Sales of EPC segment has gone up 15.58% to Rs 4,148.00 crore (accounting for 97.81% of total sales).  Sales of Others segment has gone down 9.38% to Rs 29.00 crore (accounting for 0.68% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 21.92% to Rs 267.00 crore.  PBIT of EPC segment rose 7.87% to Rs 233.00 crore (accounting for 87.27% of total PBIT).  PBIT of Others reported profit of Rs 3.00 crore compared to loss of Rs 8.00 crore.  

PBIT margin of EPC segment fell from 6.02% to 5.62%.  PBIT margin of Others segment rose from negative 25.00% to 10.34%.  Overall PBIT margin rose from 5.95% to 6.30%.  

 

Standalone net sales (including other operating income) of Kalpataru Projects International for the quarter ended Jun 2023 has increased 134.89% to Rs 3,622.00 crore.  Operating profit margin has jumped from 8.43% to 8.67%, leading to 141.54% rise in operating profit to Rs 314.00 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 40.80% to 41.24%.   Employee cost increased from 7.41% to 8.29%.   Other expenses fell from 43.90% to 41.80%.   Other direct service cost rose from 35.70% to 35.83%.   Other income fell 53.23% to Rs 29 crore.  PBIDT rose 78.65% to Rs 343 crore.  Provision for interest up 167.86% to Rs 75 crore.  PBDT rose 63.41% to Rs 268 crore.  Provision for depreciation rose 272% to Rs 93 crore.  Profit before tax grew 25.90% to Rs 175.00 crore.  Provision for tax was expense of Rs 49 crore, compared to Rs 26 crore.  Effective tax rate was 28.00% compared to 18.71%. Profit after tax rose 11.50% to Rs 126.00 crore.  

Order book update:

Order Book at an all-time high of Rs 47,332 Crores as on 30 June 2023; Additional L1 position of  Rs 4,000+ Crores

YTD FY24 Order Inflows of  Rs 7,383 Crores led by key order wins in T&D and B&F business 

Management Comments :
Commenting on the results, Mr. Manish Mohnot, MD & CEO, KPTL said: “We have delivered another quarter of strong performance with notable growth in revenue, profitability & order book. We continue to deliver resilient and competitive performance whilst improving our consolidated EBITDA margin by 40 bps to reach 9% for Q1 FY24. Additionally, our consolidated PAT grew by 28% YoY to ?113 Crores. This positive outcome is a direct result of our focused strategy aimed at consistently improving and delivering profitable growth through our deep expertise and operational excellence in core business areas. Moreover, ordering activity remains positive across all our business verticals, as we have already secured orders worth ?7,383 Crores and additionally have an L1 position of over ? 4,000 Crores. Our robust financial profile combined with a well-diversified order backlog of ?47,332 Crores positions us favourably for future growth and profitability”.

Others

Standalone net debt as on 30th June 2023 at ?2,216 Crores. Net Consolidated Debt at ?3,174 Crores as on 30th June 2023

Promoters’ stake was 41.08% as of 30 June 2023 ,compared to 51.55% as of 30 June 2022 .  Promoters pledged stake was 46.96% as of 30 June 2023 ,compared to 52.03% as of 30 June 2022 .