Krystal Integrated Services Limited (KISL) Q3 Result and 9 month FY 26 performance

 Krystal Integrated Services Limited (KISL) Q3 Result and 9 month FY 26 performance

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 unaudited financial results for the third quarter and nine months ended December 31st, 2025.

 

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

 

The Company has adopted a conscious and disciplined strategy focused on profitable growth and working capital efficiency rather than pure volume-led growth.

 

As a result, our government tender participation became strategically selective, with the Company refraining from low-margin or capital-intensive bids despite available volumes. Despite reduced bid participation, win efficiency improved materially, underscoring strong execution capabilities while preserving profitability and balance sheet discipline.

 

At the same time, Krystal accelerated its strategic pivot toward higher-margin corporate business and specialised infrastructure-linked service verticals. This shift is being reinforced through investments in skilled and semi-skilled manpower, internal capability building and increasing mechanisation, including technology-enabled and robotics-supported service delivery, aimed at reducing dependence on unskilled labour and enhancing operating leverage.

 

The corporate segment continues to witness strong traction, supported by improved client quality and deeper sectoral penetration. We added 38 new corporate clients in Q3FY26, compared to 30 in Q3FY25, while on year- to-date basis, 127 corporate clients were added, as compared to 49 in 9MFY25, reinforcing the Company’s deliberate focus on higher-value, higher-margin engagements. As on December 31, 2025, the total corporate client base increased by 38% Y-o-Y to 391.

 

In parallel, the Company continues to expand across higher-margin adjacencies such as wastewater management and solid waste management. While this strategic recalibration may result in a measured pace of near-term revenue growth, we remain focused on building a more resilient, margin-led operating model with improved capital efficiency and return profiles. The ongoing transition, is expected to become increasingly visible in the Company’s financial performance and disclosures over the coming quarters, with clearer articulation of the evolved business mix and profitability trajectory anticipated by the end of the financial year.”

 

Recent Developments:

  • Won twin mandates worth ~₹157 crore from the Directorate of Education, Government of NCT of Delhi, comprising ₹83 crore sanitation services and ₹74 crore security manpower services for a two-year period.
  • Received a ~₹9 crore, 1-year mechanised housekeeping work order from Jindal Steel Limited for

cleaning and maintenance services at its Jindal Nagar plant in Odisha.

 

Key Consolidated Financials:

 

Particulars

Q3 FY26

Q3 FY25

YoY%

Q2 FY26

QoQ%

9M FY26

9M FY25

YoY%

Revenue from

operations

305.86

276.37

10.70%

283.4

7.90%

912.34

799.68

14.10%

EBITDA*

20.5

17.69

15.80%

17.91

14.40%

59.76

50.96

17.30%

EBITDA Margin %

6.70%

6.40%

30 bps

6.32%

38 bps

6.55%

6.37%

18 bps

Profit After Tax**

15.9

15.15

5.00%

13.17

20.80%

45.5

45.58

-0.20%

PAT Margin %

5.20%

5.48%

-28 bps

4.65%

55 bps

4.99%

5.70%

-71 bps

Basic EPS

11.38

10.84

5.00%

9.42

20.80%

32.57

32.51

0.20%

* EBITDA excluding Other Income

** Excluding profit from discontinued operations

 

Q3 FY26 Highlights:

 

  • Revenue from operations increased 10.7% YoY to ₹305.86 crore in Q3 FY26, compared to ₹276.37 crore in Q3 FY25. The growth was moderated by delays in tender finalisation as many projects involve large, multi-location contracts with extended documentation and approval timelines.
  • EBITDA (without other income) grew by 15.8% YoY to ₹20.50 crore in Q3 FY26, compared to ₹17.69 crore in Q3 FY25, driven by disciplined bidding, improved contract selectivity and a rising contribution from higher-margin corporate business.
  • EBITDA margin improved to 6.70% in Q3 FY26, compared to 6.40% in Q3 FY25, reflecting better operating leverage, margin protection measures and an improving business mix despite cost pressures.

 

9M FY26 Highlights:

 

  • Revenue from operations increased 14.1% YoY to ₹912.34 crore in 9M FY26, compared to ₹799.68 crore in 9M FY25, driven by steady execution of existing contracts and new order wins despite selective bidding in lower-margin tenders.
  • EBITDA grew by 17.3% YoY to ₹59.76 crore in 9M FY26, compared to ₹50.96 crore in 9M FY25, supported by disciplined cost control, improved bid quality and a higher contribution from corporate and specialised service segments.
  • EBITDA margin improved marginally to 6.55% in 9M FY26, compared to 6.37% in 9M FY25, reflecting operational efficiencies, better operating leverage and a gradual improvement in business mix.