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Krystal Integrated Services Ltd

| Quarterly Financial Results Q3 FY 2025-26

BULLISH SENTIMENT

Report Source

⬤22nd Jan 26

Summary : Krystal Integrated Services Limited reported strong Q3 and 9M FY26 consolidated financial results, with significant revenue and profit growth, and plans to raise Rs. 300 Crores via QIP and increase authorized share capital to fuel future expansion, while navigating potential impacts from new Labour Codes.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Consolidated Q3 FY26: Cost of materials consumed: Rs. 470.62 Million.
  2. Consolidated Q3 FY26: Employee benefits expense: Rs. 2,273.74 Million.
  3. Consolidated Q3 FY26: Finance costs: Rs. 39.32 Million.
  4. Consolidated Q3 FY26: Depreciation and amortisation expense: Rs. 30.12 Million.
  5. Consolidated Q3 FY26: Other expenses: Rs. 109.25 Million.
  6. Consolidated Q3 FY26: Manpower & Related Services: Rs. 2,646.94 Million.
  7. Consolidated Q3 FY26: Information Technology Enabled Services: Rs. 15.70 Million.
  8. Consolidated Q3 FY26: Catering and Related services: Rs. 398.37 Million.
  9. Consolidated 9M FY26: Manpower & Related Services: Rs. 7,980.08 Million.
  10. Consolidated 9M FY26: Information Technology Enabled Services: Rs. 81.43 Million.
  11. Consolidated 9M FY26: Catering and Related services: Rs. 1,067.54 Million.
  12. Paidup Equity Share Capital: Rs. 139.72 Million (Consolidated and Standalone).
  13. Other Equity: Rs. 4,232.37 Million (Consolidated as of March 31, 2025).
  14. Other Equity: Rs. 4,170.84 Million (Standalone as of March 31, 2025).
  15. Both standalone and consolidated results are presented.
  16. Consolidated results include seven wholly-owned subsidiaries and one joint venture.

Corporate Overview

  1. Krystal Integrated Services Limited provides integrated services, including manpower, IT-enabled, and catering services.
  2. Formal and informative, reporting board decisions and financial results.
  3. Manpower & Related Services
  4. Information Technology Enabled Services
  5. Catering and Related services
  6. Raising funds up to Rs. 300 Crores via Qualified Institutions Placement (QIP).
  7. Increase in authorized share capital from Rs. 15 Crore to Rs. 19 Crore.

Risk Factors

  1. Uncertainty regarding new Labour Codes implementation.
  2. Reliance on other auditors for subsidiary results.
  3. Potential for unutilized IPO funds to persist.
  4. Market volatility affecting QIP pricing.

Key Drivers

  1. Successful QIP raises significant growth capital.
  2. Increased authorized capital supports future expansion.
  3. Strong revenue growth across key segments.
  4. Consistent profitability in Q3 and 9M FY26.

Auditor’s Report

  1. Do not express an audit opinion on the financial statements.
  2. Conclusion based on review, not an audit.

Board Commentary

  1. Recommended dividend of Rs. 1.50 per share (15%) for FY25.
  2. Rs. 70,548/- of total dividend remains unclaimed.
  3. Potential financial impact from new Labour Codes implementation.
  4. Government of India notified Labour Codes on November 21, 2025, rules not yet operational.
  5. QIP for up to Rs. 300 Crores for general corporate purposes.
  6. IPO proceeds fully utilized as per offer document.
  7. Rs. 6.63 million IPO issue-related expenses unutilized.

Corporate Governance

  1. Audit Committee reviewed financial results.
  2. QIP Committee authorized for fund raising.

Management Discussion & Analysis

Future Strategy

  1. Issuance of equity shares via Qualified Institutions Placement (QIP).
  2. Increase in Authorised Share Capital and Memorandum of Association amendment.

Performance Drivers

  1. Growth in Manpower & Related Services revenue.
  2. Growth in Information Technology Enabled Services revenue.
  3. Growth in Catering and Related services revenue.

Critical Risks

  1. Potential financial impact from new Labour Codes implementation.
  2. Reliance on other auditors for subsidiary and joint venture financial results.
Krystal Integrated Services Ltd (KRYSTAL) Quarterly Report Analysis & Insights | Dhanarthi