Kalpataru Power Transmission rises 2 per cent on bagging orders worth Rs 625 crore
Kalpataru Power Transmission announced today that it has secured new orders worth Rs 625 crore. It includes orders from Africa in the power transmission business, order for railway electrification in India as well as power transmission projects in Europe.
Reacting to this, the company’s stock today increased by 2.77 per cent and made an intraday high of Rs 387.90 per share.
Besides, the company reported a net profit of Rs 313 crore in Q3FY21. It had reported a profit of Rs 137 crore in Q3FY20, which is an increase of 128.47 per cent. The company reported net sales of Rs 3,501 crore for Q3FY21, an increase of 10.72 per cent as against the net sales of Rs 3,162 crore for Q3FY20.
Kalpataru Power Transmission Limited is the fastest-growing specialised EPC company in India, engaged in power transmission & distribution, oil & gas pipeline, railways, infrastructure development, civil contracting, and warehousing & logistics business.
According to BSE data, the stock traded at a P/E multiple of 9.49 and a price-to-book ratio of 1.52. The stock has a 52-week high and a 52-week low of Rs 406.20 and Rs 172, respectively.
At 12.23 pm, the stock of the company was trading at Rs 381.80, up by 1.15 per cent on BSE.