Consolidated net sales (including other operating income) of Kalpataru Power Transmission for the quarter ended Jun 2022 has increased 15% to Rs 3677 crore. Operating profit margin has declined from 9.6% to 8.6%, leading to 3% rise in operating profit to Rs 315.00 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 37.63% to 42.97%. Employee cost decreased from 9.63% to 9.23%. Other expenses fell from 43.32% to 39.48%. Other direct service cost fell from 35.32% to 33.16%. Other income stood flat at Rs 14 crore. PBIDT rose 3% to Rs 329 crore. Provision for interest rose 2% to Rs 100 crore. PBDT rose 3% to Rs 229 crore. Provision for depreciation rose 5% to Rs 90 crore. Profit before tax grew 2% to Rs 139.00 crore. EO Expense was Rs 12 crore against nil. Thus PBT after EO was down 7% to Rs 127 crore. Provision for tax was expense of Rs 39 crore, compared to Rs 49 crore. Effective tax rate was 30.71% compared to 38.58%. PAT was up 1% to Rs 88 crore. Share of profit/loss were nil in both the periods. Minority Interest was a share of profit of RS 7 crore against share of loss of Rs 2 crore. Net profit attributable to owners of the company increased 1% to Rs 81.00 crore. - Sales of Infrastructure segment has gone up 50.00% to Rs 57.00 crore (accounting for 1.55% of total sales). Sales of Construction segment has gone up 14.74% to Rs 3,589.00 crore (accounting for 97.58% of total sales). Sales of Others segment has gone down 17.95% to Rs 32.00 crore (accounting for 0.87% of total sales). Inter-segment sales came down from Rs 1.00 crore to Rs -1.00 crore.
- Profit before interest, tax and other unallocable items (PBIT) has slumped 2.67% to Rs 219.00 crore. PBIT of Infrastructure segment fell 26.67% to Rs 11.00 crore (accounting for 5.02% of total PBIT). PBIT of Construction segment rose 6.93% to Rs 216.00 crore (accounting for 98.63% of total PBIT). PBIT of Others reported loss of Rs 8.00 crore compared to profit of Rs 8.00 crore.
- PBIT margin of Infrastructure segment fell from 39.47% to 19.30%. PBIT margin of Construction segment fell from 6.46% to 6.02%. PBIT margin of Others segment fell from 20.51% to 25.00%. Overall PBIT margin fell from 7.02% to 5.95%.
Standalone net sales (including other operating income) of Kalpataru Power Transmission for the quarter ended Jun 2022 has declined 2.77% to Rs 1,542.00 crore. Operating profit margin has declined from 10.21% to 8.43%, leading to 19.75% decline in operating profit to Rs 130.00 crore. Other income up 342.86% to Rs 62 crore. PBIDT rose 9.09% to Rs 192 crore. Provision for interest fell 17.65% to Rs 28 crore. PBDT rose 15.49% to Rs 164 crore. Provision for depreciation down 3.85% to Rs 25 crore. Profit before tax grew 19.83% to Rs 139.00 crore. Provision for tax was expense of Rs 26 crore, compared to Rs 40 crore. Effective tax rate was 18.71% compared to 34.48%. Profit after tax rose 48.68% to Rs 113.00 crore. Order book Consolidated order book as end of Jun 30, 2022 stood at Rs 36880 crore (up 13%QoQ). Secured consolidated orders of ?7,952 Crores in Q1FY23. Additionally it was L1 of around ?7,000 Crores (?4,200 Crores in KPTL and ?2,800 Crores in JMC). Order book of KPTL as end of Jun 30, 2022 stood at ? 17,570 crores. Order book of JMC as end of Jun 30, 2022 stood at ? 19,448 crores. Management Comments Commenting on the results, Manish Mohnot, MD & CEO, KPTL said:
“We have started the financial year on a good note with strong traction across all our businesses. We have delivered
robust growth in consolidated revenue and PAT. We have maintained heathy EBITDA margin of 8.6% in Q1FY23.
