Kalpataru Projects International Ltd. Announces Q1 FY24 Results
Mumbai | Friday, 17 August 2023 | Kalpataru Projects International Limited (KPIL), a leading global infrastructure EPC company, announced its results today for the quarter ended 30th June, 2023.
FINANCIAL HIGHLIGHTS – KPIL (CONSOLIDATED) – Q1 FY24
- Revenue was up by 15% YoY to ₹4,241 crores driven by robust project progress and strong order backlog
- EBITDA grew by 21% YoY to ₹382 Crores; EBITDA margin up by 40 bps at 9.0%
- PBT at ₹165 Crores with a margin of 3.9%
- Reported PAT up by 28% YoY to ₹113 Crores; PAT margin at 2.7% in Q1 FY24 compared to 2.4% in Q1 FY23
- Net Consolidated Debt at ₹3,174 Crores as on 30th June 2023
- Revenue of LMG(Sweden) of ₹244 Crores and Fasttel (Brazil) of ₹164 Crores
FINANCIAL HIGHLIGHTS – KPIL (STANDALONE) – Q1 FY24
- Revenue up by 15% YoY at ₹3,622 crores
- EBITDA grew by 17% YoY to ₹314 crores ; EBITDA margins up by 20 bps to 8.7%
- PBT at ₹175 crores with a margin of 4.8%
- Reported PAT at ₹126 crores with a margin of 3.5%
- Standalone net debt as on 30th June 2023 at ₹2,216 Crores
Management Comments
Commenting on the results, Mr. Manish Mohnot, MD & CEO, KPTL said:
“We have delivered another quarter of strong performance with notable growth in revenue, profitability & order book. We continue to deliver resilient and competitive performance whilst improving our consolidated EBITDA margin by 40 bps to reach 9% for Q1 FY24. Additionally, our consolidated PAT grew by 28% YoY to ₹113 Crores.
This positive outcome is a direct result of our focused strategy aimed at consistently improving and delivering profitable growth through our deep expertise and operational excellence in core business areas.
Moreover, ordering activity remains positive across all our business verticals, as we have already secured orders worth ₹7,383 Crores and additionally have an L1 position of over ₹ 4,000 Crores.
Our robust financial profile combined with a well-diversified order backlog of ₹47,332 Crores positions us favourably for future growth and profitability”.