Kalpataru Power rallies 11% on post Q2 results

The stock rallied 11% to Rs 360 on the BSE in early morning trade after the company reported 28% Y-o-Y jumped in its standalone net profit at Rs 914 million in September quarter.

Shares of Kalpataru Power Transmission (KPTL) rallied 11% to Rs 360 on the BSE in early morning trade after the company reported a 28% year-on-year (Y-o-Y) jump in its standalone net profit at Rs 914 million in September quarter (Q2FY19).

The standalone revenue grew 29% at Rs 15.74 billion, on account of better execution. Ebitda (earnings before interest, tax, depreciation and amortization) margin improved to 10.9% from 10.8% during the quarter. Focus on early project completion and operational excellence initiatives are driving margin improvement, the company said.

KPTL’s standalone order book rose by 47% Y-o- Y to Rs