We are seeing margin pressure beginning to ease off during the current quarter with softening of commodity prices
and we hope this reversal trend in inflated prices to continue.
Our consolidated order inflows till date in FY23 is at ? 7,952 Crores and additionally we are L1 in orders of around ?
7,000 Crores. This gives us good visibility to achieve the targeted growth going forward.
Furthermore, we have made foray in high growth infrastructure businesses like elevated metro rail structures, airport,
metro rail electrification and data centres, there by strengthening our market position in the EPC market.
We continue to make progress on our key strategic priorities – Growth in core EPC Business, International
Expansion, Further Strengthening of Balance sheet and Divestment of Non-core Businesses/ Assets. We are
optimistic about business visibility across all our businesses and the company’s robust competitive and financial
position in the sector.” Other developments Promoters’ stake was 51.55% as of 30 June 2022 ,compared to 54.55% as of 30 June 2021 . Promoters pledged stake was 52.03% as of 30 June 2022 ,compared to 45.91% as of 30 June 2021 .
Kalpataru Power Transmission: Consolidated Results |
|
|
2206 (3) |
2106 (3) |
Var. (%) |
2203 (12) |
2103 (12) |
Sales |
3677.00 |
3204.00 |
15 |
14777.00 |
12949.00 |
OPM (%) |
8.6 |
9.6 |
|
8.7 |
11.7 |
OP |
315.00 |
306.00 |
3 |
1284.00 |
1509.00 |
Other inc. |
14.00 |
14.00 |
0 |
89.00 |
67.00 |
PBIDT |
329.00 |
320.00 |
3 |
1373.00 |
1576.00 |
Interest |
100.00 |
98.00 |
2 |
396.00 |
436.00 |
PBDT |
229.00 |
222.00 |
3 |
977.00 |
1140.00 |
Dep. |
90.00 |
86.00 |
5 |
351.00 |
373.00 |
PBT |
139.00 |
136.00 |
2 |
626.00 |
767.00 |
EO Exp |
12.00 |
0.00 |
|
-90.00 |
-210.00 |
PBT After EO |
127.00 |
136.00 |
-7 |
716.00 |
977.00 |
Taxation |
39.00 |
49.00 |
-20 |
161.00 |
283.00 |
PAT |
88.00 |
87.00 |
1 |
555.00 |
694.00 |
Share of
profit from JV |
0.00 |
-9.00 |
-100 |
-20.00 |
-32.00 |
Minority
Interest |
7.00 |
-2.00 |
|
-5.00 |
-9.00 |
PAT after MI |
81.00 |
80.00 |
1 |
540.00 |
671.00 |
EPS (Rs)* |
# |
# |
|
31.6 |
35.0 |
*
Annualized on current equity of Rs 29.78 Crore. Face Value: Rs 2 |
# EPS is not
annualised due to seasonality of business |
|
Figures in Rs crore |
|
|
|
|
|
Source:
Capitaline Corporate Database |
|
|
|
Kalpataru Power Transmission : Consolidated Segment Results | | Quarter ended | Year ended |
---|
| % of (Total) | 202206 | 202106 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
---|
