Kalpataru Posts Strong Q2 Results, Revenue Up 9% to Rs 4,930 Crore

Mumbai / October 29, 2024: Kalpataru Projects International Ltd. reported strong Q2 FY25 results, with revenue growing by 9% YoY to Rs 4,930 crores, driven by robust execution in T&D, B&F, Oil & Gas, and Urban Infra businesses and a healthy order backlog. EBITDA increased by 18% YoY to Rs 438 crores, with an EBITDA margin of 8.9%. PBT and PAT surged by 42% and 40% YoY, respectively, to Rs 188 Crores and Rs 126 crores, the company said in a statement.

The company witnessed robust momentum in order inflows and tendering for T&D and B&F segments, with YTD FY25 order inflows reaching Rs 11,865 crores and additional L1 positions exceeding Rs 7,000 crores. Kalpataru also signed binding agreements for the sale of Vindyachal Expressway for an enterprise value of Rs 775 crores, expected to close in FY26. As of 30th September 2024, the consolidated order book stood at Rs 60,631 crores, the statement added. 

Commenting on the results, Manish Mohnot, MD & CEO, KPIL said, “We have delivered solid performance this quarter, backed by consolidated revenue growth of 9% to ₹4,930 crores, PBT growth of 42% YoY Rs 188 crores and PAT growth of 40% YoY to Rs 126 crores. More importantly, the growth has come along with strong order book position Rs 60,631 crores and YTD order inflows approx. Rs 19,000 crores (including L1 of over Rs 7,000 crore). Our diversified business mix, consistent performance, established capabilities and strong balance sheet showcases the underlying strength of our business model.” 

The company reported strong half-yearly performance for FY25, with revenue increasing by 9% YoY to Rs 9,517 crores. EBITDA grew by 8% YoY to Rs 817 crores, with an EBITDA margin of 8.6%. PBT and PAT increased by 9% and 3% YoY, respectively, to Rs 325 crores and Rs 210 crores. As of ]September 30, 2024, the net debt stood at Rs 3,668 crores, the statement said.