Kalpataru Projects International share price rises over 3% on new orders worth ₹1,011 crore

In early trade, the stock rose as much as 3.29% to ₹1,340 apiece on the National Stock Exchange. At 9:28 a.m., it was up 0.87% to ₹1,308.5 per share.

In early trade, the stock rose as much as 3.29% to ₹1,340 apiece on the National Stock Exchange. At 9:28 a.m., it was up 0.87% to ₹1,308.5 per share.

The new orders are related to transmission and distribution (T&D) work in the overseas market, building and factory (B&F) projects in India, and railway business in the domestic market.

Manish Mohnot, MD and CEO of KPIL commended the strong momentum in order inflows, which has significantly strengthened the company's order book. The year-to-date (YTD) inflows now exceed ₹17,300 crore.

"Notably, 85% of these orders come from our core T&D and B&F businesses. The T&D business has grown steadily in the last three quarters, while the B&F business has strengthened its leadership with new and repeat orders. These achievements further bolster our confidence in achieving sustainable and profitable growth, driven by our robust expertise and leadership in the market," he said.

Last month, KPIL had raised ₹1,000 crore via qualified institutional placement (QIP). The equity raise saw an overwhelming response from investors, including domestic mutual funds, foreign investment funds and insurance companies.

Kalpataru Projects International is among key EPC companies engaged in power T&D, buildings and factories, railways, water supply and irrigation, oil and gas pipelines, highways, urban mobility (Flyovers and metro rail) and airports. The company executes projects in over 30 countries and has a footprint in 75 nations.

For the quarter ended September 30, 2024, the company had reported a 39.7% increase in its net profit to ₹125.6 crore, compared to post-tax profit of ₹90 crore in the year-ago period.

Revenue from operations surged 9.1% to ₹4,930 crore in the second quarter of the financial year 2024-25, compared to ₹4,518.4 crore in Q2 FY24.