Kalpataru Projects bags two orders worth ₹2,300 crore for domestic and international markets; check details

Among the two orders received, one is in the transmission & distribution (T&D) business in the overseas market, and the other one is for building projects in India.

“The order inflows in the T&D business have strengthened our T&D order book and improved our presence in key overseas markets. The T&D business continues to remain robust with strong tendering activity globally on the back of rising power demand, rapid expansion of renewable energy and focus on improvement of grid infrastructure,” said Manish Mohnot, managing director and chief executive officer of Kalpataru Projects.

“Additionally, the order in the B&F business has helped us to further strengthen our market position. With these new orders, our order intake till date in FY25 has reached around ₹ 22,500 crore, providing us with a good visibility of growth in the coming quarters,” Mohnot further said.

On Thursday, shares of the company settled 1.13% higher at ₹908.55 apiece on the National Stock Exchange. Its market capitalisation stood at ₹15,515.54 crore. The scrip had touched its 52-week low of ₹821.30 this week on March 4.

Kalpataru Projects International had reported a 3.12% year-on-year drop in its consolidated net profit to ₹139.59 crore for the October-December quarter of the 2024-25 financial year (Q3 FY25).

In the corresponding period last year, its net profit was at ₹144.07 crore, the company said in a regulatory filing.

Its revenue from operations jumped 17.09% year-on-year to ₹5,732.48 crore in the quarter under review, compared to ₹4,895.82 crore in the third quarter of the 2023-24 fiscal year (Q3 FY24). The revenue growth was driven by “strong execution” and a healthy order book in T&D, B&F and oil and gas businesses.

At the operational level, its EBITDA grew by 13% YoY to ₹479 crore, and the EBITDA margin stood at 8.4% in Q3 FY25.

The company’s order book grew by 19% YoY to ₹61,429 crore as of December 31, 2024.

KPIL is one of the largest specialised EPC (Engineering, Procurement, and Construction) companies engaged in power transmission & distribution, buildings & factories (B&F), water supply & irrigation, railways, oil & gas pipelines, urban mobility, highways and airports.

It is currently executing projects in over 30 countries and has a global footprint in 75 countries.