Consistent performance of Kalpataru Power, Q2 PAT jumps 185% at Rs.272 million

Mumbai , October, 2006

Consistent performance of Kalpataru Power:

Kalpataru Power Transmission Ltd., a global EPC player in the Power T&D sectors, has reported for the second quarter ended September 30, 2006, a total revenue of Rs. 3.07 Billion, an increase of 127% vis-à-vis corresponding period revenues of Rs.1.35 Billion revenue.

The Profit Before Tax has jumped by 164% to Rs. 372 Million as against Rs.141 Million in the corresponding quarter. The Profit After Tax has also jumped by 185% to Rs.272 Million as against Rs.96 Million in the corresponding period of previous year.

EPS for the 6 months ended Sept 06 was Rs 25.16 vis a vis Rs 8.76 for previous half year.

Major Achievements of the Company:
Record order backlog of above Rs.22 Billion (USD 475 Million) as of date.
One of India ‘s first and largest Qualified Institutional Placement (QIP) by the Company to raise Rs.3.47 Billion (USD 75 Million) at a price of Rs.727/- per share of Rs.10 each.

Key orders in the Quarter include :
Two jobs of 500 KV HVDC package from Powergrid worth Rs.1.80 Billion, funded by World Bank.
Further two jobs to lay down 400 KV Single Circuit Transmission Line from GRTE Sonelgaz, Algeria worth Rs.1.46 Billion.
Secured Rural Electrification job of 11 KV Feeder renovation job in Udaipur Circle from Ajmer Vidyut Vitram Nigam Ltd. worth Rs.0.40 Billion.
JMC Projects India Limited has reported revenues of Rs 1.98 Billion (a rise of 75%) and a turnaround performance of profit before tax of Rs 89.6 Million (compared to a loss of Rs -12.3 million) for the 6 months ended Sept 06. Also Rights Issue of 465 Million of JMC has been fully subscribed.

Source : Equity Bulls

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