Amidst an optimistic and promising macro-economic scenario it gives megreat pleasure to once again present to you the Company's results in the form of AnnualReport for FY 16-17.
The past couple of years have witnessed significant progressivepolicy-level changes and effective implementation of directives in sectors in which we arepresent. It was the government's way of acknowledging that economic growth was hinged onthe adequate development of infrastructure. This approach has delivered tangible resultsand the potential for progress going forward is immense.
By the end of calendar 2016 the total installed capacity in the powersector crossed 300000 MW. However Transmission and Distribution facilities are yet tocatch up. When compared with the international benchmark of 7 MVA for every MW ofgeneration capacity the existing transmission capacity is at approximately 2 MVA per MWin India. This has been leading to congestion in networks across the country. In additionthe need for large-scale transmission capacity is further necessitated as load centres aretypically far from generating stations closer in proximity to resource-rich areas.
Similarly when we talk about infrastructure Indian Railway network isamong the world's largest rail networks and the Government continues to build it further.It plans to commission new Railway lines of 3500 kms in FY 17-18 and has committed Rs55000 Cr towards capital and development expenditure of railways. Total capital anddevelopment expenditure of Railways is pegged at Rs 131000 Cr. This presents asignificant opportunity for KPTL.
We have performed well in the year gone by. Our standalone order booktouched Rs 9000 Cr at the end of March 2017 excluding bids where we were favourablyplaced. During the year we have received firm orders of Rs 6200 Cr and at the end of theyear we were favourably placed to receive additional orders of about Rs 2000 Cr. Duringthe year our standalone revenue increased by 14% and crossed Rs 5000 Cr milestone. Ourconsolidated revenue grew by 5% to Rs 7629 Cr. Our standalone EBIDTA during the year wasRs 529 Cr a growth of 17% over previous year. Similarly delivering on our guidance ourPAT grew by 40% to Rs 269 Cr on a standalone basis and by 107% to 157 Cr on a consolidatedbasis in FY 16-17.
Over the past decade we continued capital investments in bothtransmission and other infrastructure sectors but have managed to maintain debt levels atthe lowest in the industry. Our credit rating continues to be good and we enjoy strongsupport of our bankers due to years of building relationships of trust. With presence inover 40 countries we have also forged strong tie-ups with multilateral funding agencieswhich helps us expand and run our international business effectively.
Past few years have been years of strategic diversification both ingeographical as well as business verticals. Geographical diversification has resulted inincreased proportion of our revenues and order book coming from international markets.International markets account for almost 52% of our current order book. Over the past fiveyears we have forayed into other segments of the infrastructure sector such as railwaysand pipelines. Our order book in these sectors have reached almost Rs 1500 Cr. We expectrevenues from Railway business to almost double in the year to come.
Some of the other changes this year have been our greater focus onautomation Leverage of our market Leadership and strong delivery track record to generatenew business opportunities.
Our subsidiary JMC is on a strong growth track. The order inflow duringthe year was about Rs 3000 Cr and the order book at the end of the year was Rs 7000 Cr.The Company has ventured into new international markets during the year with orders inEthiopia and Sri Lanka. Qualitatively too the order inflow has shifted from privatesector dominated to pubLic sector projects as the government is focused on deveLopment ofroads cities water pipeLines institutionaL buiLdings and other infrastructure projects.
The Company has successfuLLy navigated through the challenges ofdemonetisation. The Company maintains its guidance and Looks forward to achieving growthin the range of 15-20% in the year ahead.
Looking ahead we see a prosperous future for the country particuLarLythe infrastructure sector which will benefit the Company. All stakeholders are likely tobenefit from this trend. Our success so far has been driven by our enterprising andenthusiastic human resources.
I would Like to take this opportunity to thank each and every member ofthe KPTL family. I would also Like to thank our Clients Creditors Banks FinancialInstitutions and other StakehoLders without whose patronage we could not have been wherewe are.
Mofatraj P. Munot