Kalpataru Power Q1 Review - Steady Execution Amid Pandemic Disruptions: ICICI Direct

Kalpataru Power Q1 Review - Steady Execution Amid Pandemic Disruptions: ICICI Direct

Buildings stand behind a transmission tower. (Photographer: SeongJoon Cho/Bloomberg)

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ICICI Direct Report

For Q1 FY22, Kalpataru Power Transmission Ltd.'s standalone revenue came in at Rs 1586 crore (in line with our estimate of Rs 1588.3 crore) growing 8.7% YoY on the back of steady execution across all businesses amid challenging economic conditions and labour availability constraints.

Year-to-date FY22 order inflow came in muted at Rs 865 crore out of which transmission and distribution contributed 56% followed by 44% from railways.

Also, Kalpataru Power Transmission is level-one in orders worth ~Rs 2550 crore amid a few delay in awards.

As on Q1 FY22, the order book was at Rs 13397 crore (including Linjemontage Sweden) with T&D segment contributing 59% followed by oil and gas (15%) and railways (26%).

Click on the attachment to read the full report:

ICICI Direct Kalpataru Power Q1FY22 Result Update.pdf
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