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Mumbai, October, 2007
Power packed performance of Kalpataru Power
Kalpataru Power Transmission Ltd., a global player providing EPC services for the Power T&D sectors, has shown a powerful performance by reporting 26% increase in the total revenue for the second quarter ended September 30, 2007 vis-à-vis corresponding period by achieving Rs. 3,852 Million revenue as against Rs. 3066 Million revenue in the same period of previous year.

The PBT has jumped by 21% to Rs. 450 Million as against Rs. 372 Million in the corresponding quarter. The PAT has also jumped by 18% to Rs. 321 Million as against Rs. 272 Million in the corresponding period of previous year.

For the 6 months period ended Sept 07, revenues rose 25% to Rs 7,645 million and Profit before tax rose by 25 % to Rs 965 Million.

Major Achievements of the Company:
  • Record order booking (including L1 positions) of above Rs. 33 Billion (USD 825 Million) as of date.
  • Key orders in this quarter include :
    • Single largest order, the first of its kind in Power Distribution Industry for feeder separation from Maharashtra State Electricity Distribution Company Ltd. worth Rs.9,970 Million (USD 250 Million).
    • GRTE Sonelgaz, Algeria for laying 400 KV Transmission Line Project worth Rs.1,550 Million (USD 39 Million).
    • An AfDB (African Development Bank) funded export contracts from Ethiopian Electric Power Corporation, Ethiopia and Electricity De Djibouti, Djibouti for construction of 230 KV and 63 KV Transmission Lines of Ethiopia-Djibouti Power Interconnection Projects worth Rs.1,580 Million (USD 41 Million).
    • Secured Spur Lines from Reliance Gas Transportation Infrastructure Ltd. having contract value of Rs.240 Million.
  • The Company is favorably placed in securing a Hydro BOOT project of 150 MW in Himachal Pradesh. The tender for this project was opened in the second week of October 07 and we are the highest bidder in the projects.
  • JMC Projects (India) Ltd, in which your company holds 52% stake has reported revenue of Rs. 1,860 Million (a rise of 61%) compared to Rs 1,160 Million and a profit before tax of Rs. 100 Million, a rise of 89%, as against Rs. 53 Million in the corresponding period of previous year.
  • For the 6 months period ended Sept 07, revenues rose 84% to Rs 3,672 million and Profit before tax rose by 105 % to Rs 184 Million.
  • JMC has an order book of approx Rs. 21 Billion including a mix of various factories & building, civil works for power projects, water pipelines and road projects.
 
Mumbai, July, 2007
Power packed performance of Kalpataru Power:

Kalpataru Power Transmission Ltd., a global player providing EPC services for the Power T&D sectors, has shown a powerful performance by reporting 23% increase in the total revenue for the first quarter ended June 30, 2007 vis-à-vis corresponding period by achieving Rs. 3.73 Billion revenue as against Rs. 3.03 Billion revenue in the same period of previous year.

The PBT has jumped by 28% to Rs. 515 Million as against Rs. 402 Million in the corresponding quarter. The PAT has also jumped by 28% to Rs. 371 Million as against Rs. 290 Million in the corresponding period of previous year.

Major Achievements of the Company:

  • The order backlog stood at in excess of Rs. 23 Billion as of date.
  • The Company has secured a 220/33 KV Transmission line contract from Abu Dhabi Water and Electricity Authority, Abu Dhabi worth USD 28 Million in June 2007.
  • The Infrastructure/ Pipeline division has secured 24”, 427 Kms in Madhya Pradesh of the Vadinar-Bina Pipeline Project from Bharat Oman Refinery Ltd. having estimated contract value of Rs.1.40 Billion.
  • JMC Projects (India) Ltd. in which your company holds 52% stake has reported revenue of Rs. 1.8 Billion (a rise of 117%) compared to Rs. 0.83 Billion and a profit before tax of Rs. 84 Million as against Rs. 36 Million in the corresponding period of previous year. Their was an extraordinary write off of Rs 30 million in respect of arbitration award in respect of outstanding receivable from a Client. Also 6,00,000 shares have been granted under ESOP 2007 scheme to employees at Rs 217 per share, with a vesting period of 4 years.
  • JMC has an order backlog in excess of Rs. 18 Billion, up from Rs. 13 billion, including a mix of various building, water pipeline and road projects.
 
Mumbai, May, 2007
Power packed performance of Kalpataru Power:
Kalpataru Power Transmission Ltd., a leader in EPC Contracting and Infrastructure services, has shown a powerful performance by reporting 80% increase in the gross turnover for the financial year 2006-07 to Rs.15,670 Million (USD 390 Million) from Rs.8,712 Million (USD 217 Million). The PBT is Rs.2,167 Million (up by 130%) for the year against Rs.944 Million in the previous year and PAT is Rs.1,580 Million (up by 138%) against Rs 665 Million for the previous year.

The Board recommended an annual dividend of 75% as compared to 50% in the previous year. EPS for the year was Rs. 65.32 per share as compared to Rs. 30.63 in previous year.

For the fourth quarter ending March 07, the gross turnover rose by 43% and was Rs.5,304 Million (USD 132 Million) from Rs.3717 Million (USD 92 Million). The PBT for the quarter is Rs.867 Million (up almost 100%) for the year against Rs.435 Million in the previous year and PAT is Rs.643 Million (up by 106%) against Rs 312 Million for the previous year.

