Kalpataru Projects Registers 26% Dip in Q1 Net Profit Amid Rising Expenses

Kalpataru Projects International Ltd reported a 26% decline in consolidated net profit for Q1 FY25, down to Rs 84 crore from Rs 113 crore a year ago. Despite a rise in total income to Rs 4,609 crore, higher expenses at Rs 4,472 crore impacted profits.

Kalpataru Projects International Ltd has reported a 26% drop in its consolidated net profit for the June 2024 quarter, falling to Rs 84 crore, attributable to increased expenses.

In the comparable period last year, the company recorded a profit of Rs 113 crore, as noted in its regulatory filing.

The company's total income for Q1 FY25 rose to Rs 4,609 crore, up from Rs 4,259 crore in the April-June period of FY 2023-24, while expenses surged to Rs 4,472 crore from Rs 4,094 crore a year earlier.

The company's order book stood at Rs 57,195 crore as of June 30, 2024, not including an additional Rs 838 crore in orders secured in July 2024.

Managing Director and CEO Manish Mohnot stated, "We have delivered a resilient performance in Q1 FY25 despite lower manpower availability and delay in collections given typical seasonality and general elections." However, he noted an improvement in working capital intensity heading into Q2 FY25.

KPIL is a leading EPC company involved in sectors such as power transmission, water supply, railways, and urban mobility.

(With inputs from agencies.)