Krystal Integrated Services Limited Q2 profit rises 42%, revenue 46%

Krystal Integrated Services Limited reported consolidated profit of Rs 18.71 crore for the quarter ended 30 September 2026, up 42% year on year, as revenue from operations rose 46% to Rs 414.47 crore. The profit increase followed growth in Manpower & Related Services and Catering and Related Services, while Information Technology Enabled Services revenue declined.

How did Krystal perform in the September 2026 quarter?

Krystal reported consolidated profit of Rs 18.71 crore for the quarter ended 30 September 2026, compared with Rs 13.17 crore in the quarter ended 30 September 2025. Profit before tax increased to Rs 21.35 crore from Rs 15.80 crore, while total comprehensive income rose to Rs 18.77 crore from Rs 13.47 crore.

Revenue from operations increased by Rs 131.07 crore to Rs 414.47 crore from Rs 283.40 crore a year earlier. Other income was Rs 5.34 crore, compared with Rs 4.50 crore, taking total income to Rs 419.81 crore from Rs 287.90 crore. Total expenses rose to Rs 398.46 crore from Rs 272.11 crore, an increase of Rs 126.35 crore.

Krystal recorded basic and diluted earnings per share of Rs 13.39 in the September 2026 quarter, against Rs 9.42 a year earlier. The filing says earnings per share, or EPS, is not annualised for the quarterly and half-year periods. No exceptional items were reported in either September quarter shown in the consolidated statement.

Which Krystal segments drove September-quarter growth?

Krystal’s Manpower & Related Services segment drove the increase in quarterly revenue, reporting Rs 375.03 crore for the September 2026 quarter against Rs 245.34 crore a year earlier. Its Rs 129.69 crore increase was larger than the group’s Rs 131.07 crore rise in revenue from operations after consolidation adjustments.

Catering and Related Services revenue rose to Rs 38.85 crore from Rs 33.74 crore, whereas Information Technology Enabled Services revenue declined to Rs 0.75 crore from Rs 4.51 crore. Total segment revenue before adjustments and eliminations was Rs 414.63 crore, up from Rs 283.59 crore. Consolidation adjustments were negative Rs 0.16 crore, compared with negative Rs 0.19 crore in the prior-year quarter.

Manpower & Related Services generated segment profit before tax of Rs 18.79 crore, up from Rs 13.69 crore. Catering Services profit before tax rose to Rs 2.55 crore from Rs 1.84 crore, while Information Technology Enabled Services profit before tax fell to Rs 0.01 crore from Rs 0.27 crore. Combined segment profit before tax therefore reached Rs 21.35 crore, compared with Rs 15.80 crore.

What did Krystal report for the first half?

Krystal reported consolidated profit of Rs 36.12 crore for the half year ended 30 September 2026, compared with Rs 29.60 crore for the half year ended 30 September 2025. Revenue from operations increased to Rs 775.18 crore from Rs 606.48 crore, while total income rose to Rs 785.81 crore from Rs 615.01 crore.

First-half profit before tax was Rs 42.03 crore, compared with Rs 34.98 crore in the prior-year half. Employee benefits expense, the largest cost line, rose to Rs 590.94 crore from Rs 451.33 crore. Cost of materials consumed increased to Rs 110.72 crore from Rs 88.56 crore, while other expenses declined to Rs 25.85 crore from Rs 27.33 crore.

Manpower & Related Services delivered first-half revenue of Rs 704.97 crore, compared with Rs 533.31 crore a year earlier. Catering and Related Services generated Rs 69.23 crore against Rs 66.92 crore, while Information Technology Enabled Services generated Rs 1.25 crore against Rs 6.57 crore. Segment profit before tax was Rs 37.65 crore for Manpower & Related Services, Rs 4.35 crore for Catering Services and Rs 0.04 crore for Information Technology Enabled Services.

What changed in Krystal’s balance sheet and cash flow?

Krystal’s total assets were Rs 960.17 crore at 30 September 2026, compared with Rs 841.64 crore at 31 March 2026. Trade receivables increased to Rs 497.89 crore from Rs 412.38 crore, while cash and cash equivalents rose to Rs 59.31 crore from Rs 33.65 crore. Total equity increased to Rs 539.09 crore from Rs 499.15 crore.

Total liabilities rose to Rs 421.08 crore at 30 September 2026 from Rs 342.48 crore at 31 March 2026. Non-current borrowings increased to Rs 26.58 crore from Rs 3.77 crore, and current borrowings increased to Rs 118.06 crore from Rs 107.22 crore. Other financial liabilities rose to Rs 117.24 crore from Rs 93.75 crore over the same period.

Operating cash flow was negative Rs 7.62 crore for the half year ended 30 September 2026. The cash-flow statement showed a Rs 50.70 crore working-capital outflow, including Rs 81.79 crore used in trade receivables, loans, other financial assets and other assets. Investing activities generated Rs 11.85 crore and financing activities generated Rs 21.43 crore, resulting in a Rs 25.66 crore increase in cash and cash equivalents.

When were Krystal’s results reviewed and approved?

Krystal’s consolidated results for the quarter and half year ended 30 September 2026 were reviewed by the Audit Committee on 2 November 2026 and approved by the Board of Directors on the same date. The results were subject to a limited review by the statutory auditors.

The consolidated statement includes Citelum India Private Limited as a subsidiary with effect from 29 June 2026. The filing also lists 11 other subsidiaries, one associate company and one joint venture in the consolidated financial results. Krystal’s share of profit from the joint venture was Rs 0.04 crore in the September quarter and Rs 0.09 crore in the first half.

Conclusion

Krystal’s September-quarter revenue growth translated into higher consolidated earnings, with revenue from operations rising 46% to Rs 414.47 crore and profit rising 42% to Rs 18.71 crore. Manpower & Related Services accounted for Rs 375.03 crore of quarterly revenue and Rs 18.79 crore of segment profit before tax, while Catering and Related Services added Rs 38.85 crore of revenue.

The key disclosed unresolved matter is cash conversion: trade receivables increased by Rs 85.51 crore from 31 March 2026 and operating cash flow was negative Rs 7.62 crore for the first half after a Rs 50.70 crore working-capital outflow. The next reported period will indicate whether higher first-half revenue of Rs 775.18 crore is accompanied by improved operating cash generation.