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Kalpataru Power drops after weak Q4 numbers

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Capital Market
Last Updated : May 17 2013 | 1:30 PM IST

The Q4 result was announced after market hours on Thursday, 16 May 2013.

Meanwhile, the S&P BSE Sensex was down 22.04 points or 0.11% at 20,225.29.

On BSE, 13,000 shares were traded in the counter as against average daily volume of 19,446 shares over the past one quarter.

The stock hit a high of Rs 80.50 and a low of Rs 77.15 so far during the day. The stock had hit a 52-week low of Rs 64.15 on 31 August 2012. The stock had hit a 52-week high of Rs 106.40 on 18 April 2012.

The small-cap company has equity capital of Rs 30.69 crore. Face value per share is Rs 2.

Kalpataru Power Transmission's (KPTL) net profit declined 16.49% to Rs 137.70 crore on 9.98% growth in revenue to Rs 3335.40 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

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On consolidated basis, KPTL's net profit declined 34.06% to Rs 134.50 crore on 14.76% growth in revenue to Rs 6085 crore in FY 2013 over FY 2012.

Net profit of JMC Projects, a 67% subsidiary of KPTL declined 64.73% to RS 18.30 crore on 22.77% growth in revenue to Rs 2541.90 crore in FY 2013 over FY 2012.

Net profit of Shree Shubam Logistics, a 85% subsidiary of KPTL surged 356.25% to Rs 14.60 crore on 14.23% growth in revenue to Rs 231.90 crore in FY 2013 over FY 2012.

KPTL's consolidated order book as on 31 March 2013 stood at above Rs 12400 crore. Among these, KPTL has order book of over Rs 6800 crore including new orders worth over Rs 800 crore received during Q4 March 2013. The company has entered into 2 new countries i.e. Bhutan and Tajikistan.

JMC Projects has order book of over Rs 5600 crore including new orders worth Rs 1010 crore received during the quarter. The company has forayed into international markets by securing a road EPC (engineering, procurement and construction) contract in Ethiopia.

Commenting on the company's performance, Mr. Manish Mohnot, Executive Director, KPTL said, "Our focus in this year is to maintain growth momentum with better profitability and to improve ROCE. For this purpose, a lot of steps have been taken, which will start yielding results very soon".

KPTL's board of directors at a meeting held on Thursday, 16 May 2013, recommended dividend of Rs 1.50 per share for FY 2013.

Kalpataru Power Transmission (KPTL) is a specialized EPC company engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution. The company is currently executing several projects in India, Africa, the Middle East, Australia, North America, CIS region and Far East.

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First Published: May 17 2013 | 1:02 PM IST

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