Mumbai, October 28, 2024 – Kalpataru Projects International Limited (KPIL), a prominent global infrastructure EPC company, announced its financial results for the second quarter and first half of FY25, showcasing robust growth driven by strong execution and a healthy order backlog.
Quarterly Performance Highlights:
In Q2 FY25, KPIL achieved consolidated revenues of ₹4,930 crores, reflecting a 9% increase year-on-year. The company’s EBITDA rose by 18% to ₹438 crores, resulting in an EBITDA margin of 8.9%. Profit Before Tax (PBT) also demonstrated significant growth, rising 42% to ₹188 crores, with a margin of 3.8%. Net Profit After Tax (PAT) surged by 40%, reaching ₹126 crores.
Half-Year Performance Overview:
For the first half of FY25, KPIL reported revenues of ₹9,517 crores, up 9% compared to the same period last year. The EBITDA for H1 stood at ₹817 crores, an increase of 8%, with an EBITDA margin of 8.6%. PBT grew by 9% to ₹325 crores, while PAT saw a 3% rise to ₹210 crores. The company’s net debt was reported at ₹3,668 crores as of September 30, 2024.
Stand-Alone Financial Results:
On a stand-alone basis, Q2 FY25 revenues were ₹4,136 crores, an 8% year-on-year increase. The stand-alone EBITDA rose 13% to ₹348 crores, with an EBITDA margin of 8.4%. Stand-alone PBT was up 15% to ₹184 crores, leading to a PAT of ₹132 crores, which represents a 17% increase from the previous year.
For H1 FY25, stand-alone revenue reached ₹7,858 crores, a 5% rise, while EBITDA stood at ₹662 crores, up 6% year-on-year. Stand-alone PBT was slightly higher at ₹348 crores, compared to ₹335 crores in H1 FY24. PAT improved from ₹239 crores to ₹249 crores over the same period.
Order Intake and Book:
The company reported new orders totaling ₹835 crores in October 2024 to date. Year-to-date order inflows reached ₹11,865 crores, with an additional L1 position of over ₹7,000 crores. As of September 30, 2024, the order book grew by 29% year-on-year to ₹60,631 crores.
Management Comments:
Manish Mohnot, MD & CEO of KPIL, commented on the results, stating, “We have delivered solid performance this quarter, backed by consolidated revenue growth of 9% to ₹4,930 crores, PBT growth of 42% year-on-year to ₹188 crores, and PAT growth of 40% year-on-year to ₹126 crores. Our strong order book of ₹60,631 crores and year-to-date order inflows of approximately ₹19,000 crores, including L1 positions of over ₹7,000 crores, reflect our diversified business mix and established capabilities.”
With these impressive results, KPIL continues to demonstrate the strength and resilience of its business model, positioning itself for future growth in the infrastructure sector.
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