KPTL Announces Q3 FY21 Results, Reports PAT of Rs 308 Crore

KPTL has reported revenue growth of 11% YoY to Rs 3501 crore in Q3FY21, and a strong PAT growth of 132 percent YoY to reach Rs 308 crore.

Kalpataru Power Transmission Limited (KPTL) has issued its financial results for the quarter ended December 31, 2020, reporting revenue growth of 11 percent YoY to Rs 3501 crore in Q3FY21. With the increased revenue the firm also posted a strong Profit After Tax (PAT) growth of 132 percent YoY to reach Rs 308 crore with a margin of 8.8 percent in Q3FY21.

The firm has also reported that KPTL’s standalone net debt declined by 39 percent YoY to Rs 612 crore and consolidated net debt declined by 36 percent YoY to Rs 2,343 crore as on December 31, 2020. YTD FY21, the received orders are worth R.13,744 crore; L1 position of around Rs 3850 crore.

The firm also stated that new orders received by KPTL were for Rs 835 crore and that for its subsidiary JMC Projects orders were received for Rs 760 crore in Q4FY21 to date.

For standalone results, KPTL reported:

• Revenue of Rs 1,993 crore in Q3FY21 compared to Rs 1,979 Crore in Q3FY20
• Core EBITDA at Rs 207 crore with a margin of 10.4 percent in Q3FY21
• PBT after exceptional items grew by 84 percent Y-o-Y to Rs 328 crore with a margin of 16.5 percent in Q3FY21
• PAT grew by 88 percent Y-o-Y to Rs 257 crore with a margin of 12.9 percent in Q3FY21
• Net Debt declines by Rs 384 crore Y-o-Y to Rs 612 crore as on December 31, 2020
• Order book of Rs 13,329 crore as on December 31, 2020
• Received new orders of Rs 835 crore in Q4FY21 till date (Including Linjemontage Sweden); L1 position of around Rs 3,100 crore
• YTD FY21 order inflows including L1 at around Rs 9,360 crore.

Commenting on the results, Manish Mohnot, Managing Director & CEO, KPTL said “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 a 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 Rs 31,382 crore and good visibility across businesses makes us well-positioned to capture the growth opportunities going forward.” KPTL PAT Rs 308 Crore