Kalpataru Projects Q1 FY25 Results: Road Boot Assets Daily Collections at Rs 63.6 Lakhs

Kalpataru Projects International has reported its performance for Q1 FY25, highlighting a notable increase in revenue from its Road BOOT (Build, Own, Operate, Transfer) assets. The company achieved an average daily collection of ₹63.6 lakhs for the quarter, up from ₹61.7 lakhs in Q1 FY24 and ₹60.3 lakhs in Q4 FY24.

Here's a breakdown of the year-over-year (YoY) performance for key projects:

• Brij Bhoomi Expressway Pvt Ltd: The average daily collections increased from ₹15.8 lakhs in Q1 FY24 to ₹19 lakhs in Q1 FY25.
• Wainganga Expressway Pvt Ltd: Collections rose from ₹23.7 lakhs in Q1 FY24 to ₹26.6 lakhs in Q1 FY25.
• Vindhyachal Expressway Pvt Ltd: The average daily revenue grew from ₹24.4 lakhs in Q1 FY24 to ₹25.8 lakhs in Q1 FY25.

As of June 30, 2024, the total investment in Road BOOT assets is ₹790 crores, which includes ₹25.4 crores invested in Q1 FY25. This growth underscores Kalpataru Projects' ongoing efforts to expand and improve its infrastructure projects.

Source: Here 

Kalpataru Projects Q1FY25 Results

Kalpataru Projects International Limited (KPIL), a prominent global infrastructure EPC company, has announced its financial results for Q1 FY25, ending June 30, 2024.Kalpataru Projects International with revenue up 8.2% YoY to ₹4,587 crores.

Financial Highlights:

Kalpataru Projects International reported solid financial performance for Q1 FY25, showcasing significant growth in revenue and order inflows. The company’s results reflect its strong position in the infrastructure sector and robust operational capabilities.

Consolidated Performance:

• Revenue:Increased by 8.2% year-over-year (YoY) to ₹4,587 crores, driven mainly by the power transmission & distribution (T&D) and buildings & factories (B&F) sectors.
• EBITDA: ₹378 crores with an 8.2% margin. The margin decline is attributed to changes in project mix and investments in resource expansion.
• PBT: ₹137 crores, representing a margin of 3.0%.
• PAT: ₹84 crores for the quarter.
• Net Consolidated Debt: ₹3,739 crores as of June 30, 2024.

Standalone Performance:

• Revenue: Up by 3% YoY to ₹3,722 crores, with slower growth due to delays in water sector collections.
• EBITDA: ₹314 crores with an 8.4% margin.
• PBT: ₹164 crores, with a margin of 4.4%.
• PAT: ₹117 crores, representing a 3.1% margin.
• Standalone Net Debt: ₹2,907 crores as of June 30, 2024.

Key Highlights:

The company achieved significant growth in its order book and new order inflows, reflecting robust performance in its T&D and B&F sectors.

• Revenue growth was supported by strong performance in T&D and B&F sectors, backed by a solid order backlog and diverse project portfolio.
• The company achieved consolidated and standalone EBITDA margins of 8.2% and 8.4%, respectively.
• Year-to-date order inflows reached ₹7,015 crores, with additional L1 positions totaling approximately ₹5,000 crores.
• The total order book stood at ₹57,195 crores as of June 30, 2024, marking a 21% YoY increase.
• New orders worth ₹838 crores were received in July 2024.

Commenting on the results, Mr. Manish Mohnot, MD & CEO, KPIL said: “We have delivered resilient performance in Q1FY25 despite lower manpower availability and delay in collections given typical seasonality and general elections.

However, getting in Q2 FY25, we have started to see moderation in working capital intensity with improving budgetary allocations. We are confident of achieving our targeted net working capital of below 100 days by end of FY25.

Further, we are pleased with the ordering momentum, which is reflected from the fact that in first four months of the FY25 itself, our order inflows including L1 has reached over Rs.12,000 Crores.

More importantly, most of the new orders secured are in the T&D and B&F business, which are at better margin and in-line with our focus to improve profitability going forward. With our strong order backlog, execution prowess and financial prudence, we are well-positioned to deliver the targeted annual revenue growth of 20% for FY25.”

Kalpataru Projects continues to show robust performance and growth, with strong momentum in its core businesses and a healthy order book.

Source: Here 

Kalpataru Projects

Kalpataru Projects International Ltd. (KPIL) is a leading global EPC company specializing in a wide range of infrastructure projects, including power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban mobility, highways, and airports.

With projects in over 30 countries and a presence in 74 countries worldwide, KPIL excels in its field due to its strong organizational capabilities, advanced technical expertise, and commitment to high sustainability standards.