Major Achievements of the Company:
  • Order backlog (including L1 bids) is approx Rs.23000 Million (USD 575 Million).
  • Exports (including overseas project) for the year has constituted over 25% of total turnover, at an all time high of Rs. 4000 Million (USD 100 Million). The company continues to expand its global footprint and currently undertaking turnkey projects in Algeria, Ethiopia, Kenya, Tanzania, Zambia, Nepal, Philippines & Qatar.
  • During the year, the company made its first break through in rural electrification / distribution projects in Africa with its first project in Kenya.
  • The Company has also successfully entered the North American markets with securing its first tower supplies order directly to a North American Power Utility.
  • The Infrastructure/ Pipeline division had distinction of completing three projects successfully. After the successful completion of Mumbai – Manmad – Mangliya pipeline (16” & 8”, 442 km for BPCL), Vijaypur Kota pipeline (18”, 110 km for GAIL) and the company is on verge of completion of its prestigious Panvel – Dhabol pipeline (30”, 74 km for GAIL).
  • The company has acquired 65% equity stake in Shree Shubham Logistics Ltd, engaged in Warehousing activities in the state of Rajasthan. The company has planned to invest approximately Rs 500 Million to focus on scaling up its Logistics operations in a phased manner.

About JMC Projects : From turnaround performance to growth

  • JMC Projects (India) Ltd. in which your company holds 52% stake has reported total revenue of Rs.5,000 Million (annualized rise of 76%) and a profit before tax of Rs.252 Million as against Rs.22 Million in the reporting period (for 6 months). PAT for full year was Rs 159 million.
  • EPS for full year was Rs.12.70 per Equity share of Rs.10/- each.
  • JMC order backlog is above Rs. 12,000 Million (USD 300 Million) comprising of multiple Factories & Building and Roads & Bridges projects across the country
  • JMC has entered into new strategic areas of business- firstly Civil works for Power projects, in which company has secured multiple jobs from BHEL, L&T (at IOCL, Panipet) and civil works for Coal Handling plant at Dadri (NTPC). It has also made a break through in the Water pipeline segment with first job in Ahmedabad with further more jobs expected shortly, mostly projects funded by ADB, World Bank & / or JNURM.
 

Click here for the Kalpataru Power Transmission Ltd. - Q4 & Annual (06-07) Financial Results

Click here for the JMC Projects (India) Ltd. - Q4 (06-07) Financial Results
 
Mumbai, January, 2007
Crossing the Rs. 10 Bn historic landmark:

Kalpataru Power Transmission Ltd., a global EPC player in the Power T&D sectors, has crossed the landmark turnover of over Rs.10 Billion (USD 225 Mn) for the 9 months ended 31st December, 2006 with a net profit of over Rs.950 Million.

The Company has achieved total revenue of Rs.3.94 Billion during the 3rd Quarter, an increase of 86% vis-à-vis corresponding period revenue of Rs.2.13 Billion. The Profit before Tax has jumped by 127% to Rs.526 Million as against Rs.232 Million in the corresponding quarter. The Profit after Tax has also jumped by 139% to Rs.388 Million as against Rs.162 Million in the corresponding period of previous year.

The Company has achieved the highest ever PBT of Rs.1.30 Billion and PAT of Rs.950 Million for the first 9 months of the current year which shows an increase of 156% and 170% rise respectively as compared with the corresponding period of last year.

EPS for the 9 months ended Dec 06 was Rs 39.60 vis a vis Rs.16.22 for previous 9 months.

Due to conversion of warrants into equity shares, the shareholding in JMC Projects (India) Ltd is expected to cross 50% in Feburary 07.

Major Achievements of the Company:

  • Order backlog remains above Rs.20 Billion (USD 450 Million).
  • The Company has secured 220 KV Transmission Line package from Nepal Electricity Board, Nepal, funded by World Bank worth USD 9 Million.
  • The Company has made an successful foray into International rural distribution projects in Kenya by securing orders from Kenya Power & Lighting Co. Ltd., Kenya worth approx. USD 4 Million. The Company is further expecting Rural Distribution and Transmission Jobs from the African markets.
  • JMC Projects (India) Ltd. has reported total revenue of Rs. 3.37 Billion (a rise of 90%) and a profit before tax of Rs. 160 Million (compared to a loss of Rs.3.9 Million) for the 9 months ended 31st December, 2006. JMC has an order backlog in excess of Rs 10 Bn.
  • The company has decided to exercise its option to convert its warrants into 1166352 Equity Shares at Rs 152 per Equity Share, thereby the shareholding of the Company in JMC Projects (India) Ltd. is expected to exceed 50% in feb 07.
  • The Company has also decided to further subscribe to 11,00,000 Optionally Convertible Preference Shares, convertible into Equity Shares after 1st June 07 but before the expiry of 18months from date of issue, at Rs. 202 each on a preferential allotment basis, as Promoters of JMC Projects(India) Ltd, subject to the necessary statutory approval and shareholders approval to be obtained by JMC Projects(India) Ltd.

Click here for the Kalpataru Power Transmission Ltd. - Q3 Results

Click here for the JMC Projects (India) Ltd. - Q3 Results
 
 
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