Kalpataru Projects Forecasts Adverse War Impact on Q4 Performance

Kalpataru Projects International Ltd Expects Adverse Impact from Middle East Conflict

Kalpataru Projects International Ltd, a leading engineering and construction company, is anticipating a negative impact on its March quarter (Q4FY26) earnings due to the ongoing Middle East conflict. The company's ₹63,300-crore order book is heavily influenced by the Middle East, accounting for 10-11% of its total orders.

The power transmission & distribution (T&D) business is expected to be significantly affected, with a potential ₹200-300 crore revenue impact due to supply-related challenges. Historically, Kalpataru's quarterly revenue run rate has averaged ₹4,700 crore over the past three years. The company's management has identified the Middle East conflict as a key risk factor in its Q4FY26 earnings, indicating a cautious outlook for the quarter.

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