Investor''s/Analyst Presentation for the quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
Kalpataru Projects International (KPIL) reported its highest-ever consolidated revenue of ₹22,316 crore in FY25, up 14% year-on-year, with EBITDA at ₹1,834 crore (margin 8.2%) and PBT at ₹823 crore (margin 3.7%). Standalone performance was even stronger, with PAT growing 22% YoY to ₹648 crore. The company ended FY25 with a record order book of ₹64,495 crore (+10% YoY), driven by strong wins in T&D (57% of inflows) and B&F (32%). Segments like Oil & Gas surged 114% YoY on the Saudi Aramco project, while Water business declined 35% due to delayed payments. Net debt fell sharply to ₹1,953 crore (from ₹2,591 crore), the lowest in recent years, supported by QIP proceeds and working capital improvement. ROCE improved to 17.3%, and AA/Stable credit rating was reaffirmed.
Strong all-round performance with record order book, healthy margins, and significant debt reduction is positive for shareholders. Continued execution momentum and pipeline visibility across T&D, B&F, and Oil & Gas should support further growth, while planned divestments could unlock additional value.