Kalpataru Power Transmission net up 68% at Rs 37 cr

Kalpataru Power Transmission, a global EPC player in power T&D sector has reported a hike of 63% in PBT, amounting to Rs. 49 crores for the second quarter ended September 2009. The revenue for the quarter has increased by 28% to Rs. 553 crores and PAT has increased by 68% to Rs 37 crores, as compared to the same quarter in the previous year.

For the half year ending September 09, the company reported an increase of 15% in revenue to Rs. 1,040 crores, along with an 30% increase in PBT at Rs 92 crores and a 33% increase in PAT at Rs 69 crores(as compared to the half yearly results of the previous year)

KPTL’s order book is at Rs. 5500 crores (excluding L1 orders), comprising overseas order book in the range of Rs. 1800 crores.

JMC Projects (India) Ltd., a company subsidiary reported PBT of Rs 8.91 crores, with revenue of Rs. 313 crores in the current quarter. For the half year JMC reported PBT of Rs. 17.96 crores on revenue of Rs. 605 crores. JMC’s order book is at Rs. 2500 crores as on 30th Sept 2009.

Commenting on the results, Mr. Manish Mohnot, Executive Director, Kalpataru Power Transmission Limited said, “Our performance has continued to improve on a sequential basis, and we are on track to achieve a growth of 25% in the current financial year. Our increased order book also provides a reasonable estimate of similar growth in the next few years”.

About Kalpataru Power Transmission Limited (KPTL):

KPTL is a turnkey player in design, fabrication, construction and erection of transmission lines and sub-station structures.

KPTL is the group’s listed entity and continues to look for development projects in various infrastructure sectors. The order book of Rs 5500 crores comprises largely of projects in the transmission, distribution and pipeline segment. The company is currently executing / supplying to several projects in Africa, the Middle East, Australia & USA.