A leading facility management services provider in India has secured a significant contract from the Brihanmumbai Municipal Corporation (BMC) to enhance the operational efficiency of Mumbai’s public services.
This contract represents a crucial milestone for Krystal, showcasing its ability to deliver large-scale, complex service offerings to a prominent client like the BMC. The company’s expertise in handling multi-location projects and its proven track record in executing large contracts are expected to contribute to the successful implementation of this initiative.
Share Price Movement
The share price of Krystal Integrated Services Limited went up by 4.35 percent to Rs. 779.40 per share on Wednesday, an increase from its previous close of Rs. 775.05 per share. The market capitalisation now stands at approximately Rs. 1,088.97 crore as of November 27, 2024.
What Happened
A significant contract was awarded to Krystal Integrated Services Limited by the Brihanmumbai Municipal Corporation (BMC). This contract, valued at Rs. 106 crores, is for providing comprehensive attendant manpower services to BMC’s Education Department and Security Department, aimed at enhancing the operational efficiency of Mumbai’s public services.
The three-year contract, with an option for annual renewal, further strengthens Krystal Integrated Services Limited’s role as a critical partner in urban management and public welfare and is expected to contribute to the company’s financial strength and stability through significant revenue streams over the contract’s duration.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Krystal Integrated Services Limited’s consolidated revenue from operations has increased by 7.89 percent YOY from Rs. 228 crore in Q2 FY24 to Rs. 246 crore in Q2 FY25 and increased by 1.2 percent QoQ from Rs. 243 crore in Q4 FY24.
The company’s consolidated net profit has increased by 16.7 percent, from Rs. 12 crore in Q2 FY24 to Rs. 14 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has decreased by 6.7 percent QoQ from Rs. 15 crore.
Also read….
Market Outlook
The Indian facility management market is poised for significant growth, driven by the increased demand for building operations and maintenance, a focus on sustainability, and the outsourcing of non-core business activities. This shift is improving efficiency and providing real-time data streams that support advanced service offerings. As cities like Delhi and Hyderabad experience complex project growth, there is a rising demand for sophisticated management solutions.
The public sector is reducing supplier numbers to cut costs, while the private sector’s ongoing demand for total facility management services allows firms to consolidate all non-core activities under a single provider, consolidating their focus on primary business areas. However, the need for robust cybersecurity strategies is increasing to protect critical infrastructure from cyber threats, and soft services like cleaning, recycling, security, and pest control are driving the market’s growth due to the increased complexity of managing facilities in major Indian cities.
Shareholding Pattern
As of the November 2024 shareholding pattern, Krystal Integrated Services Limited is primarily held by the promoters at 69.96 percent, foreign institutional investors hold 0.74 percent, and the public with 24.20 percent.
About Company
Krystal Integrated Services Ltd, headquartered in Mumbai, Maharashtra, has been a key player in India’s facilities management sector since its inception on December 1, 2000.
The company specialises in delivering integrated solutions across industries such as healthcare, education, public administration, and infrastructure, including airports and railways. With an authorised capital of ₹15 crore and a paid-up capital of ₹13.97 crore, Krystal stands as a reliable partner in facility management.
The company provides a diverse range of services, categorised into soft, hard, and specialised offerings. Soft services include housekeeping, landscaping, and sanitation, while hard services focus on facility maintenance and MEP (Mechanical, Electrical, and Plumbing) solutions.
Additionally, Krystal offers waste management, pest control, production support, and airport management services. It aims to enhance operational efficiency by investing ₹10 crores in machinery and allocating ₹100 crores for working capital.
Positioned among Tier 1 companies, Krystal holds 9.4% of India’s fragmented facilities management market. Its commitment to quality-driven solutions and strategic expansion ensures sustained growth in this competitive sector.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
