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Kalpataru Power transmits 17% rise in PAT in Q3

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Kalpataru Power Transmission gained 0.68% to Rs 453 after the power transmission company announced decent Q3 numbers after market hours yesterday, 10 February 2020.

On a consolidated basis, Kalpataru's net profit surged 16.5% to Rs 127 crore on a 15.1% rise in net sales to Rs 3162 crore in Q3 December 2019 as against Q3 December 2018.

Consolidated Profit before tax (PBT) for Q3 FY20 stood at Rs 172 crore, down by 1.1% YoY. Tax expenses declined 34.4% to Rs 42 crore during the period under review.

Kalpataru reported that its Core EBITDA rose 18% to Rs 388 in Q3 December 2019 as compared to Rs 330 crore posted in Q3 December 2018. EBITDA margin stood at 12.3% in Q3 2019 rising from 12% reported in Q3 2018.

The company's consolidated order book stood at Rs 25,359 crores as of 31 Dec 2019.

Commenting on the results, Ram Patodia, CFO, KPTL said, We are happy to report another good quarter in midst of a challenging environment. We are simplifying our business, strengthening our market position and adopting various operational improvement initiatives. We are on track to complete the transfer of our Transmission Assets to CLP as per planned timelines. Simultaneously, we are working tirelessly on our defined action plans for Road BOOT Assets, Indore Asset and SSL. We are confident to deliver revenue and profitability growth going forward."

KPTL is one of the largest and fastest growing specialized EPC companies in India 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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 11 2020. 09:18 IST
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