Mumbai: Krystal Integrated Services Limited (KISL), a market leader in integrated facility management services across India, is pleased to announce its unaudited financial performance for the Third quarter and Nine Months ended December 31st, 2024.
Key Consolidated Financials:
| Particulars (Rs. Cr.) | Q3 FY25 | Q3 FY24 | YoY % | 9M FY25 | 9M FY24 | YoY % |
| Revenue | 276.37 | 283.07 | (2.37%) | 799.68 | 734.68 | 8.85% |
| EBIDTA* | 17.69 | 18.91 | (6.43%) | 50.96 | 49.88 | 2.17% |
| EBITDA Margin (%) | 6.40% | 6.68% | (28 bps) | 6.37% | 6.79% | (42 bps) |
| PAT ** | 15.11 | 12.73 | 18.76% | 45.42 | 33.28 | 36.47% |
| PAT Margin | 5.47% | 4.50% | 97 bps | 5.68% | 4.53% | 115 bps |
* EBITDA excluding Other Income
** Excluding profit from discontinued operations
Q3 FY25 Highlights:
- Total Income decreased 2.4% YoY to Rs. 276.37 Crore in Q3 FY25 compared to Rs. 283.07 Crore in Q3 FY24
- EBITDA decreased 6.4% to Rs. 17.69 Crore in Q3 FY25 compared to Rs. 18.91 Crore in Q3 FY24
- EBITDA Margin stood at 6.40% for Q3 FY25 as against 6.68% in Q3 FY24
- PAT grew by 18.8% YoY to Rs. 15.11 Crore in Q3 FY25 compared to Rs. 12.73 Crore in Q3 FY24. PAT margin
improved by 97 basis points to 5.47%
- Segmental: Manpower & Related Services accounted for 91.7% of the top line; Catering Services accounted for 4.9%; and IT enabled Services accounted for 3.4% in Q3 FY25
9M FY25 Highlights:
- Total Income grew 8.8% YoY to Rs. 799.68 Crore in 9M FY25 compared to Rs. 734.68 Crore in 9M FY24
- EBITDA grew marginally by 2.2% to Rs. 50.96 Crore in 9M FY25 compared to Rs. 49.88 Crore in 9M FY24
- EBITDA Margin stood at 6.37% for 9M FY25 as against 6.79% in 9M FY24
- PAT grew by 36.5% YoY to Rs. 45.42 Crore in 9M FY25 compared to Rs. 33.28 Crore in 9M FY24, while PAT margin increased by 115 basis points to 5.68%
- Segmental: Manpower & Related Services accounted for 92.5% of the top line; Catering Services accounted for 5%; and IT enabled Services accounted for 2.5% in 9M FY25
Recent Announcements:
- Company announced plans to raise funds up to Rs. 300 crores, through equity, to fund initiatives in new verticals, subject to shareholders’ approval
- Board proposed the incorporation of a wholly owned subsidiary named Taskmaster Pvt. Ltd. which would be engaged in a wide array of facility management services such as home cleaning solutions, cleaning building interiors, windows, carpets, and upholstery, etc.
- In January 2025, Krystal won a contract from Mahatma Phule Backward Class Development Corporation Ltd. to provide manpower services for three years, with an annual contract value of Rs. 6.85 crores.
Commenting on the performance, Mr. Sanjay Dighe, CEO & Whole Time Director, Krystal Integrated Services Ltd, said,
“The Company’s performance in the third quarter has been in line with expectations. We remain optimistic about the ongoing fiscal year, based on a growing order book, as we continue to secure new contracts. Revenue during this 9-month period increased 8.8% as against the corresponding 9 months of the previous fiscal. PAT margin also improved by 115 bps to 5.68% during this period vis-à-vis that in 9M FY24.
We have been strategically diversifying beyond our traditional portfolio into centrifugal effluent treatment plants (CETP) and sewerage treatment plants (STP), among others. Additionally, we shall be enhancing our focus on Technical Facilities Management services, and develop a new vertical enabling focused approach on business acquisition and service delivery.
This diversification is in line with our aim to become an integrated service provider across the entire gamut of facilities management. On similar lines, we shall also be investing in incorporating more technology into our services, so as to improve productivity and efficiency.
During the quarter gone by, we won an order from Brihanmumbai Municipal Corporation worth Rs. 106.3 crores, for the provision of manpower services. More recently, we signed a MoU with Mahatma Phule Backward Class Development Corporation Ltd for a duration three years. This contract is for manpower services and is worth Rs.
6.85 crores annually.
To support the anticipated growth, we are planning to undertake a fund-raise activity in the near future. We shall announce further details regarding this soon.
Overall, we hope to sustain and grow the momentum through this financial year. I would like to thank the entire team at Krystal and all our stakeholders for their continued support.”
