KPTL Q3 PAT Jumps 132% to Rs 308 Cr; Declares Interim Dividend of Rs 8.5 Per Share

Global power transmission and infrastructure EPC player Kalpataru Power Transmission Ltd (KPTL) has reported a significant growth of 132 per cent in its consolidated net profit after tax (PAT) at Rs 308 crore during the October-December quarter of FY21, mainly on account of rise in revenue from operations.

The company’s consolidated net profit after tax (PAT) stood at Rs 133 crore during the same period a year ago.

Commenting on the company’s performance, Manish Mohnot, Managing Director & CEO of KPTL, said that “KPTL and JMC delivered steady performance in Q3 FY21 with improved turnover, stable margins and good order booking. We have also significantly reduced our net debt at standalone and consolidated level.”

The consolidated revenue from operations of KPTL during Q3 FY21 increased by 11 per cent to Rs 3,501 crore, as compared to Rs 3,162 crore in October-December quarter of FY20. Also, it’s core EBITDA stood at Rs 383 crore with margin of 10.9 per cent in Q3 FY21.

During the quarter under review, the company’s profit before tax after exceptional items grew by 138 per cent to Rs 410 crore with margin of 11.7 per cent in Q3 FY21, against Rs 172 crore in the corresponding quarter previous year.

The company included Rs 206 crore of exceptional gain in the third quarter of FY21.

On the acquisition of Brazilian EPC firm during Q3 FY21, Mohnot said “the acquisition of Fasttel in Brazil is in line with our strategy to strengthen our core EPC business and becoming local in few geographies. Fasttel helps us to make our entry into the high growth Brazilian power transmission and distribution market. ”

The company received orders worth Rs 13,744 crore for YTD FY21 and L1 position of around Rs 3,850 crore during the third quarter of FY21.

Besides, its consolidated order book stood at Rs 27,532 crore as on December 31, 2020.

“Our consolidated order book including L1 position of Rs.31,382 Crore and good visibility across businesses makes us well positioned to capture the growth opportunities going forward,” Mohnot added.

The Board of Directors of the company has declared an Interim Dividend @ Rs 8.5 (i.e. 425 per cent) per Equity share of face value of Rs 2 each fully paid up for FY21.

Buoyed by strong Q3 results, scrips of the company were trading at Rs 370.80 apiece, up 1.81 per cent, from the previous close on the exchange at 12:25 hours.