Kalpataru Projects International Ltd. Announces Q3 & 9M FY24 Results

Bengaluru | Wednesday, 8 February 2024 | Kalpataru Projects International Limited (KPIL), a leading global infrastructure EPC company, announced its results today for the quarter and nine months ended 31st December, 2023.

CONSOLIDATED FINANCIAL HIGHLIGHTS:

Quarterly Performance (Q3 FY24 vs Q3 FY23)

· Revenue grew by 22.3% YoY to ₹4,896 Crores driven by healthy project execution

· EBITDA grew by 13.4% YoY to ₹424 Crores; EBITDA Margin at 8.7%

· PBT grew by 21.4% YoY to ₹193 Crores in Q3 FY24; PBT margin at 3.9%

· PAT up by 32.1% YoY to ₹144 Crores in Q3 FY24; PAT margin at 2.9%

Nine-month Performance (9M FY24 vs 9M FY23)

· Revenue for 9M FY24 stands at ₹13,655 Crores, up 19.0% YoY

· EBITDA at ₹1,176 Crores higher by 13.3% YoY; EBITDA Margin at 8.6% for 9M FY24

· PBT at ₹490 Crores in 9M FY24, up by 14.0% YoY

· PAT grew by 17.6% YoY to ₹347 Crores in 9M FY24

· Net Debt stand at ₹3,457 Crores as on 31st December 2023

STANDALONE FINANCIAL HIGHLIGHTS:

Quarterly Performance (Q3 FY24 vs Q3 FY23)

· Revenue for Q3 FY24 stands at ₹4,147 Crores, up 18.2% YoY

· EBITDA up by 12.8% YoY to ₹344 Crores; EBITDA Margin at 8.3% for Q3 FY24

· PBT grew by 17.6% to ₹194 Crores, PBT margin at 4.7% for Q3 FY24

· PAT of ₹144 Crores in Q3 FY24, up by 29.7% YoY

Nine-month Performance (9M FY24 vs 9M FY23)

· Revenue for 9M FY24 stands at ₹11,613 Crores, up 16.8% YoY

· EBITDA at ₹966 Crores higher by 13.6% YoY; EBITDA Margin at 8.3% for 9M FY24

· PBT at ₹529 Crores in 9M FY24 compared to ₹518 Crores in 9M FY23

· PAT of ₹383 Crores in 9M FY24 compared to ₹379 Crores in 9M FY23

· Net debt stands at ₹2,589 Crores as on 31st December 2023

ORDER INTAKE & ORDER BOOK

· Received new orders of ₹ 380 Crores in Q4 FY24 till date; YTD FY24 order inflows stands at ₹ 18,065 Crores

· Order book at ₹ 51,753 Crores as on 31st Dec 2023, an increase of 25% YoY; Additional L1 position of around ₹ 6,000 Crores

Management Comments

Commenting on the results, Mr. Manish Mohnot, MD & CEO, KPIL said:

“KPIL has delivered another quarter of strong performance driven by robust project execution and record order book.

The last few quarters are one of our best quarters in terms of business development. With order wins and L1 of nearly Rs.24,000 Crores, we closed last quarter with an all-time high order book of Rs.51,753 Crores. We have made notable strides by securing large size EPC projects in the T&D, B&F and Urban Infra business. These project places us favourably to take advantage of the huge infra development push happening in India and overseas market.

Our robust order book, established capabilities and healthy tender pipeline, gives us confidence to deliver profitable growth in the coming quarters and achieve our vision for 2025.”