Krystal Integrated Services Posts 38% EBITDA Growth as Revenue Climbs 46% in Q2FY27

Krystal Integrated Services reported consolidated EBITDA of ₹248 million for the quarter ended September 30, 2026, up 38% from ₹179 million a year earlier, ScanX reported on November 2, 2026. Revenue from operations rose 46% to ₹4,144.67 million, and net profit climbed 42.1% to ₹187.13 million.

Krystal's Revenue Growth and Margin Squeeze

Revenue from operations reached ₹4,144.67 million in Q2FY27, compared with ₹2,834.00 million in Q2FY26. The Manpower & Related Services segment drove the expansion, contributing ₹3,750.34 million, or roughly 90% of total revenue, up from ₹2,453.40 million a year earlier. Catering and Related Services revenue rose to ₹388.47 million from ₹337.43 million, while IT Enabled Services revenue fell to ₹7.47 million from ₹45.07 million.

EBITDA margin contracted 32 basis points to 6.00% from 6.32%, as operating costs rose slightly faster than revenue. Basic earnings per share stood at ₹13.39 for the quarter, compared with ₹9.42 in the year-ago period. Cash flows from operating activities turned negative at ₹76.21 million for the half year, against a positive ₹264.60 million in the previous full fiscal year, which the report attributed largely to trade receivables that reached ₹4,978.91 million as of September 30, 2026.

Citelum India and the Order Book

Krystal Integrated Services is a Mumbai-based integrated facility management company founded in 2000, delivering housekeeping, security, staffing, catering and waste management services across 125 cities to government and corporate clients, according to akta.pro company records. The company signed a share purchase agreement in May 2026 to acquire Citelum India Private Limited, entering the smart lighting segment, the same records show. Management said the city lighting and urban infrastructure business has a revenue ambition of ₹300–350 crore annually over the next three to four years, supported by planned investments of approximately ₹100 crore.

The order book stood at approximately ₹3,100+ crore as of September 30, 2026. Company records list an order book of approximately ₹1,220 crore at the FY26 year end and revenue of ₹1,277.28 crore for the full year ended March 2026, up 5.32% year-over-year.

Krystal's Contract Wins Before the Results

Krystal Integrated Services secured a ₹134-crore contract from the Maharashtra State Road Transport Corporation for integrated facility management services in Mumbai and Chhatrapati Sambhaji Nagar over three years, BusinessLine reported in August 2026. The company received a Letter of Commencement from Maha Mumbai Metro for housekeeping and cleaning services at Monorail stations under Package 4, a contract valued at ₹6.58 crore running from September 16, 2026 to September 15, 2027, Business Standard reported in September 2026. In October 2026, Krystal said it plans to generate over 10,000 jobs across 25+ cities between October 2026 and March 2027, The Tribune reported.

What Krystal Said About Its Segments

Management highlighted a strategic pivot towards margin-accretive corporate clients and deeper penetration into manufacturing and industrial sectors. The company is also scaling Waste Management, targeting 800–1,000 TPD capacity, and Renewable/Solar EPC. "The acquisition of Citelum India marks entry into city lighting and urban infrastructure," the company said.