During the quarter, exceptional items stood at Rs 54 crore. It includes provision of Rs 55 crore towards impairment in value of its investment in two wholly owned subsidiaries namely Kalpataru Power Transmission (Mauritius) and Shree Shubham Logistics.

Core EBITDA increased 38% to Rs 425 crore as compared with Rs 307 crore in Q4 FY22. EBITDA margin stood at 9.7% in Q4 FY23.

On full year basis, the company's net profit jumped 51.7% to Rs 531 crore on 15.6% rise in revenue from operations to Rs 14,337 crore in FY23 over FY22.

The order book stood at Rs 45,918 crore as on 31 March 2023 and additional L1 of Rs 4,000 crore. It has received additional new orders of Rs 1,229 crore in month of April 2023 and May 2023, Order inflows of Rs 4,114 crore till date in FY24.

Manish Mohnot, managing director & chief executive officer (CEO), KPTL said, “In FY23, we have strengthened our capabilities by expanding civil business in international markets, adding large size orders in T&D in India and international markets, and ventured into newer areas like airports, solar EPC, data centers etc.

The growing need for infrastructure development and higher adoption of renewables has resulted in a strong business momentum as we have secured record order inflows in FY23. We have a strong balance sheet and are continuously working on improving our working capital, return ratios and project closures along with divesting our non-core assets.”

Meanwhile, the board has recommended final dividend of Rs 7 per equity share for FY23, subject to approval by shareholders.

Further, the board has also approved the proposal for issuance of secured / unsecured redeemable non-convertible debentures upto Rs 300 crore in one or more tranches.

Kalpataru Power Transmission is one of the largest specialized EPC companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil infrastructure business. The company is currently executing projects in over 30 countries and has global footprints in 70 countries.

The scrip rose 0.88% to Rs 542.20 on the BSE.