Sales | Transmission & Distribution | 0.00 | 0.00 | 0.00 | - | Real Estate | 0.00 | 0.00 | 0.00 | - | Infrastructure | 1.55 | 57.00 | 38.00 | 50.00 | 1.44 | 213.00 | 371.00 | -42.59 | Construction | 97.58 | 3,589.00 | 3,128.00 | 14.74 | 97.73 | 14,443.00 | 12,424.00 | 16.25 | Others | 0.87 | 32.00 | 39.00 | -17.95 | 0.83 | 123.00 | 152.00 | -19.08 | Total Reported Sales | 100.00 | 3,678.00 | 3,205.00 | 14.76 | 100.00 | 14,779.00 | 12,947.00 | 14.15 | Less: Inter segment revenues | | -1.00 | 1.00 | PL | | 2.00 | -2.00 | LP | Net Sales | 100.00 | 3,679.00 | 3,204.00 | 14.83 | 100.00 | 14,777.00 | 12,949.00 | 14.12 | PBIT | Transmission & Distribution | 0.00 | 0.00 | 0.00 | - | Real Estate | 0.00 | 0.00 | 0.00 | - | Infrastructure | 5.02 | 11.00 | 15.00 | -26.67 | 9.56 | 103.00 | 175.00 | -41.14 | Construction | 98.63 | 216.00 | 202.00 | 6.93 | 90.71 | 977.00 | 1,171.00 | -16.57 | Others | -3.65 | -8.00 | 8.00 | PL | -0.28 | -3.00 | 37.00 | PL | Total PBIT | 100.00 | 219.00 | 225.00 | -2.67 | 100.00 | 1,077.00 | 1,383.00 | -22.13 | Less : Interest | | 100.00 | 98.00 | 2.04 | | 396.00 | 436.00 | -9.17 | Add: Other un-allcoable | | 8.00 | 0.00 | - | | 15.00 | -2.00 | LP | PBIT Margin(%) | Transmission & Distribution | | 0.00 | 0.00 | 0.00 | Real Estate | | 0.00 | 0.00 | 0.00 | Infrastructure | | 19.30 | 39.47 | -2,017.54 | | 48.36 | 47.17 | 118.70 | Construction | | 6.02 | 6.46 | -43.94 | | 6.76 | 9.43 | -266.08 | Others | | -25.00 | 20.51 | -4,551.28 | | -2.44 | 24.34 | -2,678.11 | PBT | 100.00 | 127.00 | 127.00 | 0 | 100.00 | 696.00 | 945.00 | -26.35 |
|
Kalpataru Power Transmission : Standalone Results | | Quarter ended | Year ended |
---|
Particulars | 202206 | 202106 | Var.(%) | 202203 | 202103 | Var.(%) |
---|
Net Sales (including other operating income) | 1,542.00 | 1,586.00 | -2.77 | 7,062.00 | 7,671.00 | -7.94 | OPM (%) | 8.43 | 10.21 | -178 bps | 9.25 | 10.53 | -129 bps | OP | 130.00 | 162.00 | -19.75 | 653.00 | 808.00 | -19.18 | Other Inc. | 62.00 | 14.00 | 342.86 | 81.00 | 79.00 | 2.53 | PBIDT | 192.00 | 176.00 | 9.09 | 734.00 | 887.00 | -17.25 | Interest | 28 | 34 | -17.65 | 124 | 109 | 13.76 | PBDT | 164.00 | 142.00 | 15.49 | 610.00 | 778.00 | -21.59 | Depreciation | 25 | 26 | -3.85 | 105 | 115 | -8.70 | PBT | 139.00 | 116.00 | 19.83 | 505 | 663 | -23.83 | PBT before EO | 139 | 116 | 19.83 | 505 | 663 | -23.83 | EO Income | 0 | 0 | - | 217 | 168 | 29.17 | PBT after EO | 139 | 116 | 19.83 | 722 | 831 | -13.12 | Taxation | 26 | 40 | -35.00 | 207 | 216 | -4.17 | PAT | 113 | 76 | 48.68 | 515 | 615 | -16.26 | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | Net profit after discontinued operations | 113 | 76 | 48.68 | 515 | 615 | -16.26 | EPS (Rs)* | 7.59 | 5.10 | 48.68 | 24.19 | 32.95 | -26.59 | | * EPS is on current equity of Rs 29.78 crore, Face value of Rs 2, Excluding extraordinary items. | # EPS is not annualised | bps : Basis points | EO : Extraordinary items | Figures in Rs crore | Source: Capitaline Corporate Database |
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