Results     09-Feb-24
Analysis
Kalpataru Projects International
Sales up 22%, net up 19%
Consolidated net sales (including other operating income) of Kalpataru Projects International for the quarter ended Dec 2023 has increased 22.28% to Rs 4896 crore.  

Operating profit margin has declined from 9.34% to 8.66%, leading to 13.37% rise in operating profit to Rs 424.00 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.72% to 40.45%.   Employee cost decreased from 9.35% to 9.14%.   Other expenses rose from 40.57% to 41.76%.   Other direct service cost rose from 33.63% to 35.45%.   

Other income rose 600% to Rs 14 crore.  PBIDT rose 16.49% to Rs 438 crore.  Provision for interest rose 4.20% to Rs 124 crore.  PBDT rose 22.18% to Rs 314 crore.  Provision for depreciation rose 23.47% to Rs 121 crore.  Profit before tax grew 21.38% to Rs 193.00 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 49 crore, compared to Rs 50 crore.  Effective tax rate was 25.39% compared to 31.45%. Net profit attributable to owners of the company increased 19.49% to Rs 141.00 crore.  

  • Sales of EPC segment has gone up 22.24% to Rs 4,798.00 crore (accounting for 97.98% of total sales).  Sales of Others segment has gone up 8.33% to Rs 26.00 crore (accounting for 0.53% of total sales).  Sales of Development Projects segment has gone up 25.86% to Rs 73.00 crore (accounting for 1.49% of total sales).  Inter-segment sales came down from Rs 3.00 crore to Rs 1.00 crore.  
  • Profit before interest, tax and other unallocable items (PBIT) has jumped 12.55% to Rs 305.00 crore.  PBIT of EPC segment rose 9.05% to Rs 265.00 crore (accounting for 86.89% of total PBIT).  PBIT of Development Projects segment rose 35.71% to Rs 38.00 crore (accounting for 12.46% of total PBIT).  
  • PBIT margin of EPC segment fell from 6.19% to 5.52%.  PBIT margin of Development Projects segment rose from 48.28% to 52.05%.  Overall PBIT margin fell from 6.76% to 6.23%.  


 
For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Kalpataru Projects International has increased 18.96% to Rs 13655 crore.  Sales of EPC segment has gone up 19.39% to Rs 13,372.00 crore (accounting for 97.92% of total sales).  Sales of Others segment has gone down 3.49% to Rs 83.00 crore (accounting for 0.61% of total sales).  Sales of Development Projects segment has gone up 1.52% to Rs 201.00 crore (accounting for 1.47% of total sales).  Inter-segment sales came down from Rs 5.00 crore to Rs 1.00 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 11.59% to Rs 828.00 crore.  PBIT of EPC segment rose 6.52% to Rs 719.00 crore (accounting for 86.84% of total PBIT).  PBIT of Others reported profit of Rs 7.00 crore compared to loss of Rs 8.00 crore.  PBIT of Development Projects segment rose 36.00% to Rs 102.00 crore (accounting for 12.32% of total PBIT).  

PBIT margin of EPC segment fell from 6.03% to 5.38%.  PBIT margin of Others segment rose from negative 9.30% to 8.43%.  PBIT margin of Development Projects segment rose from 37.88% to 50.75%.  Overall PBIT margin fell from 6.46% to 6.06%.  

Operating profit margin has declined from 9.04% to 8.61%, leading to 13.29% rise in operating profit to Rs 1,176.00 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 42.50% to 41.06%.   Employee cost increased from 9.18% to 9.26%.   Other expenses rose from 39.32% to 41.11%.   Other direct service cost rose from 32.39% to 34.67%.   

Other income rose 69.23% to Rs 44 crore.  PBIDT rose 14.66% to Rs 1220 crore.  Provision for interest rose 12.24% to Rs 376 crore.  

PBDT rose 15.78% to Rs 844 crore.  Provision for depreciation rose 25.53% to Rs 354 crore.  

Profit before tax grew 9.62% to Rs 490.00 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 143 crore, compared to Rs 135 crore.  Effective tax rate was 29.18% compared to 31.40%.

Minority interest decreased 80% to Rs 2.00 crore.  Net profit attributable to owners of the company increased 21.05% to Rs 345.00 crore.  

Promoters’ stake was 40.59% as of 31 December 2023 ,compared to 51.53% as of 31 December 2022 .  Promoters pledged stake was 42.49% as of 31 December 2023 ,compared to 48.84% as of 31 December 2022 .  


