New Delhi, March 30 -- Engineering and construction company Kalpataru Projects International Ltd is bracing for the adverse impact of the Middle East conflict on its March quarter (Q4FY26) earnings. During a recent analyst meet, management noted that the Middle East accounts for 10-11% of its Rs.63,300-crore order book. The power transmission & distribution (T&D) business is expected to see a potential revenue impact of Rs.200-300 crore due to supply-related challenges. Kalpataru's quarterly revenue run rate for the past three years has been Rs.4,700 crore.

Still, management is upbeat on overall growth prospects. Recent gas shortages haven't hurt its domestic manufacturing plants, which operate at 80-85% utilization levels. The total add...