Kalpataru Projects shares fall 4% amid market weakness despite bagging projects worth Rs 2,273 crore

Kalpataru Projects International is a global EPC player with diversified interests in Buildings and Factories, Power transmission and distribution. Roads and Bridges, Water pipelines, railway track laying and electrification, oil and gas pipelines laying, etc.

Kalpataru Projects International has secured new orders and notifications of awards, worth Rs 2,273 crore. The new orders involve two primary segments, KPIL’s transmission and distribution sector and the residential building projects in India. With these orders, the company's order inflow is Rs 14,100 crore so far this year.

"Our order book continues to strengthen with significant traction in the T&D business, particularly in India. We are also happy with the new order wins in the Buildings & Factories (B&F) business, which helps us to reinforce our position in the residential building sector, said Manish Mohnot, MD and CEO, emphasising that nearly 56% of order intake to date is from our T&D business.

Despite the project wins, Kalpataru Projects shares were trading in the red amid market weakness.

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Kalpataru Projects International is a global Engineering, Procurement, and Construction (EPC) player with diversified interests in Buildings and Factories, Power transmission and distribution. Roads and Bridges, Water pipelines, railway track laying and electrification, oil and gas pipelines laying, etc.

The firm's operations span over 30 countries with a global footprint in 74 countries.

For the quarter ended September 30, 2024, Kalpataru Projects reported a strong financial performance with net profit surging by 39.7% year-on-year to Rs 125.6 crore and revenue from operations rose by 9.1% YoY to Rs 4,930 crore. On the operation front, KPIL’s EBITDA jumped 83.8% YoY to Rs 438.3 crore in Q2FY25.

At 1:52 pm, Kalpataru Projects shares were trading around 3% lower at Rs 1,199.80 on the National Stock Exchange (NSE). The stock has rallied 67% this year, outperforming Nifty's 9% gain. Over the past 12 months, the stock has risen 82%, while Nifty rose 22% during the same period

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