KPTL ACHIEVED NET PROFIT GROWTH OF 27%

JMC PROJECTS ACHIEVED REVENUE GROWTH OF 19%

KPTL & JMC WON NEW ORDERS IN EXCESS OF RS 1,500 CRORE

CONSOLIDATED ORDER BOOK IN EXCESS OF RS 12,400 CRORE

Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in power T&D sector has announced its results for quarter ended June 30, 2013. Below are the key highlights of the results

KPTL

Revenue for the quarter is Rs 889.6 crore as compared to Rs 699.4 crore in the corresponding quarter of previous year, an increase of 27%.

Earning Before Interest, Depreciation, Tax & Ammortisation (EBIDTA) excluding other income is Rs 92.0 crore as compared to Rs 72.8 crore in the corresponding quarter of previous year, an increase of 26%.

Profit before tax for the quarter is Rs 51.2 crore as compared to Rs 40.1 crore in the corresponding quarter of previous year, an growth of 28%.

JMC Projects

Revenue for the quarter is Rs 676.7 crore as compared to Rs 568.4 crore in the corresponding quarter previous year, an increase of 19%.
Earning Before Interest, Depreciation, Tax & Ammortisation (EBIDTA) excluding other income is Rs 32.5 crore as compared to Rs 27.3 crore in the corresponding quarter of previous year, an increase of 19%.
Profit before tax for the quarter is Rs 3.8 crore as compared to Rs 3.1 crore in the corresponding quarter of previous year, an growth of 21%.

Shree Shubham Logistics Ltd

Revenue for the quarter is Rs 65.1 crore as compared to Rs 37.9 crore in the corresponding quarter of previous year, an increase of 72%.
Earning Before Interest, Depreciation, Tax & Ammortisation (EBIDTA) excluding other income is Rs 9.4 crore as compared to Rs 5.1 crore in the corresponding quarter of previous year, an increase of 86%.
Profit after tax for the quarter is Rs 6.8 crore as compared to Rs 0.4 crore in the corresponding quarter of previous year, an increase of over 14 times.

Order Book

As on June 30, 2013, company has consolidated order book of above Rs 12,400 crore

KPTL has order book of over Rs 7,300 crore including new orders worth over Rs 1,130 crore received during the quarter
JMC Projects has order book of over Rs 5,100 crore including new orders worth over Rs 350 crore received during the quarter

Other Developments

Company has signed transmission agreement with MP Power Transmission Company Ltd (MPPTCL) to develop a transmission line BOOT project. The project scope involves designing, financing, construction, commissioning, operate, and maintenance of 240 kms of 400 KV Satpura - Ashta transmission line for the period 25 years with an extension of 10 years on annuity basis.
KPTL's subsidiary Shree Shubham Logistics Ltd has received Rs 80 crs from Tano India Private Equity Fund II to fund its capacity expansion plans.
Company's latest tower manufacturing plant with a capacity of 55,000 MTs p.a. at Raipur is operating at full load. Company plans to manufacture over 50,000 MTs in the current year i.e. first year of commercial operation.

Commenting on the results, Mr Manish Mohnot (Executive Director) said :

"Our first quarter results are in-line with estimates, with a decent growth in revenues along with a healthy margin. We have been successful in expanding our international order book which today accounts for more than 50% of KPTL's order book".

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