Kalpataru Projects International (KPIL) Q4 18/19 earnings summary

Executive summary

• FY19 standalone revenue rose 23.13% to ₹7,115.12 crore and PAT increased 24.63% to ₹401.29 crore, supported by execution, operational efficiency and working-capital management.

• Consolidated revenue grew 24.01% to ₹10,840.48 crore; profit for the year reached ₹487.09 crore, while order book stood at ₹24,030 crore at March 31, 2019.

• Strategy centers on profitable growth, wider international presence, diversification in Railways and Oil & Gas, digitalization and operational excellence.

Financial highlights

• Standalone revenue from operations was ₹7,115.12 crore versus ₹5,778.50 crore in FY18; PAT was ₹401.29 crore versus ₹322.00 crore.

• Consolidated revenue was ₹10,840.48 crore versus ₹8,741.72 crore; profit for the year was ₹487.09 crore versus ₹278.26 crore.

• Core EBITDA rose 23.29% to ₹778.19 crore standalone and 31.86% to ₹1,347.21 crore consolidated.

• Standalone export revenue, including overseas projects, was ₹2,730.70 crore, or 38.38% of revenue; domestic revenue was ₹4,384 crore and international revenue ₹2,731 crore.

Outlook and guidance

• Strong order book supported guidance for 15–20% topline growth in FY20, with profitability and return ratios to be protected.

• Standalone order book exceeded ₹14,000 crore, excluding fairly placed bids; FY19 order inflows exceeded ₹8,300 crore.

• Management aims to expand T&D in Africa, SAARC, Middle East, South Asia, Europe and America, while pursuing selective strategic investments and local partnerships.