Kalpataru net profit up 86 pc at Rs 88 cr in Apr-Jun qtr
The company's consolidated net profit stood at Rs 47.6 crore in the corresponding quarter of 2017-18, a BSE filing said.
It has secured new orders or notification of award of Rs 900 crore including two orders in Southern Railway division of Rs 776 crore from RVNL and orders for the transmission line, substation and tower supply in overseas market of Rs 124 crore.
The KPTL's arm JMC Projects (India) Ltd also posted 22 percent growth in its standalone net profit at Rs 26.6 crore in the first quarter compared to the year-ago period. It had an order book of Rs 9,814 crore as on June 30, 2018.
Manish Mohnot, Managing Director, and CEO, KPTL said in the statement, "We continue to focus and deliver on profitable growth for both KPTL and JMC. Our current order book visibility provides us the confidence of achieving a 15 percent growth for 2018-19 for both KPTL and JMC. We continue to stay bullish on railways and water sectors in both domestic and international markets."
The KPTL is engaged in power transmission and distribution, oil & gas pipeline, railways, infrastructure development and warehousing & logistics business. The company is currently executing several contracts in India, Africa, Middle East, CIS, SAARC and the Far East.
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