Kalpataru Power reports strong quarter due to healthy order book
Kalpataru Power posted robust quarterly performance in Q3FY18 with strong revenue growth and strong order book growth.
The revenue for the quarter rose by 22 per cent yoy and 16 per cent qoq to Rs. 1,417 crore in Q3FY18 as against Rs. 1,158 crore in previous year corresponding quarter and Rs. 1,222 crore in previous quarter.
The EBITDA for the quarter also rose by 27 per cent yoy and 14 per cent qoq to Rs. 152 crore in Q3FY18 as against Rs. 119 crore in previous year corresponding quarter. However, EBITDA margins remained unchanged at 10.7 per cent for Q3FY18.
The bottom-line for the quarter also rose by 31 per cent yoy to Rs. 75 crore in Q3FY18 as against Rs.57 crore in previous year corresponding quarter and Rs.71 crore in previous quarter.
The company secured orders worth Rs. 2,812 crore in Q3 and Rs. 2,417 crore till date in Q4 taking the total orderbook to Rs. 10,532 crore till date.
On Thursday, the stock opened at Rs.454 per share and was trading at Rs.457, up by 1.6 per cent.