Kalpataru

Kalpataru Projects Q3FY25 results: Net profit flat at ₹141.96 cr

KPIL's Ebitda margin for Q3FY25 was recorded at 8.4 per cent, a slight decrease from 8.6 per cent in the corresponding period last year

Axis Sec sees 25% upside in Kalpataru Projects; stock rises 3% on coverage

Shares of Kalpataru Projects International Ltd (KPIL) rose 2.79 per cent at Rs 1,312 a piece on the BSE in Friday's intraday trade

Kalpataru Projects gains over 3% after securing orders worth Rs 1,011 cr

Shares of Kalpataru Projects International Ltd (KPIL) gained 3.3 per cent at Rs 1340.95 a piece on the BSE in Wednesday's intraday trade

Kalpataru Projects Int'l Q2 results: Net profit grows 40% to Rs 125.5 crore

Kalpataru Projects International Ltd (KPIL) on Monday reported about 40 per cent rise in consolidated net profit to Rs 125.56 crore in the September quarter aided by higher income. It had posted a net profit of Rs 89.89 crore in the July-September period of the preceding 2023-24 fiscal year, the company said in an exchange filing. Its total income rose to Rs 4,946.98 crore from Rs 4,530.49 crore in the year-ago period. The company's expenses were at Rs 4,758.96 crore as against Rs 4,398.06 in the same quarter of the previous fiscal year. During the quarter, the company signed binding agreements for the sale of Vindhyachal Expressway for enterprise value of Rs 775 crore. The deal is expected to close in FY26, subject to requisite approvals and closing adjustments. In the April-September period, the company posted a net profit of Rs 249 crore compared to Rs 239 crore in the year-ago period. The company's net debt stood at Rs 2,793 crore at the end of the second quarter. In a state

Kalpataru Projects to sell Vindhyachal Expressway for Rs 775 cr; shares up

Kalpataru Projects share rose after the company entered into a definitive agreement for sale of its entire 100% stake in Vindhyachal Expressway, a WOS, to Actis Atlantic for an est EV of Rs 775 crore.

Kalpataru Projects share up over 3% on Rs 1,241-cr order win; details here

The Kalpataru Projects International share rose after the company announced that it has been awarded new orders worth Rs 1,241 crore.

Kalpataru Projects International bags Rs 2,774-cr order; share price soars

The upward movement in the Kalpataru Projects International shares came after the company announced that it has secured new orders worth Rs 2,774 crore.

Kalpataru gets notice from Afghan govt for not submitting tax declarations

Kalpataru Projects International Ltd on Tuesday said it has received a tax notice from the Afghanistan government for non-submission of certain declarations. In an exchange filing, the company said, "The branch office through its consultant... received certain tax challans from the Ministry of Finance, Afghanistan Revenue Department with the demand of payment of tax liability, additional tax and fine, due to non-submission of certain declarations for FY 2020-21 and FY 2021-22." The notice was received on August 26, it said. The authority has demanded tax liability of AFN 8,774,153 (Rs 104.59 lakh), additional tax of AFN 12,150 (Rs 0.14 lakh) and fine of AFN 166,401 (Rs 1.98 lakhs), Kalpataru Projects International Ltd said. The branch anticipates this additional tax and fine may be waived off by the Ministry of Finance once the payment towards the tax liability is discharged, it said. Last week, the company also received a tax notice from the GST authority in India. The authority

Realty firm Kalpataru Ltd files draft papers to raise Rs 1,590 cr via IPO

Real estate firm Kalpataru Ltd has filed draft prospectus with market regulator SEBI to launch its initial public offering (IPO) for raising up to Rs 1,590 crore, mainly to reduce debt. The Mumbai-based company has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises fresh issue of shares, having face value of Rs 10 each, aggregating up to Rs 1,590 crore. It would use Rs 1,192.5 crore for repayment/prepayment, in full or in part, of certain borrowings. "We are an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land (or development rights thereto), planning, designing, execution, sales, and marketing of our projects," the DRHP said. The company has a portfolio of 40 ongoing, forthcoming and planned projects comprising 49.77 million square feet area. Of these 25 projects having 22 million square feet are currently underway. While a majority o

Kalpataru Projects International Q1FY25 results: PAT falls 26% to Rs 84 cr

Kalpataru Projects International Ltd on Monday posted about 26 per cent decline in consolidated net profit to Rs 84 crore for the June 2024 quarter, dragged by higher expenses. It had clocked Rs 113 crore profit in the year-ago period, the company said in an exchange filing. The company's total income rose to Rs 4,609 crore from Rs 4,259 crore in April-June 2023-24. The expenses surged to Rs 4,472 crore from Rs 4,094 crore a year ago. KPIL is one of the largest specialised EPC companies engaged in power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban mobility (flyovers and metro rail), highways and airports.

CDSL, KPIL, Brigade: 4 midcap stocks that can fall over 14% from here

The key momentum oscillators of these four NSE smallcap stocks are showing a negative divergence; hence these stocks are likely to trade with a downward bias in the near term.

Kalpataru Projects International board to raise Rs 300 cr through NCDs

Kalpataru Projects International on Monday said its board has approved the proposal to raise Rs 300 crore through the issuance of Non-convertible Debentures (NCDs) on private placement basis. A total of 30,000 NCDs of face value of Rs 1,00,000 each, aggregating to Rs 300 crore is proposed to be issued, a BSE filing stated. According to the filing, the Executive Committee of the Board of Directors at its meeting held today has approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures of Rs 300 crore on private placement basis. The NCDs will be listed at the Wholesale Debt Market Segment of BSE Ltd. The deemed date of allotment is June 13, 2024, while its final redemption (100 per cent) will be done by June 11, 2027. The coupon/interest offered is 8.35 per cent per annum.

