Kalpataru Power Q4 Review - Slower Execution Amid Pandemic Disruptions: ICICI Direct

Kalpataru Power Q4 Review - Slower Execution Amid Pandemic Disruptions: ICICI Direct

Electrical power lines hang from transmission pylons. (Photographer: Waldo Swiegers/Bloomberg)

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ICICI Direct Report

For Q4 FY21, Kalpataru Power Transmission Ltd.’s standalone revenue came in at Rs 2337 crore (versus our estimate of Rs 2762 crore) merely growing 1.5% YoY.

The key reason for execution miss was disruptions faced by the company during the fag end of the quarter.

On account of execution miss, Ebitda came in at Rs 243 crore (versus our estimate of Rs 290 crore), down marginally by 4% YoY while Ebitda margins sustained at 10.4%, flat QoQ.

Given the strong reduction in debt throughout FY21, interest costs came in Rs 28 crore, down 39% YoY.

Click on the attachment to read the full report:

ICICI Direct Kalpataru Power Q4FY21 Result Update.pdf
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