Krystal Integrated Services Q2 FY27 Results: EBITDA Rises 38.5% to ₹248 Million

Krystal Integrated Services Limited reported strong Q2 FY27 results, with revenue rising 46.2% to ₹4,144.67 million. EBITDA increased 38.5% to ₹248 million, while net profit grew 42.1% to ₹187.13 million.

However, EBITDA margin declined to 6% from 6.32%.

Q2 FY27 Financial Performance

Metric	Q2 FY27	Q2 FY26	Growth
Revenue (₹ million)	4,144.67	2,834.00	+46.2%
EBITDA (₹ million)	248.00	179.00	+38.5%
EBITDA Margin	6.00%	6.32%	-32 bps
Net Profit (₹ million)	187.13	131.66	+42.1%
Basic EPS (₹)	13.39	9.42	+42.1%

Segment Performance

Manpower and Related Services remained the largest revenue contributor, accounting for around 90% of total revenue.

Segment	Q2 FY27 Revenue
Manpower Services	₹3,750.34 million
Catering Services	₹388.47 million
IT-Enabled Services	₹7.47 million

Order Book and Business Expansion

The company reported an order book of ₹3,100+ crore as of September 30, 2026.

Its acquisition of Citelum India marks its entry into city lighting and urban infrastructure. Krystal targets annual revenue of ₹300–350 crore from this business over the next 3–4 years, with planned investment of around ₹100 crore.

The company is also expanding into waste management, solar EPC, railways, metro and sewage treatment projects.

Cash Flow and Share Performance

Operating cash flow turned negative at ₹76.21 million during the half-year period, while trade receivables increased to ₹4,978.91 million.

Period	Share Return
1 Day	0.00%
5 Days	-2.26%
1 Month	-8.36%
6 Months	-7.75%
1 Year	-7.23%
5 Years	-21.55%

Key Takeaway: Krystal delivered strong revenue and profit growth, supported by a healthy order book and new business expansion. However, lower margins and negative operating cash flow remain key areas to watch.

What was Krystal Integrated Services' revenue in Q2 FY27?

Revenue increased 46.2% year-on-year to ₹4,144.67 million.

What was the company's net profit in Q2 FY27?

Net profit rose 42.1% to ₹187.13 million, compared with ₹131.66 million last year.

How much did Krystal's EBITDA grow in Q2 FY27?

EBITDA increased 38.5% to ₹248 million from ₹179 million.

What was Krystal Integrated Services' EBITDA margin?

The EBITDA margin declined to 6% from 6.32% in Q2 FY26.

Which business segment contributed the most revenue?

Manpower and Related Services was the largest segment, generating ₹3,750.34 million in Q2 FY27.

What is Krystal Integrated Services' current order book?

The company reported an order book of approximately ₹3,100+ crore as of September 30, 2026.

What is the significance of Krystal's Citelum India acquisition?

The acquisition marks Krystal's entry into city lighting and urban infrastructure, with a targeted annual revenue of ₹300–350 crore over the next 3–4 years.

What are the key concerns for Krystal Integrated Services?

The key concerns include declining EBITDA margins, negative operating cash flow and rising trade receivables, which stood at ₹4,978.91 million.