Kalpataru Projects Board to meet on June 10 to mull fund raise; stock up 6%

The surge came after the company announced that its board will meet on June 10 to approve raising of funds by way of issuance of Non Convertible Debentures (NCDs) on private placement basis

Kalpataru Projects bags orders worth Rs 2,071 cr for metro tunnel project

Engineering firm Kalpataru Projects International Ltd(KPIL) on Thursday said the company and its arms have bagged orders worth Rs 2,071 crore for power transmission and distribution and construction of an underground metro rail tunnel project. KPIL is one of the largest specialised EPC (engineering procurement construction) companies engaged in power transmission and distribution, railways, highways, and airports, among others. According to a statement, KPIL and its joint ventures (JVs) and international subsidiaries have secured new orders/notification of awards of Rs 2,071 crore. The new orders include orders in the transmission & distribution (T&D) business in overseas markets. Besides, it has also received an order for the design and construction of an underground metro rail project in India. Manish Mohnot, MD & CEO of Kalpataru Projects International Limited (KPIL), said, "The T&D orders in Brazil and underground metro rail-tunnelling order in India have ...

Kalpataru Projects International to lay 800 kms gas pipeline for Aramco

Kalpataru Projects International on Tuesday said it has secured an order from Saudi Arabia's energy major Aramco for laying 800 kilometres of gas pipeline. Kalpataru Projects International Ltd (KPIL) has received the letter of intent (LoI) from Aramco for carrying out engineering, procurement and construction works for three packages of the third expansion phase of the Master Gas System Network (MGS-3) in Saudi Arabia, KPIL said in a statement. The EPC work scope covers laying of over 800 kms of lateral gas pipeline, it said, adding that the value of the project will be confirmed upon contract execution. MGS-3 project aims to expand the existing gas network to supply gas to various industrial consumers. This expansion is expected to enhance Aramco's ability to meet the growing energy demand in Saudi Arabia and replace liquid fuel burning, contributing to Saudi Arabia's drive towards a diverse energy mix. Having roughly two decades of experience in cross-country pipelines, processin

Kalpataru Projects Q3 results: Profit rises over 32% to Rs 144 crore

Engineering major Kalpataru Projects International (KPIL) on Wednesday reported over 32 per cent jump in its consolidated net profit to Rs 144 crore in December quarter compared to a year ago mainly on the back of higher revenues. Its profit stood at Rs 109 crore in the quarter ended on December 31, 2022, a regulatory filing showed. Total income increased to Rs 4,910 crore in the December quarter from Rs 4,006 crore in the same period a year ago. The board in its meeting on Wednesday, approved the proposal for issuance of secured/unsecured redeemable Non-Convertible Debentures up to Rs 300 crores by the company in one or more tranches. The company said in a separate statement that it received new orders of Rs 380 crores in Q4 FY24 till date and YTD (Year to Date) FY24 order inflows stand at Rs 18,065 crores. The order book at Rs 51,753 crores as on December 31, 2023, an increase of 25 per cent YoY (Year on Year). Manish Mohnot, MD & CEO, KPIL said,"KPIL has delivered another ...

Bank Nifty to see bullish moves above 48,400; MOIL, KPIL top buy calls

Bank Nifty ended the previous session with "Doji" candlestick pattern on the daily chart, which indicates indecision amongst the traders, as per Vinay Rajani

Kalpataru bags orders worth Rs 3,244 cr, forays into metro tunnel segment

Engineering and construction firm Kalpataru Projects International said the company along with overseas subsidiaries and joint ventures bagged new orders worth Rs 3,244 crore and also announced its foray into underground metro rail tunnelling segment. The company said it secured an order for design and construction of an underground metro rail project, marking its foray into electric mobility business with TBM (tunnel boring machine) tunnelling scope. According to a statement, Kalpataru Projects International Ltd (KPIL) along with its joint ventures (JVs) and overseas subsidiaries has secured new orders/notification of awards of Rs 3,244 crore. It has also got orders in the buildings & factories (B&F) business, including KPIL's largest ever design and building contract for a residential project in south India with a built-up area of approximately 13 million square feet from a reputed developer. Besides, the company got orders in the Transmission & Distribution (T&D) ...

Kalpataru Projects soars 11% on winning new orders worth of Rs 3,244 crore

In the past one week, the stock of the civil construction company has surged 16 per cent

Kalpataru Projects International profit rises over 28% to Rs 113 cr in Q1

Kalpataru Projects International on Friday said it posted over 28 per cent rise in consolidated net profit at Rs 113 crore in the June quarter mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 88 crore in the year-ago quarter, a BSE filing showed. Total income of the company rose to Rs 4,259 crore in the first quarter of the current fiscal from Rs 3,691 crore a year ago. The board also approved the proposal for issuing secured/unsecured redeemable non-convertible debentures of up to Rs 300 crore by the company in one or more tranches. "We have delivered another quarter of strong performance with notable growth in revenue, profitability and order book. We continue to deliver resilient and competitive performance while improving our consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) margin by 40 basis points to reach nine per cent for Q1 (June quarter)," Manish Mohnot, managing director and chief executiv