Kalpataru Power Limited's Q1 net profit came in at Rs 48.4 crore and total income at Rs 1196 crore.
In an interview to CNBC-TV18, Manish Mohnot, managing director, Kalpataru Power Transmission, shares his views on the company's Q1 performance and the expectation from upcoming quarters.
Below is the transcript of Manish Mohnot’s interview with Mangalam Maloo and Sumaira Abidi on CNBC-TV18.
Sumaira: This time around, the expectation was that you would not have done too well in terms of your topline. Despite that, you have posted a 10 percent growth. What is the kind of run rate in terms of your top-line growth that we can expect for FY16?
A: For FY16, we expect topline growth to be in the range of 10-15 percent. We are expecting a lot of orders in Q2, we have had orders of approximately Rs 1,800 crore in Q1 and we expect a lot of them come in Q2. So, we are still continuing with the growth trajectory of 10-15 percent for the current year.
Mangalam: Also a word on your growth. Majority of that growth has come from the infrastructure engineering, procurement and construction (EPC) which is a lumpy business, so is that sustainable?
A: Yes, our order book on the EPC infrastructure business which primarily constitutes railway and pipeline is very good and from a two year perspective, we expect that business to grow by more than 15 percent year-on-year (YoY).