One of the largest players in the global power transmission and infrastructure EPC space, KPTL has delivered a resilient performance in the fourth quarter of FY 2020-21.

May 18, 2021

Kalpataru Power Transmission Ltd (KPTL) has reported a multifold jump in consolidated net profit at Rs 187 crore for the March quarter 2020-21 due to higher revenues.

The net profit of the company in the year-ago period was Rs 13 crore, it said in a BSE filing. The total income in the quarter rose to Rs 4,104 crore from Rs 3,540 crore in the same period a year ago. The consolidated net profit of the company in 2020-21 also rose to Rs 662 crore from Rs 390 crore in 2019-20.

Further, Kalpataru Power Transmission share is trading higher than 5 day, 10 day, 20 day, 50 day, 100 day and 200 day moving averages. The stock has gained 96.45 per cent in one year and risen 19.21 per cent since the beginning of this year. Market cap of the firm rose to Rs 5,690.57 crore. The stock hit 52-week high of Rs 406.80 on April 8, 2021 and 52-week low of Rs 180.00 on May 19, 2020.

Revenue from operations increased 27 per cent to Rs 4,086 crore for the quarter ended March 2021 compared to Rs 3,527 crore in the year-ago period.

Watch: WIRE & CABLE INDIA NEWS ROUNDUP

Net debt stood at Rs.2,304 crore as of March 31, 2021 compared to Rs.3,458 crore as of March 31, 2020. The company also informed that it received total orders of Rs.8,443 crore in FY20-21.

“The year 2020-21 was a challenging year for our business given the pandemic and mounting commodity pricing pressure. However, we have emerged stronger than ever before and have delivered a resilient performance backed by steady revenues, healthy profitability, reduced debt levels, strong order booking, favorable progress on the divestment of long-term assets, and scaling-up our international business,” said Mr. Manish Mohnot, MD & CEO, KPTL.

Also Read: Kalpataru Power Transmission Arm Acquires 51% Stake in Fasttel

“Despite the pandemic, we completed the transfer of two of our T&D BOOT assets, completed acquisition of Fasttel (Brazil) and have made considerable progress on the restructuring of Road BOOT assets. In line with our capital allocation strategy, the company completed the share buyback program of Rs.176 Crores and paid a dividend Rs.10 per share (including the final dividend of Rs.1.5 per share) thereby creating value for our shareholders in FY21,” he added.