Kalpataru Power Transmission Limited’s (KPTL) consolidated Profit After Tax (PAT) grew by 132% yoy to Rs308cr with margin of 8.8% in Q3FY21. Its revenue grew by 11% yoy to Rs3,501cr in Q3FY21, company said in quarterly financial results declared on Saturday.
Core EBITDA stood at Rs383cr with margin of 10.9% in Q3FY21. PBT after exceptional items grew by 138% yoy to Rs410cr with margin of 11.7% in Q3FY21.
The company received orders of Rs13,744cr for YTD FY21; the L1 position of around Rs3,850cr. Consolidated order book stands at Rs27,532cr as of December 31, 2020.
KPTL Board of Directors has recommended a dividend of Rs8.50 per share (i.e. 425%) for the face value of Rs2 per share.
Kalpataru Power Transmission Ltd stock was bullish during Monday's trade and touche a day's high of Rs390.60 per piece. Each stock was trading at Rs374.85 pe rpiece up Rs10.65 or 2.92% on the BSE.
KPTL Standalone net debt declined by 39% yoy to Rs612cr and Consolidated net debt declined by 36% yoy to Rs2,343cr as on December 31, 2020. New orders received by KPTL of Rs835cr and JMC of Rs760cr in Q4FY21 till date. Strong and well diversified consolidated order book including L1 at Rs31,382cr as on Dec 31, 2020.
KPTL standalone revenue of Rs1,993cr in Q3FY21 compared to Rs1,979cr in Q3FY20. Core EBITDA at Rs207cr with margin of 10.4% in Q3FY21. PBT after exceptional items grew by 84% yoy to Rs328cr with margin of 16.5% in Q3FY21. PAT grew by 88% yoy to Rs257cr with margin of 12.9% in Q3FY21. Net Debt declines by Rs384cr yoy to Rs612cr as on Dec 31, 2020. Order book of Rs13,329cr as on December 31, 2020.
JMC recorded highest quarterly revenue despite a challenging environment; revenue grew by 15% yoy to Rs1,066cr in Q3FY21. Core EBIDTA at Rs96cr with margin of 9.0% in Q3FY21. PAT of Rs26cr in Q3FY21 compared to Rs39cr in Q3FY20. Net Debt declined by 24% yoy to Rs661cr at end of Dec 2020 on back of good collections and efficient working capital. JMC received new orders of Rs760cr in Q4FY21 till date; L1 position of around of Rs750cr.
“KPTL and JMC delivered steady performance in Q3FY21 with improved turnover, stable margins and good order booking. We have also significantly reduced our net debt at standalone and consolidated level.
The acquisition of Fasttel in Brazil is in line with our strategy to strengthen our core EPC business and becoming local in few geographies. Fasttel helps us to make our entry into the high growth Brazilian power transmission and distribution market.
Our consolidated order book including L1 position of Rs31,382cr and good visibility across businesses makes us well positioned to capture the growth opportunities going forward,” Manish Mohnot, Managing Director & CEO, KPTL, said.