 


Kalpataru Projects International : Consolidated Results
 Quarter endedYear to DateYear ended
Particulars202312202212Var.(%)202312202212Var.(%)202303202203Var.(%)
Net Sales (including other operating income)4,896.004,004.0022.2813,655.0011,479.0018.9616,361.0014,777.0010.72
OPM (%)8.669.34-68 bps8.619.04-43 bps8.378.0533 bps
OP424.00374.0013.371,176.001,038.0013.291,370.001,189.0015.22
Other Inc.14.002.00600.0044.0026.0069.2340.0089.00-55.06
PBIDT438.00376.0016.491,220.001,064.0014.661,410.001,278.0010.33
Interest124.00119.004.20376.00335.0012.24467.00396.0017.93
PBDT314.00257.0022.18844.00729.0015.78943.00882.006.92
Depreciation1219823.4735428225.5339235111.68
PBT193.00159.0021.384904479.625515313.77
Share of Profit/(Loss) from Associates00-00-0-20-
PBT before EO19315921.384904479.625515117.83
EO Income00-0-17-91185-50.81
PBT after EO19315921.3849043013.95642696-7.76
Taxation4950-2.001431355.9320716128.57
PAT14410932.1134729517.63435535-18.69
Minority Interest (MI)3-9PL210-80.00-6-5-20.00
Net profit14111819.4934528521.05441540-18.33
P/(L) from discontinued operations net of tax00-00-00-
Net profit after discontinued operations14111819.4934528521.05441540-18.33
EPS (Rs)*8.687.2619.4921.2418.2416.4523.3024.33-4.25
* EPS is on current equity of Rs 32.49 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


Kalpataru Projects International : Consolidated Segment Results
 Quarter endedYear to DateYear ended
% of (Total)202312202212Var.(%)% of (Total)202312202212Var.(%)% of (Total)202303202203Var.(%)
Sales
Transmission & Distribution0.000.000.00-
Real Estate0.000.000.00-
Biomass Energy0.000.000.00-
Infrastructure0.000.000.00-
EPC97.984,798.003,925.0022.2497.9213,372.0011,200.0019.3997.6315,979.0014,443.0010.63
Others0.5326.0024.008.330.6183.0086.00-3.490.71116.00123.00-5.69
Development Projects1.4973.0058.0025.861.47201.00198.001.52
Total Reported Sales100.004,897.004,007.0022.21100.0013,656.0011,484.0018.91100.0016,367.0014,779.0010.74
Less: Inter segment revenues 1.003.00-66.67 1.005.00-80.00 6.002.00200.00
Net Sales100.004,896.004,004.0022.28100.0013,655.0011,479.0018.96100.0016,361.0014,777.0010.72
PBIT
Transmission & Distribution0.000.000.00-
Real Estate0.000.000.00-
Biomass Energy0.000.000.00-
Infrastructure0.000.000.00-
EPC86.89265.00243.009.0586.84719.00675.006.5289.67964.00977.00-1.33
Others0.662.000.00-0.857.00-8.00LP-0.09-1.00-3.0066.67
Development Projects12.4638.0028.0035.7112.32102.0075.0036.00
Total PBIT100.00305.00271.0012.55100.00828.00742.0011.59100.001,075.001,077.00-0.19
Less : Interest124.00119.004.20376.00335.0012.24467.00396.0017.93
Add: Other un-allcoable12.007.0071.4338.0023.0065.2234.0015.00126.67
PBIT Margin(%)
Transmission & Distribution 0.000.000.00
Real Estate 0.000.000.00 0.0048.36-4,835.68
Biomass Energy 0.000.000.00
Infrastructure 0.000.000.00
EPC 5.526.19-66.79 5.386.03-64.99 6.036.76-73.16
Others 7.690.00769.23 8.43-9.301,773.61 -0.86-2.44157.70
Development Projects 52.0548.28377.89 50.7537.881,286.75 41.180.004,117.65
PBT100.00193.00159.0021.38100.00490.00430.0013.95100.00642.00696.00-7.76
Previous News
  Indices trade near flat line; breadth strong
 ( Market Commentary - Mid-Session 22-Jun-23   09:38 )
  Kalpataru Projects International consolidated net profit declines 19.13% in the June 2024 quarter
 ( Results - Announcements 29-Jul-24   17:26 )
  Kalpataru Projects board OKs NCD issue of Rs 300 cr
 ( Hot Pursuit - 22-Jun-23   09:49 )
  Board of Kalpataru Projects International to consider NCD issuance
 ( Corporate News - 20-Sep-23   17:56 )
  Kalpataru Projects International approves NCD issue of Rs 300 cr
 ( Corporate News - 22-Jun-23   10:09 )
  Kalpataru Projects International fixes record date for final dividend
 ( Market Beat - Reports 22-Jun-23   11:17 )
  Kalpataru Power Transmission
 ( Analyst Meet / AGM - Conference Call 12-Nov-22   12:05 )
  KPIL bags orders worth Rs 1016 cr
 ( Corporate News - 29-Sep-23   18:44 )
  Kalpataru Power spurts after multiple order wins
 ( Hot Pursuit - 06-Sep-22   10:07 )
  Volumes jump at Kalpataru Power Transmission Ltd counter
 ( Hot Pursuit - 30-May-23   11:00 )
  Kalpataru Power Transmission to consider fund raising via NCD issuance
 ( Corporate News - 06-Dec-22   10:55 )
Other Stories
  Gillette India
  30-Aug-24   10:08
  AIA Engineering
  17-Aug-24   11:47
  Voltas
  17-Aug-24   11:43
  ABB India
  17-Aug-24   11:39
  NHPC
  17-Aug-24   11:23
  NTPC
  17-Aug-24   11:20
  Tata Power Company
  17-Aug-24   11:10
  Adani Ports & Special Economic Zone
  17-Aug-24   10:53
  Adani Power
  17-Aug-24   10:44
  Crompton Greaves Consumer Electricals
  17-Aug-24   10:34
Back Top