The outstanding order book position of Kalpataru Power Transmission Ltd (KPTL) at Rs.38,550 crore, is at an all-time high.
An investor presentation filed by KPTL suggests that the company’s order book, as of September 30, 2022, stood at Rs.38,550 crore on a consolidated basis.
In the current fiscal year FY23 so far (till around November 10, 2022), KPTL received orders to the tune of Rs.14,388 crore that represents around 70 per cent of the target for the entire of FY23.
Besides, KPTL is at L1 position with respect to orders worth around Rs.6,000 crore. KPTL anticipates a bidding pipeline of Rs.1 trillion in the next few quarters, the investor presentation said.
The above discussion relates to the “consolidated” performance of KPTL, which includes its newly-merged JMC Projects (India) Ltd.
Standalone performance
For Kalpataru Power Transmission on a standalone basis, which is KPTL [including its overseas subsidiaries Fasttel (Brazil) and LMG (Sweden) but excluding JMC Projects], the outstanding order book, as of September 30, 2022, stood at Rs.18,856 crore. In addition, KTPL (standalone) currently has L1 status for mandates worth around Rs.4,300 crore.
The order inflow in FY23 so far (till around November 10, 2022) stands at Rs.6,889 crore that includes Rs.2,318 crore in Q2 of FY23 and Rs.938 crore in Q3 of FY23, till given date.
Of this Rs.6,889 crore of order inflow, power T&D accounted for 63 per cent, followed by railways with 20 per cent and oil & gas with 17 per cent. International mandates dominated the FY23 order inflow with a share of 61 per cent.
With respect to the order book position of Rs.18,856 crore, as of September 30, 2022, power T&D accounted for 67 per cent. Another 21 per cent came from railways and the residual 12 per cent from the oil & gas segment. Here too, international orders had a preponderant role with a 63 per cent share.
Also read: Kalpataru Power Transmission: Order Intake In FY23 Nudges Rs.7,000 Crore
Progress continues
Commenting on the results, Manish Mohnot, MD & CEO, KPTL, noted, “Despite the ongoing volatility and disruptions in the global business environment, we continue to make significant strides with order wins in focused business segments and key markets. Our order Book is at an all-time high of Rs.38,550 crore with YTD order wins of Rs.14,388 crore and L1 of over Rs.6,000 crore. We continue to progress on our key strategic priorities including the merger of JMC with KPTL, which will significantly enhance our market position. We will continue to prioritize divestment and restructuring of non-core businesses and assets.”
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