New Delhi, Jul 29 (PTI) Kalpataru Projects International Ltd on Monday posted about 26 per cent decline in consolidated net profit to Rs 84 crore for the June 2024 quarter, dragged by higher expenses.
It had clocked a profit of Rs 113 crore in the year-ago period, the company said in a regulatory filing.
The company’s total income rose to Rs 4,609 crore from Rs 4,259 crore in the April-June period of FY 2023-24.
The expenses surged to Rs 4,472 crore during the quarter from Rs 4,094 crore a year ago.
In a separate statement, the company said its order book was at Rs 57,195 crore as on June 30, 2024.
This excludes orders worth Rs 838 crore the company bagged in July 2024.
“We have delivered a resilient performance in Q1FY25 despite lower manpower availability and delay in collections given typical seasonality and general elections.
“However, getting in Q2 FY25, we have started to see a moderation in working capital intensity with improving budgetary allocations,” Manish Mohnot, MD & CEO of KPIL, said.
KPIL is one of the largest specialised EPC companies engaged in power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban mobility (flyovers and metro rail), highways and airports. PTI ABI BAL ABI SHW
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