Kalpataru Projects International Ltd (KPIL) recorded its new all-time high order book of Rs.58,415 crore, as of March 31, 2024. The company’s order book, as of December 31, 2023, stood at Rs.51,753 crore, which was also the all-time high then.
In an investor presentation, KPIL said that its overall outstanding order book of Rs.58,145 crore, as of March 31, 2024, was the result of robust business activity in power T&D, oil & gas, and the civil construction business.
During FY24, KPIL recorded order inflow of Rs.30,022 crore that was up 19 per cent over the comparable level in FY23. Besides, Kalpataru Projects was L1 with respect to orders exceeding Rs.5,000 crore.
Momentous year
Commenting on the company’s performance, Manish Mohnot, MD & CEO, KPIL, said, “FY24 has been momentous year for KPIL. We have delivered robust performance, marking highest ever consolidated revenue, EBITDA and order book in our history, reaching Rs.19,626 crore, Rs.1,628 crore and Rs.58,415 crore, respectively. This achievement, coupled with our commitment to pursue profitable growth and efficiently manage our working capital, ensured we deliver stable margins, maintain prudent debt level and improve working capital cycle, underscoring our efficiency and agility.
As we move forward, we will continue to strengthen our position in the T&D and civil construction sector given the huge impetus on renewable energy and infrastructure development in India and globally. Our strong order book and diversified business mix gives us confidence to sustain growth momentum in FY25 and beyond.”
Power T&D business
Here are some operational highlights of KPIL with respect to the power T&D sector:
- Power T&D accounted for 37 per cent (or Rs.11,154 crore) of KPIL’s total order inflow in FY24.
- Of the company’s outstanding order book position of Rs.58,415 crore (as of March 31, 2024), power T&D had a share of 35 per cent, or Rs.20,678 crore in value terms.
- Revenues from the power T&D business were up 30 per cent in FY24 over FY23, led by robust execution and healthy order book.
- Order inflow from the domestic power T&D sector recorded a year-on-year growth of 47 per cent, reaching Rs.4,344 crore in FY24. Besides, KPIL is currently placed L1 for domestic power T&D orders worth over Rs.1,350 crore.
- LMG, KPIL’s subsidiary in Sweden, had an order book of Rs.2,062 crore, as of March 31, 2024. LMG has strengthened its presence in Sweden with the addition of new clients and improved capabilities in the substation business.
- Fasttel, KPIL’s subsidiary in Brazil, had an order book of Rs.1,479 crore, as of March 31, 2024.
- KPIL expects significant traction in T&D market fueled by rising adoption of renewables, increasing electrification and upgradation/ renewal of grid infrastructure. The company anticipates a strong tender pipeline of nearly Rs.1 trillion of projects to be awarded over next 24-30 months
Also read: Kalpataru Projects Wins New Orders Worth Over Rs.2,400 Crore
Featured photograph (source: KPIL) is for representation only.
