Shares of this small-cap infrastructure company jumped over 4 percent after winning orders totaling Rs.1,241 crore for power transmission and residential and commercial building projects.
Share Price Movement
In Tuesday’s trading session, the share price of Kalpataru Projects International Ltd gained more than 4 percent reaching an intra-day high of Rs.1,426.95 per share from its previous close of Rs.1,367.25 apiece. The share price has retreated since then and is currently trading at Rs.1,387.15 per share.
What happened
Kalpataru Projects International Limited (KPIL), one of India’s largest engineering and construction firms, has announced the receipt of new orders worth Rs.1,241 crore.
The new contracts include projects in the Transmission and Distribution (T&D) sector, both in India and international markets, as well as residential and commercial building projects within India.
Order Book
KPIL has a healthy order intake, with a diversified order book of Rs.57,195 crore as of June 30, 2024, offering solid growth visibility. In FY25, the company secured orders worth Rs.7,015 crore and has an L1 status of approximately Rs.5,000 crore.
Also Read: Defence stock jumps after receiving order worth ₹ 46 Cr from Min of Defence
Order inflows, primarily from Transmission and Distribution (T&D) (61 percent), Buildings and Factories (B&F) (28 percent), and Water (11 percent), reflecting improved margins aligned with its profitability goals.
Management Commentary
Commenting on the development, Manish Mohnot, MD & CEO of KPIL, said, “We are happy with the robust ordering momentum. These new orders have further strengthened our order book with YTD order inflows reaching over Rs.11,000 Crores. More importantly, nearly 80-85 percent of the new order inflows including L1 are from our Transmission & Distribution (T&D) and Buildings and Factories (B&F) business.”
Financial Performance
According to its recent financial update, Kalpataru Projects reported net sales of Rs.4,587 crore for Q1 FY25, marking an 8 percent increase from Rs.4,241 crore in the same quarter last year. However, the company’s net profit fell to Rs.84 crore, down from Rs.113 crore in the same period.
Company Overview
Kalpataru Projects International Ltd is a prominent global Engineering, Procurement, and Construction (EPC) company based in India, specializing in infrastructure projects across various sectors, including power transmission, oil and gas, railways, and urban development.
With over four decades of experience, the company operates in more than 70 countries, demonstrating its substantial global presence and diversified project portfolio.
Also Read: Stock hits 5% upper circuit after it receives order worth ₹ 131 Cr from Oil India
Written by – Siddesh S Raskar
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.
