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Kalpataru Power Transmissions Ltd.
Q4FY23 Quarterly & FY23 Yearly Result Announced for Kalpataru Power Transmissions Ltd.
Electric Utilities company Kalpataru Power Transmissions announced Q4FY23 & FY23 results:
- Standalone Q4FY23:
- Revenue was up by 23% YoY at Rs 4,396 crore in Q4FY23 compared to Rs 3,565 crore in Q4FY22
- EBITDA at Rs 425 crore in Q4FY23 with a margin of 9.7%
- PBT (before exceptional & ECL provision) is up by 41% YoY to Rs 280 crore with a margin of 6.4%
- Reported PAT at Rs 152 crore with a margin of 3.5%
- Net Debt declined by 18% QoQ to Rs 1,680 crore as of 31st March 2023
- Standalone FY23:
- Revenue grew by 16% YoY to Rs 14,337 crore
- EBITDA grew by 18% to Rs 1,278 crore; EBITDA margin of 8.9%
- PBT (before exceptional & ECL provisions) at Rs 801 crore, up by 21% YoY, with a margin of 5.6%
- Reported PAT at Rs 531 crore, up by 52% YoY
- Order Book as on 31st March 2023 at Rs 45,918 crore (including LMG and Fasttel); Additional L1 of Rs 4,000 crore
- Received new orders (including LMG & Fasttel) of Rs 25,241 crore for FY23,
- Received additional new orders of Rs 1,229 crore in months of April 2023 and May 2023; Order inflows of Rs 4,114 crore till date in FY24
- Consolidated Q4FY23:
- Revenue grew by 18% YoY to Rs 4,882 crore
- EBITDA was up by 46% YoY to Rs 440 crore; EBITDA margin stood at 9.0%
- PBT (before exceptional & ECL provision) at Rs 212 crore with a margin of 4.4%
- Reported PAT up by 22% YoY to Rs 140 crore
- Net Consolidated Debt at Rs 2,577 crore as of 31st March 2023
- Consolidated FY23:
- Revenue is up by 11% YoY to Rs 16,361 crore
- EBITDA increased by 17% at Rs 1,481 crore; EBITDA margin at 9.1%
- PBT (before exceptional & ECL provision) at Rs 662 crore, with a margin of 4.0%
- Reported PAT stood at Rs 435 crore, with a margin of 2.7%
- Revenue of LMG (Sweden) of Rs 1,002 crore and Fasttel (Brazil) of Rs 439 crore in FY23
Commenting on the results, Manish Mohnot, MD & CEO, KPTL said: “The performance for FY23 has been remarkable for the combined entity as we continued to accelerate profitable growth and build on our position as a leading player in the global EPC market. Our standalone revenue grew by 16% YoY to Rs 14,337 crore and PAT increased by 52% YoY to Rs 531 crore for FY23. Our order book including L1 is at an all-time high of around Rs 50,000 crore. Our focus will continue to accelerate growth while maintaining profitability and the strength of our balance sheet. Additionally in FY23, we have strengthened our capabilities by expanding civil business in international markets, adding large-size orders in T&D in India and international markets, and venturing into newer areas like airports, solar EPC, data centers, etc., this truly is the indisputable evidence of the strength and resilience of our diversified business model. All these initiatives are steps in the right direction to transform KPTL into a leading global EPC major with well-diversified capabilities in high-growth businesses and markets.
The growing need for infrastructure development and higher adoption of renewables has resulted in a strong business momentum as we have secured record order inflows in FY23. Business visibility in our T&D and civil businesses remains robust in both Indian and international markets, which gives us the confidence to further build on the growth in FY24 and beyond. We have a strong balance sheet and are continuously working on improving our working capital, return ratios, and project closures along with divesting our non-core assets.”
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