Krystal Integrated Services Ltd

Krystal Integrated Services announced that its associate company, Advait Krystal Solar Energy SPV has received a contract valued at Rs 138 crore from Directorate of Medical Education & Research, Maharashtra (DMER). The contract pertains to design, engineering, supply, installation, testing, commissioning, synchronizing, operation and maintenance for twenty-five years (25) along with attendant services of power grid connected rooftop solar PV systems on built-own-operate-transfer (BOOT) model at various roof-top's of government hospitals and medical colleges in state of Maharashtra, India.

Krystal Integrated Services holds a 49% stake in the associate company. The contract, valued at around Rs 138 crore, is for design, engineering, supply, installation, testing, commissioning, synchronisation, and 25-year operation & maintenance of grid-connected rooftop solar PV systems across various government hospitals and medical colleges in Maharashtra under the built-own-operate-transfer (BOOT) model. The company added that the contract was awarded in the ordinary course of business and is not a related party transaction. KISL is a well-diversified service provider in integrated facility management services, staffing solutions, security services, catering, and waste management across India. The company specializes in sectors such as healthcare, education, city infrastructure, waste management, and the manufacturing segment'including state government entities, corporate clients, municipal bodies, and other government offices'airports, railways, metro infrastructure, and retail. The company's consolidated net profit jumped 4.95% to Rs 15.89 crore in Q3 FY26 as against Rs 15.14 crore posted in Q3 FY25. Revenue from operations rallied 10.66% to Rs 305.85 crore in Q3 FY26 as against Rs 276.37 crore posted in the corresponding quarter last year.

The services will be provided at institutions under the Directorate of Medical and Rural Health Services (DMRHS), Directorate of Medical and Rural Health Services (ESI), and the Commissionerate of Indian Medicine and Homeopathy on an outsourced basis. The contract has been awarded for a period of three years. The company said the contract was awarded in the ordinary course of business and does not fall under related party transactions. KISL is a well-diversified service provider in integrated facility management services, staffing solutions, security services, catering, and waste management across India. The company specializes in sectors such as healthcare, education, city infrastructure, waste management, and the manufacturing segment'including state government entities, corporate clients, municipal bodies, and other government offices'airports, railways, metro infrastructure, and retail. The company's consolidated net profit jumped 4.95% to Rs 15.89 crore in Q3 FY26 as against Rs 15.14 crore posted in Q3 FY25. Revenue from operations rallied 10.66% to Rs 305.85 crore in Q3 FY26 as against Rs 276.37 crore posted in the corresponding quarter last year. Shares of Krystal Integrated Services shed 0.74% to Rs 580.35 on the BSE.Powered by Capital Market - Live

Net profit of Krystal Integrated Services rose 4.95% to Rs 15.90 crore in the quarter ended December 2025 as against Rs 15.15 crore during the previous quarter ended December 2024. Sales rose 10.67% to Rs 305.86 crore in the quarter ended December 2025 as against Rs 276.37 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales305.86276.37 11 OPM %6.706.40 - PBDT21.2319.32 10 PBT18.2217.08 7 NP15.9015.15 5 Powered by Capital Market - Live

Revenue from operations rallied 10.66% to Rs 305.85 crore in Q3 FY26 as against Rs 276.37 crore posted in the corresponding quarter last year. Profit before tax stood at Rs 18.21 crore in Q3 FY26, 6.67% higher than Rs 17.07 crore recorded in the same period last year. EBITDA rose 15.8% to Rs 20.5 crore in Q3 FY26 from Rs 17.69 crore in Q3 FY25, driven by disciplined bidding, improved contract selectivity, and higher contribution from the corporate business. EBITDA margin expanded to 6.7% in Q3 FY26, up from 6.4% a year ago, supported by better operating leverage, margin protection measures, and an improving business mix despite cost pressures. Total expenses jumped 11.08% to Rs 292.30 crore in Q3 FY26, compared to Rs 263.13 crore reported in Q3 FY25. The cost of materials consumed stood at Rs 47.06 crore (up 77.17% YoY), and employee benefit expenses were at Rs 227.37 crore (down 0.27% YoY) during the period under review. For Q3 FY26, the revenue from the Manpower & Related Services was Rs 264.69 crore (up 4.06% YoY), Information Technology Enabled Services revenue was Rs 1.56 crore (down 83.27% YoY) and Catering Services revenue was Rs 13.58 crore (up 92.62 % YoY). Sanjay Dighe, CEO & Whole-Time Director, Krystal Integrated Services, said: 'The company has adopted a disciplined strategy focused on profitable growth and working capital efficiency, rather than pure volume-led expansion. As a result, our participation in government tenders has become strategically selective, avoiding low-margin or capital-intensive bids despite available volumes. This has led to a material improvement in win efficiency, highlighting strong execution capabilities while preserving profitability and balance sheet discipline. At the same time, Krystal has accelerated its shift toward higher-margin corporate business and specialised infrastructure-linked service verticals, supported by investments in skilled and semi-skilled manpower, internal capability building, and increased mechanisation'including technology-enabled and robotics-supported service delivery'to reduce dependence on unskilled labour and enhance operating leverage. The corporate segment continues to gain traction, backed by improved client quality and deeper sectoral penetration. We added 38 new corporate clients in Q3 FY26, compared with 30 in Q3 FY25, and 127 clients year-to-date, up from 49 in 9MFY25. The total corporate client base increased 38% YoY to 391 as of December 31, 2025, reflecting our focus on higher-value, higher-margin engagements. In parallel, the company is expanding into higher-margin adjacencies such as wastewater and solid waste management. While this strategic recalibration may moderate near-term revenue growth, our focus remains on building a resilient, margin-led operating model with better capital efficiency and returns. The impact of this transition is expected to become more visible in the company's financials and disclosures in the coming quarters, with a clearer picture of the evolved business mix and profitability trajectory by year-end.' The company's board has approved an increase in the authorised share capital from Rs 15 crore to Rs 19 crore. The authorised share capital will now comprise 1.90 crore equity shares of Rs 10 each, up from 1.50 crore equity shares, all ranking pari passu with the existing equity shares. The board also approved a consequential amendment to the capital clause of the Memorandum of Association, subject to receipt of requisite shareholder and statutory approvals, as applicable. Further, the board has approved raising up to Rs 300 crore through the issuance of equity shares via Qualified Institutions Placement (QIP), in accordance with SEBI ICDR Regulations and other applicable laws. The fund-raising may be undertaken in one or more tranches at prices permitted under prevailing regulations, subject to shareholder and statutory approvals. The board has also constituted a QIP committee, authorising it to undertake all necessary actions in connection with the proposed issue, subject to requisite approvals. KISL is a well-diversified service provider in integrated facility management services, staffing solutions, security services, catering and waste management across India. The Company specializes in sectors such as healthcare, education, City infrastructure, Waste Management and Manufacturing segment'including state government entities, Corporate clients, municipal bodies and other government offices'airports, railways, metro infrastructure and retail. Shares of Krystal Integrated Services rose 0.27% to Rs 604.50 on the BSE. Powered by Capital Market - Live

