Kalpataru Power sees 15-20% revenue growth in FY19

ksenia kondratieva Mumbai | Updated on May 30, 2018

Engineering and EPC company Kalpataru Power Transmission (KPTL) is looking at 15-20 per cent growth in revenue in the current financial year as it expects public investments in power transmission, oil&gas sector as well as railway infrastructure to continue growing.

“The investments in transmission sector will increase and the growth can easily be at the range of 15-20 per cent. The railway sector which is a big growth driver for the government and for us, we could see a 25-30 per cent growth, the same goes for oil and gas pipelines, considering the capex declared by all the PSUs,” Manish Mohnot, Managing Director & CEO of Kalpataru Power Transmission Limited (KPTL), told BusinessLine.

“In the next two years, I don't see a challenge in achieving a revenue growth of 15-20 per cent,” he added.

The company last week reported a standalone net profit of ₹104 crore for the quarter ended March, 2017. Its revenue for the quarter stood at ₹1,931 crore, up by 27 per cent from the same period a year ago. For FY18, company’s standalone net profit was up by 22 per cent to ₹322 crore and the revenue stood at ₹5,778 crore. Company’s listed subsidiary JMC Projects reported a nearly double growth in standalone net profit for the March quarter at ₹34.3 crore, against ₹16.3 crore in the same quarter last year.

KPTL’s order book at the end of FY18 stood at ₹12,404 crore while on the consolidated level, the company’s order book is around ₹20,000 crore.

Significant portion of our growth has come from transmission and railways & pipeline division, Mohnot said adding these were mainly domestic orders. “Railways & pipeline division used to account for around 10-15 per cent in the total revenue, in FY18 it was 20 per cent. And we target this to grow beyond 30 per cent in FY19”.

According to Mohnot, the company is looking at capex of around ₹300 crore in FY19. This will be financed internally, he added, including through non-core asset monetization program of up to ₹.500 crore spread over the next two years. The company is planning to unlock investments in two real estate assets in Thane and Indore.

Published on May 30, 2018

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