Kalpataru Projects International profit rises over 28% to Rs 113 crore in Q1

Kalpataru Projects International on Friday said it posted over 28 per cent rise in consolidated net profit at Rs 113 crore in the June quarter mainly on the back of higher revenues.

The company had reported a consolidated net profit of Rs 88 crore in the year-ago quarter, a BSE filing showed. The total income of the company rose to Rs 4,259 crore in the first quarter of the current fiscal from Rs 3,691 crore a year ago. The board also approved the proposal for issuing secured/unsecured redeemable non-convertible debentures of up to Rs 300 crore by the company in one or more tranches.

"We have delivered another quarter of strong performance with notable growth in revenue, profitability and order book. We continue to deliver resilient and competitive performance while improving our consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) margin by 40 basis points to reach nine per cent for Q1 (June quarter)," Manish Mohnot, managing director and chief executive officer, Kalpataru Projects International Ltd (KPTL), said in a statement.

This positive outcome is a direct result of our focused strategy aimed at consistently improving and delivering profitable growth through our deep expertise and operational excellence in core business areas, he added. The company has already secured orders worth Rs 7,383 crore and the order flow remains positive across business verticals, he said. "Our robust financial profile, combined with a well-diversified order backlog of Rs 47,332 crore, positions us favourably for future growth and profitability," he said.