Kalpataru Projects International Limited (KPIL), a leading global infrastructure EPC company, announced its results for the quarter and nine months ended 31st December, 2024.
In Q3 FY25, the company reported a revenue of Rs 4,826 Crores, reflecting a 16 per cent year-on-year (YoY) growth. EBITDA also saw a significant increase of 17 per cent YoY, reaching Rs 402 Crores, with an EBITDA margin of 8.3 per cent. Profit before tax (PBT) grew by 12 per cent YoY to Rs 218 Crores, with a PBT margin of 4.5 per cent. Profit after tax (PAT) for Q3 FY25 increased by 9 per cent YoY, totaling Rs 157 Crores.
For the nine-month period (9M FY25), the company reported a revenue of Rs 12,684 Crores, an increase of 9 per cent YoY. EBITDA stood at Rs 1,064 Crores, higher by 10 per cent YoY, with an EBITDA margin of 8.4 per cent. PBT for 9M FY25 rose by 7 per cent YoY to Rs 565 Crores, maintaining a PBT margin of 4.5 per cent. PAT grew by 6 per cent to Rs 406 Crores during the nine-month period. As of December 31, 2024, the company’s net debt stood at Rs 1,820 Crores.
For Q3 FY25, the company reported a revenue of Rs 5,732 Crores, marking a 17 per cent year-on-year (YoY) growth, driven by strong execution and a robust order backlog. EBITDA increased by 13 per cent YoY to Rs 479 Crores, with an EBITDA margin of 8.4 per cent. Profit before tax (PBT) grew by 5 per cent YoY to Rs 202 Crores, with a margin of 3.5 per cent. Profit after tax (PAT) stood at Rs 140 Crores in Q3 FY25, slightly down from Rs 144 Crores in Q3 FY24.
For the nine-month period (9M FY25), the company reported a revenue of Rs 15,249 Crores, reflecting a 12 per cent YoY growth. EBITDA increased by 10 per cent YoY to Rs 1,296 Crores, with an EBITDA margin of 8.5 per cent. PBT rose by 8 per cent YoY to Rs 527 Crores, maintaining a margin of 3.5 per cent. PAT stood at Rs 349 Crores for 9M FY25, compared to Rs 347 Crores in the same period last year. As of December 31, 2024, the company's net debt was Rs 2,694 Crores.
The company has received additional new orders, including from international subsidiaries, amounting to Rs 820 Crores to date in Q4 FY25. Year-to-date (YTD) order inflows for FY25 stand at Rs 20,181 Crores, with an additional L1 position for over Rs 2,500 Crores. As of December 31, 2024, the order book grew by 19 per cent year-on-year (YoY), reaching Rs 61,429 Crores.
Manish Mohnot, MD & CEO, KPIL said, “We have delivered noteworthy performance in Q3 FY25, with consolidated revenue growth of 17 per cent, an EBITDA margin of 8.4 per cent, and YTD order inflows, including L1, exceeding Rs 22,600 crores. Our business profile remains well-diversified, with a record-high order book of Rs 61,429 crores, providing strong visibility for the coming quarters. We continue to focus on enhancing our capabilities, achieving operational excellence, and strengthening our competitive position, as reflected in our consistent and strong financial performance.
The recently announced Union Budget places strong emphasis on investments in power transmission, clean energy, water supply, urban mobility, new regional airports, and other key EPC segments. In this backdrop, we are well placed to seize upcoming opportunities and further strengthen our market position given our demonstrated capabilities in diverse EPC segments, strong balance sheet, and extensive global experience. Looking ahead, we remain committed to deliver consistent and profitable growth while maintaining a strong balance sheet thereby delivering long-term value for our stake holders.”
