Shares of a leading provider of integrated facility management (IFM) services company surged nearly 6.3 percent on Tuesday, after securing new orders worth a total of ~Rs. 52 crores at Chennai International Airport, Trivandrum International Airport and Chandigarh International Airport.
Price Movement
With a market cap of Rs. 621 crores, at 11:56 a.m., the shares of Krystal Integrated Services Limited were trading in the green at Rs. 444.4 on BSE, up by around 5 percent, as compared to its previous closing price of Rs. 423.2. The stock has delivered negative returns of nearly 40 percent over a one-year period, while around 8 percent of positive returns in the last one month.
What’s the News
Krystal Integrated Services Limited (KISL) has announced securing new orders worth a total of ~Rs. 52 crores, further strengthening its presence with significant contract wins from Tamil Nadu, Kerala, and Chandigarh International Airports, as per the latest exchange filings.
At Chennai International Airport, KISL has been awarded the responsibility of maintaining the T4 Passenger Terminal’s MESS. This includes services such as housekeeping, security, property and building management, and engineering services, addressing both infrastructural and maintenance requirements. The contract, valued at ~Rs. 21 crores, is set to be executed over three years.
At TRV International Airport Limited in Kerela, KISL has been entrusted with SLA-based Security Services, including the deployment of security personnel at the airport terminal. The order is valued at around Rs. 7.5 crores and is to be completed in 12 months.
In addition, KISL has secured a facility management contract at Chandigarh International Airport, worth nearly Rs. 23.6 crores. This contract focuses on sanitisation services across key areas of the airport and will be executed over three years.
Also read: Infra stock jumps 4% after receiving ₹31 Cr order from Bhavnagar Municipal Corp
Recent Announcements
On 13th February, Krystal Integrated Services Limited (KISL) announced its entry into the rapidly growing Waste Water Management and Effluent Treatment (WWM&ET) segment. According to the company’s growth strategy, this segment is expected to generate a new order book worth Rs. 1,000 crore over the next 18 months.
The company announced plans to raise funds up to Rs. 300 crores, through equity, to fund initiatives in new verticals, subject to shareholders’ approval. The company incorporated a wholly-owned subsidiary named “Taskmaster Pvt. Ltd.” which would be engaged in a wide range of facility management services such as home cleaning solutions, cleaning building interiors, windows, carpets, upholstery, etc.
Financials
Krystal Integrated reported a marginal decline in revenue from operations, experiencing a year-on-year decrease of nearly 2.4 percent, falling from Rs. 283 crores in Q3 FY24 to Rs. 276.4 crores in Q3 FY25.
In contrast, during the same period, the company’s net profit increased from Rs. 9 crores to Rs. 10.6 crores, representing a slight growth of around 18 percent YoY. EBITDA for Q3 FY25 decreased by 6.4 percent YoY to Rs. 17.7 crores, down from Rs. 19 crores in Q3 FY24, while the operating EBITDA margins also fell by 28 bps to 6.4 percent, from 6.68 percent, over the same period.
About the Company
Krystal Integrated Services Limited is one of India’s leading integrated facility management services (IFMS) companies, with a focus on healthcare, education, public administration, airports, railways & metro infrastructure, and retail sectors.
KISL’s comprehensive range of service offerings includes IFM, staffing & payroll management, private security & manned guarding and catering, providing a one-stop solution to customers.
Written by Shivani Singh
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