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Kalpataru Power gains after strong Q2 results

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Capital Market
Last Updated : Nov 01 2013 | 11:55 PM IST

Kalpataru Power Transmission rose 2.06% to Rs 79.30 at 12:33 IST on BSE after net profit rose 17% to Rs 31 crore on 35% growth in revenue to Rs 962.20 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced after market hours on Thursday, 31 October 2013.

Meanwhile, the S&P BSE Sensex was up 37 points or 0.17% at 21,201.52.

On BSE, 31,000 shares were traded in the counter as against average daily volume of 21,599 shares over the past one quarter.

The stock hit a high of Rs 81.90 and a low of Rs 75.45 so far during the day. The stock had hit a 52-week high of Rs 105.40 on 10 January 2013. The stock had hit a 52-week low of Rs 56 on 29 August 2013.

The stock had outperformed the market over the past one month till 31 October 2013, surging 33.97% as compared to the Sensex's 9.21% rise. The scrip had also outperformed the market in the past one quarter, jumping 28.22% compared with the Sensex's 9.4% rise.

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

Kalpataru Power Transmission (KPTL)'s EBITDA (earnings before interest, taxation, depreciation and amortization) excluding other income surged 44% to Rs 91.10 crore in Q2 September 2013 over Q2 September 2012. Profit before tax (PBT) rose 21% to Rs 46.90 crore.

As on 30 September 2013, KPTL has consolidated order book of above Rs 12000 crore. The company had received orders worth Rs 620 crore in Q2 September 2013.

KPTL is a specialized engineering, procurement and construction (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, Middle East, Australia, North America and Far East.

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First Published: Nov 01 2013 | 12:31 PM IST

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