New Delhi, February 11, 2026: B L Kashyap & Sons Ltd., a leading civil engineering and construction company, announced its financial results for the third quarter of FY2025–26, highlighting improved profitability, strong order inflows, and sustained operational performance.
Revenue and profitability improve sequentially and year-on-year
During Q3 FY26, the company recorded consolidated revenue of Rs. 323.87 crore and a profit after tax (PAT) of Rs. 11.83 crore. This represents a notable recovery from the previous quarter (Q2 FY26), when the company reported revenue of Rs. 355.13 crore but posted a net loss of Rs. 8.63 crore.
Operational performance also strengthened during the quarter, with EBITDA rising to Rs. 28.87 crore compared to Rs. 20.47 crore in Q2 FY26, reflecting improved efficiency and cost management.
On a year-on-year basis, the company showed strong growth, compared to revenue of Rs. 241.87 crore and PAT of Rs. 1.12 crore in Q3 FY25.
Strong execution drives nine-month revenue growth
For the nine-month period ending December 31, 2025, consolidated revenue stood at Rs. 1,015.42 crore, while PAT was Rs. 14.06 crore. This compares with revenue of Rs. 859.45 crore and PAT of Rs. 30.74 crore reported during the same period in the previous financial year.
The increase in revenue reflects improved project execution, better billing efficiency, and steady progress across ongoing construction projects.
Massive jump in order inflows strengthens project pipeline
The company secured new orders worth Rs. 1,528.98 crore during Q3 FY26, marking a sharp increase from Rs. 250 crore recorded in Q3 FY25. This represents a year-on-year growth of over 600%, significantly strengthening the company’s future revenue pipeline.
Major project wins came from reputed clients, including Embassy Constructions Pvt. Ltd., DLF Home Developers Ltd., Sattva CKC Pvt. Ltd., and ESNP Property Builders and Developers Pvt. Ltd..
Order book expands significantly, improving revenue visibility
As of December 31, 2025, the company’s total order book reached Rs. 5,293 crore, compared to Rs. 4,087 crore as of September 30, 2025, reflecting strong quarter-on-quarter growth.
On a year-on-year basis, the order book grew by 60% from Rs. 3,311 crore as of December 31, 2024, demonstrating strong demand and the company’s ability to secure high-value projects.
Management remains confident about future growth
Commenting on the company’s performance, Vineet Kashyap, Managing Director, said:
“Our Q3 FY26 performance reflects the strength of our focused tendering strategy, operational consistency, and financial resilience. During the quarter, we delivered steady performance and maintained strong financial discipline, reflected in positive EBITDA and sustained revenue despite a challenging environment. We continue to prioritise high-volume residential developments, data centres, and built-to-suit office projects, while investing in advanced construction technologies that enhance speed, quality, and cost efficiency.
The sharp increase in order inflows, particularly from marquee clients, has significantly strengthened our project pipeline and improved revenue visibility for the coming quarters. Our expanding order book, coupled with improving balance sheet health and sustained CAPEX in formwork systems, reinforces our delivery capabilities and positions us well to capitalise on emerging opportunities across key construction segments. Backed by strong talent investments and a future-ready approach, we remain focused on prudent financial management and delivering long-term value through consistent performance.”
Positive outlook supported by strong fundamentals
The company’s growing order book, consistent execution, and disciplined financial management indicate a stable outlook. Continued order wins from leading clients and investments in advanced construction capabilities are expected to support long-term growth and strengthen its position in India’s construction sector.