Kalpataru Projects International Ltd. Announces Q4 & FY24 Results
Kalpataru Projects International Limited (KPIL), a leading global infrastructure EPC company, announced its results today for the fourth quarter and the Full Year ended 31st March, 2024.
CONSOLIDATED FINANCIAL HIGHLIGHTS
Quarterly Performance (Q4 FY24 vs Q4 FY23)
·Revenue grew by 22% YoY to ₹5,971 Crores driven by healthy project execution
·EBITDA grew by 36% YoY to ₹452 Crores
·PBT grew by 103% YoY to ₹211 Crores in Q4 FY24
·PAT up by 21% YoY to ₹169 Crores in Q4 FY24
Yearly Performance (FY24 vs FY23)
·Revenue for FY24 stands at ₹19,626 Crores, up 20% YoY
·EBITDA at ₹1,628 Crores higher by 19% YoY; EBITDA Margin at 8.3% for FY24
·PBT at ₹701 Crores in FY24, up by 27% YoY
·PAT grew by 19% YoY to ₹516 Crores in FY24
·Net Debt stand at ₹2,591 Crores as on 31st March 2024
STANDALONE FINANCIAL HIGHLIGHTS
Quarterly Performance (Q4 FY24 vs Q4 FY23)
·Revenue for Q4 FY24 stands at ₹5,147 Crores, up 17% YoY
·EBITDA up by 29% YoY to ₹400 Crores
·PBT Before Exceptional Items grew by 48% to ₹245 Crores
·PAT of ₹150 Crores in Q4 FY24
Yearly Performance (FY24 vs FY23)
·Revenue for FY24 stands at ₹16,760 Crores, up 17% YoY
·EBITDA at ₹1,366 Crores higher by 18% YoY; EBITDA Margin at 8.2% for FY24
·PBT Before Exceptional Items at ₹774 Crores in FY24, up 13% YoY
·PAT at ₹533 Crores
·Net debt stands at ₹1,833 Crores as on 31st March 2024
ORDER INTAKE & ORDER BOOK
·Received new orders of ₹ 849 Crores in FY25 till date
·Total order inflows in FY24 order inflows stands at ₹ 30,022 Crores, up 19% YoY
·Order book at ₹ 58,415 Crores as on 31st March 2024, an increase of 27% YoY; Additional L1 position of around ₹ 5,000+ Crores
Dividend:
·Proposed dividend of ₹8 per equity share i.e. 400% of face value of ₹2 per share for FY24.
Management Comments
Commenting on the results, Mr. Manish Mohnot, MD & CEO, KPIL said:
“FY2023-24 has been momentous year for KPIL. We have delivered robust performance, marking highest ever consolidated revenue, EBITDA and order book in our history, reaching ₹19,626 crore, ₹1,628 crore and ₹58,415 crore, respectively. This achievement, coupled with our commitment to pursue profitable growth and efficiently manage our working capital, ensured we deliver stable margins, maintain prudent debt level and improve working capital cycle, underscoring our efficiency and agility.
Simultaneously, we have made strategic inroads in numerous large size orders for oil & gas, underground metro tunnelling, airport, data center, design-build B&F projects and T&D projects in both domestic and international markets. This is a testament to our consistent focus on strengthening execution capabilities, build diversified and resilient business mix and improve our market position in high growth EPC businesses.
As we move forward, we will continue to strengthen our position in the T&D and civil construction sector given the huge impetus on renewable energy and infrastructure development in India and globally. Our strong order book and diversified business mix gives us confidence to sustain growth momentum in FY25 and beyond.”
