Electric Utilities company Kalpataru Projects International announced Q2FY24 & H1FY24 results: Q2FY24: Consolidated: Revenue growth of 19% YoY to Rs 4,518 crore in Q2FY24 led by robust execution and healthy order book in T&D;, B&F;, and Water businesses EBITDA grew by 6% YoY to Rs 370 crore; EBITDA Margin at 8.2% in Q2FY24 given the change in project mix and lower profitability in international subsidiaries PBT at Rs 132 crore in Q2FY24 with margin at 2.9% PAT of Rs 90 crore in Q2FY24 compared to Rs 98 crore in Q2FY23 Standalone: Revenue for Q2FY24 stands at Rs 3,844 crore, up 17% YoY EBITDA up by 12% YoY to Rs 308 crore; EBITDA Margin at 8.0% for Q2FY24 PBT grew by 10% to Rs 160 crore, PBT margin at 4.2% for Q2FY23 PAT of Rs 113 crore in Q2FY24, up by 9% YoY H1FY24: Consolidated: Revenue for H1FY24 stands at Rs 8,759 crore, up 17% YoY EBITDA at Rs 752 crore higher by 13% YoY; EBITDA Margin at 8.6% for H1FY24 PBT at Rs 297 crore in H1FY24, up by 10% YoY PAT grew by 9% YoY to Rs 203 crore in H1FY24 Net Debt stands at Rs 3,183 crore as of September 30, 2023 Standalone: Revenue for H1FY24 stands at Rs 7,466 crore, up 16% YoY EBITDA at Rs 622 crore higher by 14% YoY; EBITDA Margin at 8.3% for H1FY24 PBT at Rs 335 crore in H1FY24 compared to Rs 352 crore in H1FY23 PAT of Rs 239 crore in H1FY24 compared to Rs 267 crore in H1FY23 Net debt stands at Rs 2,216 crore as on September 30, 2023 Order Intake and Order Book: Received new orders (including international subsidiaries) of Rs 1,562 crore in the month of Oct-23 and Nov-23 till date; YTDFY24 order inflows have reached Rs 12,178 crore Order book at Rs 47,040 crore as of 30 Sep 2023, an increase of 22% YoY; Additional L1 position of over Rs 4,200 crore Commenting on the results, Manish Mohnot, MD & CEO, KPIL said, “We have delivered another quarter of good performance driven by robust execution and strong order inflows in our major business verticals. We achieved Rs 8,759 crore in revenues, representing a growth of 17% YoY, and Rs 752 crore of EBITDA, resulting in an 8.6% margin for H1FY24 at the consolidated level. As we move into the latter half of FY24, we believe a favourable shift in the business environment especially in the T&D; and select civil business verticals will help us to strengthen our position further in the EPC market. Our order book at Rs 47,040 crore and L1 of over Rs 4,200 crore to date in the current financial year provides good visibility for growth in coming quarters. We continue to drive growth and create differentiation by strengthening our capabilities organically and through strategic business development in newer areas like data centers, airports, heavy civil, design-build B&F; projects, industrial projects, and manufacturing expansion. KPIL has established a strong diversified order book, expanded global reach, and robust execution capabilities, which makes it well poised to deliver profitable growth while maintaining a strong balance sheet.” Result PDF