Author: PPD Team Date: 30/10/2024
Kalpataru Projects International Ltd (KPIL) reported cumulative order inflows of Rs 118.65 billion for FY25, covering the period from April 1 to October 28, 2024. The power transmission and distribution (T&D) segment led the inflows, contributing over 50%, or Rs 59.86 billion.
As of September 30, 2024, KPIL’s outstanding order book totalled Rs 606.31 billion, with the power T&D segment accounting for 36.7% (Rs 222.69 billion).
KPIL holds a leading position (L1) for additional orders valued at over Rs 70 billion, mainly within the power T&D sector. Revenue growth in Q2 and H1 FY25 remained strong due to robust execution and a healthy order backlog in the T&D segment.
KPIL’s international power T&D subsidiaries also contributed significantly to its order book, with Swedish subsidiary LMG holding Rs 29.58 billion and Brazilian subsidiary Fasttel at Rs 8.28 billion, collectively representing 17% of KPIL’s T&D order backlog as of September 30, 2024.
Commenting on Q2FY25 performance, KPIL’s MD & CEO Manish Mohnot highlighted a 9% consolidated revenue growth to Rs 49.3 billion, a 42% year-on-year increase in profit before tax to Rs 1.88 billion, and a 40% rise in profit after tax to Rs 1.26 billion. Mohnot noted that KPIL’s strong order book, diversified business mix, and solid balance sheet underscore the resilience of its business model.