Kalpataru Projects Q3 Net Profit Surges 32%, Records High Order Book of ₹51,753 Crores

8 Feb 2024 , 11:21 AM

Kalpataru Projects International (KPIL) reported a 32% increase in consolidated net profit to ₹144 Crore in the December quarter compared to the previous year, driven by higher revenues.

The profit for the quarter ended December 31, 2022, was ₹109 Crore, according to a regulatory filing. Total income saw a growth from ₹4,006 Crore in the same period a year ago to ₹4,910 Crore in the December quarter.

The board approved the issuance of secured/unsecured redeemable Non-Convertible Debentures up to ₹300 Crores in one or more tranches. KPIL secured new orders worth ₹380 Crores in Q4 FY24, with year-to-date order inflows reaching ₹18,065 Crores.

The order book as of December 31, 2023, stands at ₹51,753 Crores, reflecting a YoY increase of 25%.

Manish Mohnot, MD & CEO of KPIL, highlighted strong performance, robust project execution, and a record order book, making the last few quarters among the best in terms of business development.

With order wins and L1 of nearly ₹24,000 Crores, KPIL closed the last quarter with an all-time high order book, positioning favorably in T&D, B&F, and Urban Infra business.

The company’s global presence in 73 countries and diverse projects in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility, Highways, and Airports contribute to its status as one of the largest specialized EPC companies.

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