This BSE 500 company is zooming on a volatile Tuesday morning

This BSE 500 company is zooming on a volatile Tuesday morning

Indian Market
by 5paisa Research Team Last Updated: 2022-09-06T14:51:51+05:30

The company along with its subsidiaries has secured new orders.

Kalpataru Power Transmission Limited (KPTL) is part of the Kalpataru Group established in 1969. The company is among the leading Engineering, Procurement, and Construction (EPC) companies with proven experience and expertise. It is a diversified conglomerate with an interest in Real Estate, Power Generation, Agri Logistics and EPC in major infrastructure segments like Power Transmission and Distribution, Buildings & Factories, Roads & Highways, Water & Irrigation, Railways and Oil and Gas. KPTL is currently executing projects in over 30 countries and has a global footprint in 67 countries.

KPTL and its international subsidiaries have secured new orders/notification of awards of Rs 1,345 crore. The details are as follows: 1) Orders in India and overseas markets in the T&D business 2) Orders for Pipeline Laying Works 3) Orders for Metro Rail Electrification in India.

The company performed well in the June quarter (Q1FY23). On a consolidated basis, the company reported revenue at Rs 3677 crore, an increase of 15% YoY. The EBITDA that grew by 6% YoY was at Rs 315 crore. PAT witnessed a YoY growth of 13% and was reported at Rs 88 crore.

Commenting on the new order announcements, Manish Mohnot, Managing Director and CEO, KPTL said “We are pleased with the new order wins secured across our business verticals. The order wins in the T&D and pipeline business help us to further consolidate our order book and establish leadership in key markets. The second metro rail electrification order strengthens our Railways business in new and emerging infrastructure segments. These orders along with the existing order book reaffirm our confidence to achieve targeted growth going forward.” 

Overall, the company is performing really well and that has been reflected in the share price. The stock has been gaining for the last 2 days and has risen 7.53% in returns in the period. On 6 September 2022, as the market reversed its gains, at 10:58 am the stock has risen by 7.37% and the scrip is trading at Rs 432.85. The stock has a 52-week high of Rs 451.95 and a 52-week low of Rs 332.30.


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