KPTL’s Financial Results Q4 2020-21 Out; INR 187 Cr Consolidated Profit

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Leading global infrastructure EPC company Kalpataru Power Transmission Ltd (KPTL) yesterday released its financial results for the fourth quarter ended March 31, 2021, reporting multifold jump in consolidated net profit at Rs 187 crore due to higher revenues.

While the total income in the quarter was Rs 4,104 crore as opposed to Rs 3,540 crore in the same period a year ago, the consolidated net profit of the company in 2020-21 rose to Rs 662 crore from Rs 390 crore in 2019-20. Total income in the year came up to Rs 13,016 crore as compared to Rs 12,720 crore in the same period last year. Revenue grew marginally by 1% YoY to Rs.2,337 crores. EBITDA was Rs.243 crores with margin of 10.4%. PBT grew by 9% YoY to Rs.201 crores; PBT margin of 8.6%. PAT grew by 21% YoY to Rs.130 crores; PAT margin of 5.6%

Some other highlights of the annual financial results (2020-2021) include: highest ever consolidated revenue of Rs.12,949 crores in FY20-21; record annual consolidated PBT of Rs.945 crores, YoY growth of 46%; record annual consolidated PAT of Rs.662 crores, YoY growth of 70%; consolidated Net Debt declines by 33% YoY to Rs.2,304 crores; consolidated order book including L1 at all-time high of Rs.30,200 crores; expanded presence in 5 new countries; global footprints in 62 countries.

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The company’s board held a meeting yesterday, recommending final dividend of Rs 1.5 per equity share of face value of Rs 2 each for 2020-21.

Manish Mohnot, MD & CEO, KPTL, said, “Despite the disruptions, we continue to execute projects globally with broad-based momentum across all our businesses. Our priority remains for health and wellness of all our employees and their families.” He added that even though the year 2020-21 was a challenging year for their business, given the pandemic and mounting commodity pricing pressure, they overcame the challenge and delivered a resilient performance backed by steady revenues, healthy profitability, reduced debt levels, strong order booking, favourable progress on divestment of long-term assets and scaling-up our international business.

“Despite pandemic, we completed transfer of two of our T&D BOOT assets, completed acquisition of Fasttel (Brazil) and have made considerable progress on restructuring of Road BOOT assets,” he said. In line with the company’s capital allocation strategy, KPTL completed the share buyback programme of Rs 176 crore and paid dividend of Rs 10 per share (including the final dividend of Rs.1.5 per share) thereby creating value for the shareholders in 2020-21.

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