Shares of Kalpataru Projects International fell nearly 4% on November 13, even after the company announced securing new projects worth Rs 2,273 crore. These new contracts span the transmission and distribution (T&D) sector and residential building projects in India, bringing the company’s total order inflow this year to Rs 14,100 crore.
Recent Project Wins and Growth Highlights
Continuation of the strengthening of order intake in KPIL’s core sectors; around 56% of the new projects continue to be rooted in the T&D business. The company is expanding its positioning in the Buildings & Factories segment, driven by the additional residential construction contracts.
Despite those developments, the stock slid on broader market weakness to trade at Rs 1,199.80 on the NSE, down around 3% by 1:52 pm.
Q2FY25 Performance Recap
- Net Profit: Rs 125.6 crore, up 39.7% YoY
- Revenue: Rs 4,930 crore, a 9.1% increase YoY
- EBITDA: Rs 438.3 crore, up 83.8% YoY
Kalpataru Projects has delivered a 67% rise in its stock value this year, far outpacing the Nifty’s 9% gain. Over the past 12 months, the stock has jumped 82%, while the Nifty index saw a 22% increase during the same period.
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Source: Moneycontrol
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