Kalpataru Power Q2 Review - Exceptionals Impact Growth, Poised To Normalise: ICICI Securities

Kalpataru Power Q2 Review - Exceptionals Impact Growth, Poised To Normalise: ICICI Securities

Electricity transmission pylons in Greece. (Photographer: Yorgos Karahalis/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Kalpataru Power & Transmission Ltd.'s performance in Q2 FY22 was subdued as standalone revenue fell 14% year-on-year to Rs 16.1 billion.

Supply-chain disruptions and unseasonal rains impacted execution across segments.

Standalone year-to-date order intake for Kalpataru Power & Transmission remains low at Rs 20 billion.

High commodity and freight prices continue to hurt margins.

According to the management, promoter pledge is currently at 45% and expected to reduce to 40% by December 2021.

Click on the attachment to read the full report:

ICICI Securities Kalpataru Power Q2FY22 Results.pdf
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