KPTL posts 57% rise in Q3 net profit at Rs 57 crore

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Engineering firm Kalpataru Power Transmission Ltd (KPTL) today posted a 57 percent jump in its standalone net profit at Rs 57.14 crore in the quarter ended December 31, 2016.

The company's net profit was Rs 36.30 crore in the same quarter a year ago, KPTL said in a BSE filing today.

According to the statement, total income from operations has increased to 1,157.58 crore in the third quarter from Rs 898.60 crore in the same period a year ago.

It stated that as on December 31, 2016, the company has order book in excess of Rs 8,300 crore, with 55 percent of order book from international markets.

It said that in the fourth quarter till date, the company has announced orders of over Rs 1,650 crore and is favourably placed (L1) in the orders of over Rs 3,000 crore.

Its subsidiary JMC Project India Ltd's order book as on December 31, 2016, the company was about Rs 6,800 crore including orders of over Rs 2,050 crore received during the third quarter of the year 2016-17.

Besides, JMC is is favorably placed (L1) in the orders of over Rs 1,400 crore.

Commenting on the results, Managing Director KPTL Manish Mohnot said, "In KPTL, we have achieved a very healthy growth on both revenue and profitability. It has been achieved by cost control measures and efficient working capital management." Mohnot further said, "We are confident of maintaining healthy growth in Q4 and next year, based on the current order book visibility. JMC has improved on margins in the current year with focus on productivity and cost management. We are confident of reasonable growth in next year with the current visibility of order book." KPTL is a specialised EPC company in India engaged in power transmission and distribution, oil & gas pipeline, railways, infrastructure development, civil contracting and warehousing and logistics business with a strong international presence in power transmission and distribution.

The company is currently executing several projects in India, Africa, Middle East, Australia, North America, CIS region and Far East.