Kalpataru Projects shares rise over 5% on ₹2,366 crore order win

Shares of Kalpataru Projects extended gains to seventh-day while they have fallen 22 per cent this year

Shares of Kalpataru Projects International surged over 5.5 per cent on Tuesday after the company along with its subsidiaries bagged new orders worth ₹2,366 crore for multiple businesses.  

 

Kalpataru Projects stock rose as much as 5.57 per cent during the day to ₹1,035 per share. The stock pared gains to trade 3.21 per cent higher at ₹1,011.8 apiece, compared to a 0.18 per cent advance in Nifty 50 as of 12:06 PM. 

 

Shares of the company extended gains to seventh-day while they have fallen 22 per cent this year, compared to a 0.25 per cent fall in the benchmark Nifty 50. Kalpataru Projects has a total market capitalisation of ₹17,174.59 crore.

 

In an exchange filing, the company said that it bagged orders in the Transmission and Distribution (T&D) business in India and overseas markets along with orders in the Buildings and Factories (B&F) business in India. 

 

"Our T&D order book continues to grow on the back of rising power demand, rapid expansion of renewable energy and focus on improvement of T&D infrastructure," Manish Mohnot, managing director and chief executive officer, said in the statement. "We continue to focus on strengthening KPIL’s market position and improve our capabilities in the T&D business globally." 

 

The order in the B&F business is a repetitive order from an existing client, demonstrating our impeccable track record of timely delivery and strong capabilities in the B&F construction space, he said. "With these new orders, our order intake to date in FY25 has reached ₹24,850 crore, providing good visibility for improved execution and growth going forward.”

 

Kalpataru Projects International is part of the Kalpataru Group, a diversified conglomerate with interests in engineering, procurement, and construction (EPC) and real estate. KPIL is involved in the EPC segment, primarily in the power T&D sector, railway infrastructure, and oil & gas infrastructure, and has a presence in 70 countries.

 

In the third quarter earnings, Kalpataru Projects posted a marginal 0.58 per cent rise in consolidated net profit due to a higher increase in revenue for the quarter ended December 31, 2024. The construction company’s net profit was recorded at ₹141.96 crore for Q3FY25.

 

Revenue from operations rose 17.1 per cent to ₹5,732.48 crore for Q3FY25, compared with ₹4,895.82 crore in the corresponding period last year. Expenses increased at a slower pace, rising 3.4 per cent to ₹5,540.74 crore for Q3FY25, compared with ₹4,717.38 crore in the previous year.