The shares of one of the largest specialized Engineering, procurement, and Construction (EPC) companies with global presence jumped 4 percent in the day’s trade following the release of its Q3FY24 results with a 60 percent jump in its net profit. 

With a market capitalization of Rs. 14,212 Crores the shares of Kalpataru Projects International Limited were trading at Rs. 878.30, up 3.78 percent from its previous day’s close price of Rs. 846.30 

Its revenue from operations grew by 22.27 percent YoY from Rs. 4,004 Crores in Q3FY23 to Rs. 4,896 Crores in Q3FY24 and it grew 8.36 percent QoQ from Rs. 4,518 Crores in Q2FY24 to Rs. 4,896 Crores in Q3FY24. 

Its Net Profit grew by 32.11 percent YoY from Rs. 109 Crores in Q3FY23 to Rs. 144 Crores in Q3FY24 and it grew 60 percent QoQ from Rs. 90 Crores in Q2FY24 to Rs. 144 Crores in Q3FY24. 

In addition to this, the board of directors of the company has approved the proposal for issuance of secured/unsecured redeemable Non-Convertible Debentures up to Rs. 300 Crores by the Company in one or more tranches. 

Kalpataru Projects International Limited is one of the largest specialized Engineering, procurement and Construction (EPC) companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. 

Kalpataru Projects International Limited has a global presence in 73 countries with live projects in 30+ countries. As of December 2023, it has a strong order book of Rs. 51,753 Crores, out of which Domestic orders are 61 percent and International Orders are 39 percent. 

Its total order book breakdown from different business segments is as follows, Transmission and distribution 37 percent, buildings, and factories 24 percent, water 22 percent, Railways 7 percent, Urban Infra 7 percent, and Oil & gas 3 percent. 

Written by: Bharath K.S 


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