Kalpataru Power Q2 revenue up 7%

Kalpataru Power Transmission Limited (KPTL), a leading global EPC player have announced their results for the quarter ended September 30, 2017.

KPTL Standalone financial result highlights
Revenue at Rs 1,223 Crores, growth of 7.0% YoY (growth of +9.6% adjusted for the impact of Excise Duty); Revenue growth in excess of 50.0% YoY in Railways and 24.0% YoY in the Pipeline business.
EBITDA margin at 10.9% for the quarter; first half EBITDA margin at 11.1%
Order book of Rs 9,620 Crores as on September 30, 2017 (excluding orders received in October and November 2017)

New orders 
KPTL has secured new orders / notification of award of Rs 757 Crores. The details are as follows: Orders totaling Rs 245 Crores for Substations and Transmission line in the West Africa.
An order for 220kV Transmission line in Afghanistan for Rs 97 Crores
Railway Electrification order of Rs 387 Crores for Satara (excl.) – Miraj (incl.) – Kolhapur Section of Central Railway from PGCIL.
An order for mechanical works of Rs 28 Crores for refinery project.

JMC has secured new orders / notification of award of Rs 451 Crores. The details are as follows: Two residential projects in West and South India totaling Rs 342 Crores An order for construction of academic block from an educational institute of Rs 40 CroreAn order for civil works for a coal handling plant of Rs 69 Crores

Manish Mohnot, Managing Director & CEO – KPTL commented:  “The first half revenue at KPTL was temporarily impacted due to GST related factors. We expect to deliver on our projected growth in excess of 15% for full year. We are also confident of achieving our order inflow targets in the range of Rs 7,500 Crores to Rs 8,000 Crores for the current year at KPTL.”

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com
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