Kalpataru Power continued with its strong project execution, clocking a 24.9% y-o-y growth in standalone revenue. However, OPM got affected by forex loss and political donations. Further, a lower other income and a rise in interest cost and depreciation lowered net profit growth to 13.5% y-o-y. The management maintained its guidance for order intake at Rs. 10,000 crore, revenue growth at 15-20% y-o-y and OPM at ~11% for FY2020E. KPTL will start receiving post-tax proceeds worth ~Rs. 1050-1100 crore from the sale of transmission assets which...