

Key Developments:

  • Secured a ~₹275 crore, 5-year work order from the Vasai Virar City Municipal Corporation for door-to-door collection, segregation, and transportation of municipal solid waste, including street cleaning and disposal in compliance with Solid Waste Management Rules, 2016 for 3 zones
  • Incorporated a wholly owned subsidiary, Krystal Waste Work Prabhag G Private Limited, on January 20, 2026, to strengthen execution capabilities in the waste management segment
  • Won a healthcare facility management mandate worth ~₹364 crore from Tamil Nadu Medical Services Corporation Ltd. for a period of 3 years
  • Board has approved acquisition of 100% Equity Shares of Citelum India Private Limited (“CIPL”) by entering into a Share Purchase Agreement. Further, upon completion of said acquisition, CIPL shall become a Wholly Owned Subsidiary of the Company.

Q4 FY26 Highlights:

  • Revenue from operations stood at ₹3,649.38 crore in Q4 FY26, compared to ₹4,131.02 crore in Q4 FY25, decreased by 11.66% YoY. This is mainly due to our strategic decision to not aggressively bid and compromise on margins. Despite the slight reduction in operational scale, Q4FY26 witnessed sequential improvement, supported by better operational efficiency and sharper focus on profitability
  • EBITDA stood at ₹237.75 crore in Q4 FY26, compared to ₹267.52 crore in Q4 FY25, a reflection of our stated strategy to bid selectively for high margin projects
  • EBITDA margin improved by 3bps to 6.51% in Q4 FY26, compared to 6.48% in Q4 FY25, reflecting better operating leverage, margin protection measures and an improving business mix
  • Profit after tax increased by 11.31% YoY to ₹188.49 crore in Q4 FY26, compared to ₹169.33 crore in Q4 FY25
  • PAT margin increased by 106 bps to 5.16% in Q4 FY26, compared to 4.10% in Q4 FY25

 

FY26 Highlights:

  • Revenue from operations increased 5.32% YoY to ₹12,772.75 crore in FY26, compared to ₹12,127.84 crore in FY25, driven by steady execution of existing contracts and new order wins across government and corporate verticals
  • EBITDA grew by 7.49% YoY to ₹835.33 crore in FY26, compared to ₹777.12 crore in FY25, supported by disciplined cost control, improved bid quality and a higher contribution from corporate and specialised service segments
  • EBITDA margin improved marginally by 13 bps to 6.54% in FY26, compared to 6.41% in FY25, reflecting operational efficiencies, better operating leverage and improvement in business mix
  • Profit after tax marginally increased by 2.94% YoY to ₹643.51 crore in FY26, compared to ₹625.15 crore in FY25
  • PAT margin stood at 5.04% in FY26, compared to 5.15% in FY25
  • The Board has recommended a final dividend of Rs. 1.50 per equity share, subject to approval in the Annual General Meeting