Kalpataru Projects International Limited Reports Strong Financial Performance
In the quarterly performance comparison (Q3 FY24 vs Q3 FY23), KPIL recorded a remarkable 22.3 percent year-on-year revenue growth, amounting to INR 4,896 crores.
February 08, 2024. By Abha Rustagi
In the quarterly performance comparison (Q3 FY24 vs Q3 FY23), KPIL recorded a remarkable 22.3 percent year-on-year revenue growth, amounting to INR 4,896 crores. This surge was propelled by healthy project execution, with the company's EBITDA rising by 13.4 percent to INR 424 crores, and PAT witnessing a substantial 32.1 percent increase to INR 144 crores.
For the nine-month period (9M FY24 vs 9M FY23), KPIL continued its upward trajectory, reporting a 19.0 percent year-on-year revenue growth to INR 13,655 crores. The company's EBITDA stood at INR 1,176 Crores, reflecting a 13.3 percent increase, while PAT grew by 17.6 percent to INR 347 crores.
In terms of standalone financials, KPIL's quarterly revenue for Q3 FY24 surged by 18.2 percent year-on-year to INR 4,147 crores. The company's EBITDA and PAT also exhibited significant growth, with EBITDA rising by 12.8 percent to INR 344 crores, and PAT witnessing a substantial 29.7 percent increase to INR 144 crores.
Looking at the nine-month performance (9M FY24 vs 9M FY23) on a standalone basis, KPIL reported a 16.8 percent year-on-year revenue growth to INR 11,613 crores. The company's EBITDA stood at INR 966 crores, marking a 13.6 percent increase, while PAT grew to INR 383 crores.
Additionally, KPIL disclosed its order intake and order book status. The company received new orders worth INR 380 crores in Q4 FY24, bringing the year-to-date order inflows to INR 18,065 crores. The order book surged to INR 51,753 crores as of December 31, 2023, reflecting a significant 25 percent year-on-year increase, with an additional L1 position of around INR 6,000 crores.
Manish Mohnot, MD and CEO of KPIL, expressed his satisfaction with the results and said, “KPIL has delivered another quarter of strong performance driven by robust project execution and record order book. The last few quarters are one of our best quarters in terms of business development. With order wins and L1 of nearly INR 24,000 crores, we closed last quarter with an all-time high order book of INR 51,753 crores. We have made notable strides by securing large size EPC projects in the T&D, B&F and Urban Infra business. These project places us favourably to take advantage of the huge infra development push happening in India and overseas market. Our robust order book, established capabilities and healthy tender pipeline, gives us confidence to deliver profitable growth in the coming quarters and achieve our vision for 2025.”
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