Krystal Integrated Services will hold a meeting of the Board of Directors of the Company on 22 January 2026.Powered by Capital Market - Live

The contracts cover door-to-door collection, segregation and transportation of municipal solid waste, including street cleaning and disposal at designated locations, in compliance with the Solid Waste Management Rules, 2016. The scope spans Prabhag 'C', 'F' and 'G', with approximate contract values of Rs 83 crore, Rs 111 crore and Rs 81 crore, respectively. All three contracts are in the ordinary course of business. The orders have been awarded by a domestic entity and are not related-party transactions. The company said neither the promoter nor promoter group has any interest in the awarding authority. Krystal Integrated Services is engaged in providing Integrated Facility Management (IFM) services, with a strong operational focus across diverse sectors, including healthcare, education, public administration. The company's consolidated net profit declined 13% to Rs 9.21 crore despite a 6.5% increase in revenue from operations to Rs 283.40 crore in Q3 FY26, compared with Q3 FY25. Shares of Krystal Integrated Services tanked 3.47% to Rs 616.05 on the BSE. Powered by Capital Market - Live

Net profit of Krystal Integrated Services declined 13.03% to Rs 9.21 crore in the quarter ended September 2025 as against Rs 10.59 crore during the previous quarter ended September 2024. Sales rose 6.48% to Rs 283.40 crore in the quarter ended September 2025 as against Rs 266.16 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales283.40266.16 6 OPM %6.326.39 - PBDT18.9118.43 3 PBT15.8016.31 -3 NP9.2110.59 -13 Powered by Capital Market - Live

Krystal Integrated Services will hold a meeting of the Board of Directors of the Company on 7 November 2025.Powered by Capital Market - Live

The contracts spanning sanitation and security services will be implemented over a two-year period from 16 October 2025 to 15 October 2027. The first contract, valued at Rs 83 crore, pertains to sanitation services across educational institutions under the Directorate. KISL will deploy sweepers under a manpower-based model to ensure daily cleaning of classrooms, washrooms, outdoor areas, building exteriors, and stadiums. The initiative aims to maintain consistent hygiene standards for thousands of students, teachers, and staff. The company will utilise trained personnel, specialised equipment, and eco-friendly solutions to deliver services across one of India's most extensive school networks. The second agreement, valued at approximately Rs 74 crore, relates to security manpower services under the 'Security Manpower Services 2.0' initiative. Krystal will deploy over 1,100 trained, unarmed security personnel across offices, institutions, commercial, and residential premises managed by the Directorate. The scope includes access control, incident response, and 24/7 surveillance to ensure safe and secure environments for educational stakeholders and visitors. These high-value contracts reflect Krystal's operational capabilities in managing large-scale, mission-critical government projects. The win further reinforces its position as a trusted partner in the public sector facility management space, particularly in education infrastructure. Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services, said, 'Winning these twin mandates from the Directorate of Education marks a significant milestone for Krystal Integrated Services, reinforcing our position as a leader in large-scale, high-value facility management. This engagement allows us to seamlessly integrate sanitation and security services across one of India's largest school networks, demonstrating our ability to execute complex, mission-critical operations at scale. Beyond operational delivery, these partnerships strengthen our presence in government and institutional projects, creating sustainable growth opportunities while setting new benchmarks in hygiene, safety, and service excellence in the education sector.' Krystal Integrated Services is mainly in the business of Providing Facilities Management Services, Security Agency Services, Housekeeping Services, etc. The company's consolidated net profit rose 7.5% to Rs 11.50 crore on a 25.6% rise in revenue from operations to Rs 323.08 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live