Kalpataru Power drops after weak Q3 show

The company announced Q3 results after market hours on Monday, 28 January 2013.

Meanwhile, the BSE Sensex was up 21.46 points or 0.11% at 20,124.81.

On BSE, 4,403 shares were traded in the counter as against average daily volume of 64,003 shares over the past one quarter.

The stock hit a high of Rs 99 and a low of Rs 97.50 so far during the day. The stock had hit a 52-week low of Rs 64.15 on 31 August 2012. The stock had hit a 52-week high of Rs 134.30 on 16 February 2012.

The stock had outperformed the market over the past one month till 28 January 2013, surging 8.11% compared with the Sensex's 3.39% rise. The scrip had also outperformed the market in past one quarter, jumping 10.14% as against Sensex's 7.94% surge.

The company has equity capital of Rs 30.69 crore. Face value per share is Rs 2.

Kalpataru Power Transmission's (KPTL) 67% subsidiary, JMC Projects' net profit declined 72.03% at Rs 3.30 crore on 6.9% growth in revenue to Rs 611.30 crore in Q3 December 2012 over Q3 December 2011.

As on 31 December 2012, KPTL has consolidated order book of above Rs 11400 crore. Of this, KPTL order book stood at over Rs 6500 crore including new orders worth over Rs 950 crore received during the quarter. The order book splits equally between domestic and international markets, KPTL said. JMC Projects' order book stood at Rs 5200 crore including new orders worth Rs 660 crore received during the quarter, KPTL said in a statement.

Kalpataru Power Transmission (KPTL) is a specialized engineering, procurement and construction (EPC) company, engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing & logistics business with a strong international presence in power transmission & distribution. The company is currently executing several projects in India, Africa, the Middle East, Australia, North America, CIS region and Far East.

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