Kalpataru Projects International Limited (KPIL) reported stellar financial performance for Q4 FY24 and FY24. Revenue grew 22% YoY in Q4 and 20% in FY24, while EBITDA surged 36% and 19% respectively. Profit figures (PBT and PAT) also witnessed significant YoY growth. With a strong order book of INR 58,415 crores, up 27% YoY, and new orders worth INR 30,022 crores in FY24, KPIL is well-positioned for future growth. The company proposed a dividend of INR 8 per share and plans to strengthen its position in T&D and civil construction, leveraging the infrastructure push in India and globally.
Kalpataru Projects International Limited (KPIL), a global infrastructure EPC company announced its financial results for the fourth quarter and the full year ended 31st March, 2024. The company's performance showcased robust growth and operational excellence, setting new records across several key metrics.
On a quarterly basis KPIL witnessed a remarkable 22% (YoY) increase in revenue, reaching INR 5,971 crores, driven by healthy project execution. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by an impressive 36% YoY to INR 452 crores. Furthermore, KPIL's Profit Before Tax (PBT) soared by 103% YoY to INR 211 crores in Q4 FY24, while the Profit After Tax (PAT) rose by 21% YoY to INR 169 crores. On an annual basis KPIL's revenue for FY24 stood at INR 19,626 crores, reflecting a 20% YoY growth. The company's EBITDA increased by 19% YoY to INR 1,628 crores, with an EBITDA margin of 8.3% for FY24. The PBT witnessed a 27% YoY surge, reaching INR 701 crores in FY24, while the PAT grew by 19% YoY to INR 516 crores. KPIL's net debt stood at INR 2,591 crores as of 31st March 2024. KPIL reported impressive order inflows, with new orders worth INR 849 crores received in FY25 till date. The total order inflows in FY24 stood at INR 30,022 crores, up 19% YoY. The company's order book as of 31st March 2024 stood at INR 58,415 crores, representing a 27% YoY increase. Additionally, KPIL has an additional L1 position of around INR 5,000+ crores. The company proposed a dividend of INR 8 per equity share, representing 400% of the face value of INR 2 per share for FY24.
Mr. Manish Mohnot, MD & CEO of KPIL emphasised on the company's remarkable performance in FY2023-24. He highlighted the achievement of highest-ever consolidated revenue, EBITDA, and order book, demonstrating KPIL's commitment to profitable growth, efficient working capital management, and maintaining a prudent debt level. The company's strategic inroads in numerous large-size orders across sectors such as oil & gas, underground metro tunnelling, airports, data centres, design-build projects, and transmission and distribution (T&D) projects in both domestic and international markets. He attributed this success to KPIL's consistent focus on strengthening execution capabilities, building a diversified and resilient business mix, and improving its market position in high-growth EPC businesses. Looking ahead, Mohnot expressed confidence in sustaining the growth momentum in FY25 and beyond, driven by the strong order book and diversified business mix.
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