Kalpataru Power Transmission (KPTL) today posted a 22 percent rise in standalone net profit at Rs 57.81 crore for the second quarter ended September 30, 2016.
The company had reported net profit of Rs 47.50 crore in the year-ago period, the company said in a BSE filing.
KPTL, a global engineering player in power T&D (transmission and distribution) sector, has revenue generation of Rs 1,143.25 crore in the quarter under review as compared to Rs 959.41 crore in the same period a year ago.
The company said that its margins improvement due to focus on cost reduction and better working capital management. As on September 30, 2016, the firm has order book in excess of Rs 9,400 crore.
The firm is favourably placed (L1) in the orders of over Rs 2,000 crore, it said.
KPTL Managing Director Manish Mohnot said, "We have achieved good execution in the last quarter with healthy margins; we are confident of achieving a minimum growth of 20 percent in the second half of this financial year." JMC Projects (India), an arm of KPTL, posted a standalone net profit of Rs 12 crore and got revenue of Rs 530.9 crore in the second quarter of this fiscal.
The company said that there was revenue de-growth in JMC due to delayed execution in few segments. However, some improvement in margins and better working capital supported in reducing finance cost.
JMC has received new orders of Rs 1,040 crore. It includes Rs 440 crore orders received in Q2 FY17 and Rs 600 crore orders received in Q3 FY17 till date.
As on September 30, 2016, the company has order book of approximately Rs 5,400 crore including orders of Rs 440 crore received during the second quarter of the year 2016-17. The company is favourably placed (L1) in orders in excess of Rs 1,000 crore.
Commenting about performance of JMC, Mohnot said, "In JMC, we have achieved great success in improving margins and working capital management, although slow execution in certain projects and continued slack in real estate sector is impacting our order inflows from that segment." He further said, "Going forward, good order inflows from government sector and international geographies should support revenues and profitability.
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