Stock Report

Kalpataru Projects International Ltd reports strong financial performance in Q3 FY24

Posted On : 2024-02-08 13:06:01( TIMEZONE : IST )

Kalpataru Projects International Ltd., a prominent player in the infrastructure sector, has announced its financial results for the quarter ended December 31, 2023. The company has showcased robust growth and solid financial performance, reaffirming its position as a key player in the industry amidst challenging market conditions.

Financial Highlights:

Quarterly Performance (Q3 FY24):

Sales: Kalpataru Projects International Ltd. reported sales of ₹4,896 crores for Q3 FY24, marking a significant increase compared to the previous quarter's ₹4,518 crores.

EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization stood at ₹424 crores, reflecting the company's operational efficiency and cost management strategies.

PAT: Profit After Tax reached ₹144 crores, indicating Kalpataru Projects International Ltd.'s ability to maintain profitability amidst market challenges.

Quarterly Comparison (Q3 FY24 vs. Q2 FY24 and Q3 FY23):

While sales witnessed a substantial uptick from Q2 FY24 to Q3 FY24, the company showcased significant growth compared to Q3 FY23, demonstrating its resilience and adaptability in the face of industry fluctuations.

EBITDA and PAT witnessed remarkable growth compared to the previous quarters, reflecting Kalpataru Projects International Ltd.'s strong financial performance and prudent financial management.

9-Month Performance (9M FY24 vs. 9M FY23):

Kalpataru Projects International Ltd. reported cumulative sales of ₹13,655 crores for the nine months ended December 31, 2023, showcasing robust growth compared to the same period last year.

EBITDA for 9M FY24 stood at ₹1,176 crores, reflecting the company's solid operational capabilities and efficiency.

Profit After Tax witnessed substantial growth, indicating Kalpataru Projects International Ltd.'s successful execution of strategic initiatives and operational excellence.

Kalpataru Projects International Ltd.'s performance in Q3 FY24 reflects its resilience and ability to navigate through market uncertainties within the infrastructure sector. Despite facing challenges such as regulatory changes and project delays, the company has maintained a strong growth trajectory, driven by its diversified project portfolio and strategic market positioning.

The infrastructure sector's recovery post-pandemic and increasing government spending on infrastructure projects present growth opportunities for Kalpataru Projects International Ltd. The company's focus on project execution excellence, risk management, and operational efficiency positions it well to capitalize on emerging market trends and further strengthen its market leadership.

Shares of Kalpataru Power Transmission Limited was last trading in BSE at Rs. 881.40 as compared to the previous close of Rs. 853.25. The total number of shares traded during the day was 7977 in over 625 trades.

The stock hit an intraday high of Rs. 889.75 and intraday low of 841.65. The net turnover during the day was Rs. 6933415.00.