Kalpataru Projects Marginal Decline in Quarterly Profit Despite Rising Income

Kalpataru Projects International reported a slight 3% drop in net profit for December 2024 compared to the previous year, despite increased income. Net profit reached Rs 139.59 crore against Rs 144.07 crore. The board approved Manish Mohnot's re-appointment as MD & CEO and appointed Deepak Sharma as Senior Management Personnel.

Kalpataru Projects International has announced a slight 3% decrease in its consolidated net profit, reporting Rs 139.59 crore for the quarter ending December 2024. This is a marginal decline from Rs 144.07 crore in the corresponding quarter of the previous year, as disclosed in their regulatory filing.

Nonetheless, the company's total income saw a substantial increase, climbing to Rs 5,742.76 crore during the quarter, up from Rs 4,909.95 crore in the same period last year, signaling robust growth in other areas.

The board has re-appointed Manish Mohnot as Managing Director & CEO for another term starting April 2025, subject to shareholder approval, and appointed Deepak Sharma to Senior Management Personnel, effective February 2025.