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KPTL Q2 net profit up 68% to Rs37 crore

Business

Kalpataru Power Transmission Ltd, a leading EPC player in the power T&D sector has reported a hike of 63% in PBT, amounting to Rs49 crore for the second quarter ended September 2009. The revenue for the quarter has increased by 28% to Rs 553 crore and PAT as increased by 68% to Rs37 crore, as compared to the same quarter in the previous year.
For the half year ending September 09, the company reported an increase of 15% in revenue to Rs1040 crore, along with an 30% increase in PBT at Rs92 crore and a 33% increase in PAT at Rs 69 crore (as compared to the half yearly results of the previous year)
KPTL’s order book is at Rs5500 crore (excluding L1 orders), comprising overseas order book in the range of Rs 1800 crore. JMC Projects (India) Ltd, a company subsidiary reported PBT of Rs8.91 crore, with revenue of Rs313 crore in the current quarter.
For the half year JMC reported PBT of Rs17.96 crore on revenue of Rs605 crore. JMC’s order book is at Rs. 2500 crore as on September 30, 2009. Commenting on the results, Manish Mohnot, ED, KPTL said, “Our performance has continued to improve on a sequential basis, and we are on track to achieve a growth of 25% in the current financial year. Our increased order book also provides a reasonable estimate of similar growth in the next few years”.
 

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