KPIL Delivers Record Annual Consolidated Revenue
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. Quarterly Performance (Q4 FY24 vs Q4 FY23) Revenue grew by 22% YoY to Rs5,971 Crores driven by healthy project execution EBITDA grew by 36% YoY to Rs452 Crores PBT grew by 103% YoY to Rs211 Crores in Q4 FY24 PAT up by 21% YoY to Rs169 Crores in Q4 FY24 Yearly Performance (FY24 vs FY23) Revenue for FY24 stands at Rs19,626 Crores, up 20% YoY EBITDA at Rs1,628 Crores higher by 19% YoY; EBITDA Margin at 8.3% for FY24 PBT at Rs701 Crores in FY24, up by 27% YoY PAT grew by 19% YoY to Rs516 Crores in FY24 Net Debt stand at Rs2,591 Crores as on 31st March 2024 Quarterly Performance (Q4 FY24 vs Q4 FY23) Revenue for Q4 FY24 stands at Rs5,147 Crores, up 17% YoY EBITDA up by 29% YoY to Rs400 Crores PBT Before Exceptional Items grew by 48% to Rs245 Crores PAT of Rs150 Crores in Q4 FY24 Yearly Performance (FY24 vs FY23) Revenue for FY24 stands at Rs16,760 Crores, up 17% YoY EBITDA at Rs1,366 Crores higher by 18% YoY; EBITDA Margin at 8.2% for FY24 PBT Before Exceptional Items at Rs774 Crores in FY24, up 13% YoY PAT at Rs533 Crores Net debt stands at Rs1,833 Crores as on 31st March 2024 Received new orders of Rs 849 Crores in FY25 till date Total order inflows in FY24 order inflows stands at Rs 30,022 Crores, up 19% YoY Order book at Rs 58,415 Crores as on 31st March 2024, an increase of 27% YoY; Additional L1 position of around Rs 5,000+ Crores Dividend: Proposed dividend of Rs8 per equity share i.e. 400% of face value of Rs2 per share for FY24. 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 Rs19,626 crore, Rs1,628 crore and Rs58,415 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.
Tags : Kalpataru Projects International Limited EPC EBITDA revenue Manish Mohnot KPIL civil construction renewable energy infrastructure