Q3 2025 Kalpataru Projects International Ltd Earnings Call Transcript
Key Points
- Kalpataru Projects International Ltd (BOM:522287) reported a robust revenue growth of 17% year-over-year for Q3 FY25, with a consolidated turnover of INR5,732 crores.
- The company achieved a record high order backlog of INR61,429 crores as of December 31, 2024, providing good visibility for future execution and growth.
- Significant improvement in net debt, which declined by 27% quarter-over-quarter to INR2,694 crores at the consolidated level.
- Strong performance in the T&D business with a growth of 42%, and the oil & gas segment reported a remarkable year-over-year growth of 123%.
- Successful participation in a Qualified Institutional Placement (QIP) issue, attracting marquee domestic and international investors, indicating strong market confidence.
- The water business faced challenges due to delayed payments from clients, impacting revenue targets and resulting in a cautious outlook for the short term.
- Higher net interest costs were observed during the quarter, attributed to capital deployment in the water business and growth in revenue.
- The depreciation of the Brazilian real impacted USD-denominated loans, affecting profitability in the Fasttel Brazil subsidiary.
- The railway segment continues to face execution challenges, particularly with a large project in Bangladesh, leading to a cautious outlook for growth in this segment.
- The EBITDA margin for subsidiaries, excluding the parent company, showed a decline, with Fasttel Brazil reporting negative PBT due to currency devaluation.
(Operator Instructions) I now hand the conference over to Ms. Bhoomika Nair from DAM Capital. Thank you, and over to you, ma'am.
Yes, good morning, everyone and a warm welcome to the Q3 FY25 earnings call of Kalpataru Projects International Limited. We have the management today being represented by Mr. Manish Mohnot, Managing Director and CEO; Mr. S. K. Tripathi Deputy Managing Director; Mr. Sanjay Dalmia, Executive Director; Mr. Amit Uplenchwar, Director, Group Strategy; and Mr. Ram Patodia, President Finance and CFO.
I'll now hand over the floor to Mr. Mohnot for his initial remarks, post which, we'll open up the floor for Q&A. Thank you, and over to you, sir.
Thank you, Bhoomika, and good morning, everyone and thank you for joining our earnings conference call for the quarter ended December '24. I will start with a quick update on
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
