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Kalpataru Power Transmission has announced the results for the
year ending 31st March 2008 with a growth of 13% on
gross revenues, amounting to Rs.17.68 Billion (USD 442
Mn). The company has reported a slight increase in
EBIDTA to Rs 2.63 Billion (USD 65 Mn) as compared to
2.61 Billion in the previous year. The company has
shown a reduction in net profit after tax to Rs.1.50
Billion, as compared to Rs 1.6 Billion in the previous
year, primarily due to increased competition in
transmission projects, higher interest cost and
volatile commodity prices. The company has reported a
PBT margin of 12%, which is better than the industry
standards.
On a consolidated basis (KPTL + JMC) the company has
reported revenue of Rs.27 Billion (USD 675 Mn) and
consolidated net profit after tax of Rs.1.80 Billion (USD
45 Mn) for the year 2007-08, which is a growth of 65%
on revenue and 10% on profits as compared to previous
year.
Kalpataru Power is adding more capacity and countries
to continue its growth momentum. The Company plans to
further increase tower manufacturing capacity by 24000
MTs p.a, which will be operational from September 08
at its main plant at Gandhinagar, making it among the
largest tower manufacturing capacity at single
location in the world. Post addition, the capacity of
the company would be 108,000 MTs per annum. The
Company has forayed into the fast growing Telecom
sector for turnkey jobs, with some success from BSNL &
private sector telecom players.
In last one year KPTL made break through for tower
exports in developed countries like USA and Canada by
securing orders from power utilities for supply of
transmission towers. The International Division
continues to focus on emerging markets and consolidate
its presence in Africa, Middle East and South East
Asia. The Company will strive for a healthy mix of
international and local orders to ensure the optimum
mix of risk and profitability.
The company’s present order book position (including
L1) stood in excess of Rs. 34 Billion (USD 850 Mn) and
consolidated order book of the group (KPTL and JMC) is
in the range of Rs. 59 Billion (USD 1.47 Bn). The
company enjoys a healthy mix of variable priced and
fixed price contracts.
KPTL is executing the largest feeder
separation/distribution works for MSEDCL worth Rs 10
Billion and the company is on track to complete the
execution in the defined time frame. The
Infrastructure/Pipelines division has grown in excess
of 20% over the last one year with revenues of Rs1.8
Billion (USD 45 Mn) as compared to Rs 1.45 Billion in
the previous year.
KPTL expects a growth of at least 25% for the next
year in its existing business segments. On a
consolidated basis (KPTL + JMC) the company expects a
growth of atleast 35% for the next year. To explore
further growth the company is looking for
opportunities in other infrastructure areas like Power
Generation, Airports, Railways and BOT for
infrastructure projects.
JMC Projects (India) Limited
JMC Projects, held 52% by KPTL, has shown a robust
growth of 83% on gross revenues with revenues of Rs
9.18 Billion (USD 230 Mn) as compared to previous year
and 89% growth on PBT with PBT of Rs 0.47 Billion as
compared to last year. Besides consolidating its
presence in the Factories & Buildings (F&B) sector,
JMC has also achieved success into new sectors such as
civil construction for power plants, water pipelines &
sewerage sector and infrastructure projects.
It has secured large orders from BHEL, NTPC, Alstom
and Reliance/ADAG group in the power sector and
multiple funded orders from Municipalities of
Ahmedabad, Bhopal and Indore for Water & Sewerage
sector and from NHAI, MPRDC and Pune Municipality in
Road & Bridge sector. In the F & B sector JMC won
large orders from Jaypee Greens, Thyagraj Satdium,
Sabarmati River Front, Boxtrans Logistics, Vedanta
Aluminium, Wipro, RGA Software, Pritech, etc.
Shubham Logistics
Shubham Logistics Ltd, a 75% subsidiary of KPTL, has
forayed into warehousing and agriculture logistics
parks at various strategic locations in Western India
at initial investment commitment of Rs. 1 Billion. The
Company expects to have presence in 10 locations
during 2008-09 for which construction has commenced.
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