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Kalpataru Projects International (KPI) reported a Q3 FY24 net profit of INR 139.59 crore, a 3% decline year-on-year, despite a 17% revenue growth to INR 5,742.76 crore. The company secured INR 820 crore in new orders in Q4, pushing its total order book to INR 61,429 crore, up 19% YoY. KPI reappointed Manish Mohnot as MD & CEO for three years, pending shareholder approval. The company, active in 75 countries, faces a net debt of INR 2,694 crore but remains focused on infrastructure growth across power transmission, water supply, and urban mobility.
Kalpataru Projects International (KPI) has announced its financial results for the quarter ending December 2024, revealing a slight decline in consolidated net profit. The company reported a net profit of INR 139.59 crore, down 3% from INR 144.07 crore in the same quarter last year. Despite this dip in profit, KPI's total income increased significantly, rising to INR 5,742.76 crore compared to INR 4,909.95 crore in the previous year, marking a 17% growth. Advertisement
In a recent board meeting, the company also made key decisions regarding its leadership. Manish Mohnot has been re-appointed as the Managing Director and CEO for another three years, starting from April 1, 2025. This decision is pending approval from the shareholders. Additionally, Deepak Sharma has been promoted to Senior Management Personnel, reflecting the company's commitment to strengthening its leadership team.
KPI's performance in the third quarter has been highlighted by a solid rise in order inflows, with year-to-date totals exceeding INR 22,600 crore. The company has also secured new orders worth INR 820 crore in the fourth quarter alone, indicating a strong demand for its services. The order book has expanded by 19% year-on-year, now totaling INR 61,429 crore as of December 31, 2024. This growth underscores the company's robust position in the market, especially in sectors such as power transmission, water supply, and urban mobility.
Despite the positive revenue growth, the company's net debt stands at INR 2,694 crore. Managing this debt will be crucial as KPI continues to expand its operations globally. The company is currently involved in projects across over 30 countries and maintains a presence in 75 countries worldwide, showcasing its extensive reach in the engineering, procurement, and construction (EPC) sector.
As KPI moves forward, it remains focused on leveraging its strengths in various sectors, including oil and gas pipelines and railway infrastructure. The company aims to maintain its competitive edge by continuing to innovate and adapt to changing market conditions. With strategic leadership in place and a growing order book, Kalpataru Projects International is poised for further growth in the coming years.
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