Kalpataru Projects International: Cumulative FY25 order inflows cross Rs.7,000 crore

The cumulative order inflow of Kalpataru Projects International Ltd (KPIL) in FY25 so far has crossed Rs.7,000 crore.

According to a KPIL investor presentation, the company witnessed cumulative order inflow of Rs.7,015 crore in FY25 – from April 1, 2024 to July 29, 2024.

The order inflow in Q1FY25 (April 1, 2024 to June 30, 2024) was Rs.3,182 crore. Significantly, the order inflow during the period July 1, 2024 to around July 29, 2024 (representing less than a month of Q2FY25) was higher at Rs.3,833 crore.

KPIL’s outstanding order book, as of July 29, 2024, was Rs.57,195 crore. Besides, the company was placed L1 in orders aggregating around Rs.5,000 crore.

 

Power T&D

Kalpataru Projects International witnessed a 32 per cent year-on-year growth in revenue from power T&D business in Q1FY25.  This growth was driven by healthy order backlog given improved business visibility.

In Q1FY25, the power T&D business secured orders worth Rs.3,377 crore in India, Europe and Middle East. Additionally, the company was placed L1 with respect to power T&D-related orders worth around Rs.4,000 crore.

LMG – Kalpataru’s subsidiary in Brazil – reported its highest quarterly turnover of Rs.449 crore in Q1FY25, with record order inflows of around Rs.1373 crore. Similarly, Fasttel – the company’s subsidiary in Sweden — reported revenue of Rs.230 crore with focused progress on closure of legacy orders.

Of KPIL’s FY25 year-to-date (YTD) order inflow of Rs.7,015 crore, the power T&D segment accounted for 48 per cent.

The power T&D segment had a share of 36 per cent (or Rs.20,597 crore in value terms) in the company’s outstanding order book of Rs.57,195 crore, as of July 29, 2024.

 

Prospects for power T&D

Regarding the market outlook for power T&D, the KPIL presentation said that there was significant traction in the power T&D market fueled by rising adoption of renewables, increasing electrification and upgradation/ renewal of grid infrastructure. KPIL anticipated a tender pipeline  of nearly Rs.4.8 trillion of projects to be awarded between FY23 and FY27

The presentation also noted that there was significant uptick in power T&D capex in Latin America, Europe, MENA and Africa where grid investment would reach $175 billion by 2030.

Also read: Kalpataru Projects International wins new orders worth over Rs.2,300 crore