This Infra stock, which deals in the business of EPC with interest across sectors such as PT&D, oil and gas pipeline, railways and biomass based on power generation, surged upto 7 percent in early trade after the company & its subsidiaries received orders worth Rs. 2,306 crore for Transmission.
Share Price Movement
In Friday’s trading session, Kalpataru Projects International‘s share price touched a day’s high of Rs. 978.05, which is 6.81 percent higher. The share price reiterated from the day’s high and was trading at Rs. 949.95, which is 3.75 percent higher than the previous closing price of Rs. 915.65 apiece.
In the past year, the stock has given around 10 percent negative returns and underperformed the Nifty Index.
What Happened
The company’s stock was in focus after Kalpataru Projects International, including its international subsidiaries, received orders worth Rs. 2,306 crores. The received orders are related to Transmission & Distribution (T&D) business in the overseas market and building projects in India.
Management Commentary
Commenting on the development, Managing Director & Chief Executive Officer of Kalpataru Projects International, Manish Mohnot said “We are delighted with the significant order wins in our T&D and B&F business. The order inflows in the T&D business has strengthened our T&D order book and improved our presence in key overseas markets. The T&D business continues to remain robust with strong tendering activity globally on back of rising power demand, rapid expansion of renewable energy and focus on improvement of grid infrastructure.
Additionally, the order in the B&F business has helped us to further strengthen our market position. With these new orders, our order intake till date in FY25 has reached around Rs. 22,500 Crores, providing us with a good visibility of growth in the coming quarters.”
Financials
In its latest filing for the quarter ending December 2024, the company reported a 17.07 percent rise in revenue, reaching Rs. 5,732 crore compared to Rs. 4,896 crore in Q3FY24. During the same period, net profit declined by 2.77 percent to Rs. 140 crore in Q3FY25, compared to Rs. 144 crore in Q3FY24.
Business segment
Kalpataru’s 97.73 percent of the operating revenue comes from Engineering, Procurement & Engineering (EPC),1.14 percent from Development Projects, and the remaining 1.12 percent from Others for the December 2024 quarter. The Operating profit for EPC is higher, but for development projects, the margins are better than EPC.
Order Book
As of 31st December 2024, the order book stood at around Rs. 61,429 crore and out of which Rs. 25,772 crore is from International Projects and YTD FY25 orders win were Rs. 20,181 crore.
Company Overview
Kalpataru Projects International Limited is a leading Indian EPC company with a diversified portfolio in power transmission, buildings, water, railways, and oil & gas. It operates globally across over 75 countries with a strong focus on sustainable growth.
Written by – Santhosh S
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