Kalpataru Projects Q3 results: Net profit slumps over 3% to ₹139.59 crore, revenue up 17%

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 business.

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.

“We have delivered noteworthy performance in Q3 FY25, with consolidated revenue growth of 17%, an EBITDA margin of 8.4%, and YTD order inflows, including L1, exceeding ₹22,600 crore. Our business profile remains well-diversified, with a record-high order book of ₹61,429 crore, providing strong visibility for the coming quarters. We continue to focus on enhancing our capabilities, achieving operational excellence, and strengthening our competitive position, as reflected in our consistent and strong financial performance,” Manish Mohnot, MD & CEO of KPIL commented. . “The recently announced Union Budget places strong emphasis on investments in power transmission, clean energy, water supply, urban mobility, new regional airports, and other key EPC segments. In this backdrop, we are well placed to seize upcoming opportunities and further strengthen our market position given our demonstrated capabilities in diverse EPC segments, strong balance sheet, and extensive global experience,” Mohnot added.

“Looking ahead, we remain committed to deliver consistent and profitable growth while maintaining a strong balance sheet thereby delivering long-term value for our stakeholders,” Mohnot said.

Board re-appoints CEO

The board also approved the re-appointment of Manish Mohnot as the Managing Director & CEO of the company for a period of three years commencing from April 1, 2025 up to March 31, 2028 (both days inclusive), subject to approval of shareholders.