Kalpataru Projects International (KPIL) has new orders/notification of awards of Rs  2,774 crore. The details of the aforesaid new orders are as follows: 'h - Orders in the Transmission & Distribution (T&D) business in overseas markets 'h - EPC project for Extension of Airport from Airports Authority of India (AAI) 'h - Design & Build project for residential building in IndiaPowered by Capital Market - Live

The company has bagged orders in transmission and distribution (T&D) business in overseas markets and secured an EPC order for extension of airport from Airports Authority of India (AAI). It has also secured an order for design & build project for residential building in India. Manish Mohnot, MD & CEO, KPIL, said, 'We are pleased with the continuous ordering momentum especially in our transmission & distribution (T&D) and buildings and factories (B&F) business. The prestigious order from Airports Authority of India (AAI) will mark our entry in the growing domestic airport sector and further diversifies our clientele. The orders in the T&D and B&F business have further enhanced our market position and significantly strengthen our order book, thereby improving the growth visibility for these businesses going forward. With the above order wins, our YTD order intake has reached around Rs 9,800 Crores and additionally we have a greater business visibility. We continue to focus on delivering sustainable growth and improved profitably going forward.' Kalpataru Projects International (KPIL) is part of the Kalpataru Group, a diversified conglomerate with interests in EPC and real estate. KPIL is involved in EPC segment mainly in power T&D segment, railway infrastructure and oil & gas infrastructure and has presence in 70 countries. KPIL has extended its reach in the European market through its subsidiary Linjemontagei Grastorp AB in Sweden and Latin America through its subsidiary Fasttel Engenharia Ltda in Brazil. The company's consolidated net profit fell 19.1% to Rs 93 crore on 8.2% increase in net sales to Rs 4,587 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

CRISIL Ratings stated that the ratings continue to be driven by the strong business risk profile of KPIL on the back of its established market position in the Transmission and Distribution (T&D) segment, diversification into other engineering, procurement and construction (EPC) segments and strong growth in order book. Outstanding consolidated orders worth Rs 57,195 crore as on 30 June 2024 provide a strong revenue visibility over the medium term. During the first quarter of fiscal 2025, standalone revenues saw a modest growth of 3% on-year owing to slower execution activity, while the reported standalone operating margins moderated from 8.7% to 8.4%, due to variation in project mix executed during the quarter and some additional one-off provisions towards project warranty. Further growth in operating level during the rest of fiscal 2025 and synergy benefits being realised from the amalgamation of JMC Projects (India) Ltd (JMC Projects) should help improve the margin further over the medium term. Financial risk profile is characterised by a rise in gross debt during fiscal 2024 to fund the high capital expenditure (capex) and increasing working capital requirement, while gearing (CRISIL Ratings -adjusted) improved slightly from 0.55 times as on 31 March 2023 to 0.53 times as on 31 March 2024. While gross debt temporarily increased further during the first quarter of fiscal 2025 given lower collections and delay in budgetary approvals due to the General Elections, steady leverage levels, coupled with improved profitability and cash accrual, should improve debt protection metrics over the medium term. Also, liquidity remains robust, supported by unencumbered cash and equivalent of more than Rs 600 crore and an undrawn bank limit of around Rs 500 crore as on June 30, 2024. The ratings continue to reflect the strong track record of KPIL in the transmission line tower (TLT) business, diversified revenue streams and healthy financial risk profile. These strengths are partially offset by large working capital requirement given the inherent nature of the EPC business, and exposure to subsidiaries and road SPVs (special-purpose vehicles). KPIL plans to divest few non-core assets including road projects, real estate project in Indore (Madhya Pradesh) and logistics business over near to medium term. Additionally, the company plans to expedite legacy project closures to improve its working capital cycle. Kalpataru Projects International is a leading player in the domestic T&D sector. The company undertakes turnkey contracts for setting up transmission lines and substations for extra-high-voltage power transmission. Over the years, it has diversified into civil contracts, railways, water, oil and gas and urban infrastructure projects. The scrip rose 0.74% to currently trade at Rs 1340.25 on the BSE. Powered by Capital Market - Live

Net profit of Kalpataru Projects International declined 19.13% to Rs 93.00 crore in the quarter ended June 2024 as against Rs 115.00 crore during the previous quarter ended June 2023. Sales rose 8.16% to Rs 4587.00 crore in the quarter ended June 2024 as against Rs 4241.00 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales4587.004241.00 8 OPM %8.249.01 - PBDT256.00285.00 -10 PBT137.00165.00 -17 NP93.00115.00 -19 Powered by Capital Market - Live

Kalpataru Projects International has received reaffirmation in credit ratings from CRISIL as under: Long Term Bank facilities - CRISIL AA/Stable Short Term Bank facilities - CRISIL A1+ Commercial Paper - CRISIL A1+ Non-Convertible Debentures - CRISIL AA/StablePowered by Capital Market - Live

Kalpataru Projects International will hold a meeting of the Board of Directors of the Company on 29 July 2024.Powered by Capital Market - Live