Kalpataru Power Transmission (KPTL) today posted 9 per cent rise in standalone net profit at Rs 70.45 crore for the quarter ended June 30, 2017.
The company had reported a standalone net profit of Rs 64.53 crore in the year-ago period, KPTL said in a statement.
Total income increased to Rs 1,218.24 crore in the said quarter, up from Rs 1,199.71 crore in June quarter last year.
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The company recorded revenue growth of 17 per cent in railway and 27 per cent in pipeline business. It also reported financial cost reductionof12 per cent year-on-year.
Its margin improved as a result of cost rationalisation enhancement, productivity enhancement initiatives and working capital efficiencies. The company's order book was at Rs 9,753 crore as on June 30, 2017.
KPTL's subsidiary JMCProjects(India) had a revenue of Rs666.7crore, up 19 per cent year-on-year as a result of improved projectexecution.It receivedordersofRs710crore inJune quarter and the orderbook stoodat Rs7,000crore asonJune30.
"Wecontinuetodeliverstrongprofitabilityin linewithourbudgets.ThefirstquarterrevenueatKPTL wasnegativelyimpactedduetoGST-relatedfactors," MD and CEO of KPTL, ManishMohnotsaid.
He further said on the back of a solid order book, the company is confidentofachievingagrowthof15 per cent forfullyear, bothforKPTLandJMC.
"Wewillalso continue our efforts on improving our return ratios.Ourcostreductionandproductivityimprovement initiativesacrossourbusinesseswillhelpusachieveaprofi tablegrowth," he said.
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