Kalpataru Power Transmission Ltd (KPTL), a leading global EPC player in power T&D sector, has reported a growth of 10.4% in the revenue for the first quarter ended June 2010 to Rs. 538 crore as compared to Rs.487 crore in the same quarter in the previous year. Net profit for the quarter has grown by 14.9% to Rs. 37 crore as against Rs.32 crore in the same quarter in the previous year.
Company’s order book presents orders in excess of Rs. 4,800 crore excluding L1 bids. During the quarter the Company bagged order worth Rs. 272 crore in the pipeline division in Assam for Oil India Ltd.
The Company’s Board has approved sub division of equity share from face value of Rs.10 each to face value of Rs. 2 each subject to approval by shareholders.
JMC Projects (India) Ltd (JMC), company’s subsidiary present in civil contracting, reported a total income of Rs 260 crore for the quarter ended June 2010 as against Rs. 288 crore in the corresponding period last fiscal. JMC reported net profit of Rs 5.41crore as against Rs. 6.49 crore in the corresponding quarter of the previous year.
Post 31st March 2010, JMC secured projects in excess of Rs. 1,200 crore with few large sized orders namely Bangalore Metro Rail Corporation Ltd. (BMRC) Phase II – Rs. 212 crore, All India Institute of Medical Sciences - Bhopal – Rs. 254 crore and All India Institute of Medical Sciences - Rishikesh – Rs. 251 crore. Order book of JMC as on today is in excess of Rs. 3,800 crore
Consolidated order book of KPTL and JMC together as on today, stand in excess of Rs.8600 crore.
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Commenting on the results, Mr. Manish Mohnot, Executive Director, Kalpataru Power Transmission Limited & JMC said, “Our focus on profitability is visible in our Q-I results with 15% rise in PAT for KPTL. Our consolidated order book gives us a visibility of 20% growth in FY11 with improved margins. We continue our thrust on overseas operations and are currently well placed in few large value orders from international markets. We will continue to explore BOOT opportunities in sectors where we have EPC expertise.”
About Kalpataru Power Transmission Limited (KPTL):
KPTL is One of the largest and fastest growing specialized EPC companies in India engaged in power transmission & distribution, oil & gas pipeline, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution.
The consolidated order book of Rs 8,600 crore largely comprises of projects in the transmission, distribution and pipeline segment. The company is currently executing several projects in Africa, the Middle East, Australia and USA.