Kalpataru Power Transmission Q3FY10 Net profit up 121% to Rs 44 cr

Revenue up by 72% to Rs. 716 cr

Kalpataru Power Transmission Ltd. (KPTL), a leading global EPC player in power T&D sector has reported a robust hike of 121% in PAT, amounting to Rs.44 crore for the third quarter ended December 2009 as against Rs 20 crores in the previous quarter of the last fiscal.

Revenue for the quarter has increased by 72% to Rs. 716 crores as compared to Rs 417 crores in the same quarter in the previous year.

Revenue for the nine months has increased by 32% to Rs.175 crore as compared to Rs.132.3 crores in the same nine months period of previous year. The profit for nine months has increased by 59% to Rs. 113 crores as against Rs. 71 crores in the same period of previous year.

Kalpataru’s present order book is in excess of Rs. 5200 crores excluding L1 bids.

JMC Projects (India) Ltd. (JMC), a subsidiary of KPTL posted a net profit of Rs 8 crores, up by 42 per cent over the corresponding quarter in the last quarter.

JMC reported a total income of Rs. 337 crores for the quarter ended December 31, 2009 as against Rs. 310 crores in the corresponding period last fiscal.

JMC has reported total income of Rs. 936 crores for the first nine months of the year with a Net Profit of Rs. 20 crores for the same period.

JMC has order book in excess of Rs. 2600 crore.

Commenting on the results, Mr. Manish Mohnot, Executive Director, Kalpataru Power Transmission Limited said, “We have been concentrating on our core verticals and strong thrust on project management and delivery is visible in our results. Given our robust order book along with the upswing in infrastructures spending, we continue to maintain a positive outlook for the next year.”

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. 5200 crores comprises largely of projects in the transmission, distribution and pipeline segment. The company is currently executing several projects in Africa, Middle East, Australia & USA.