Q4 2024 Kalpataru Projects International Ltd Earnings Call Transcript
Key Points
- Achieved highest ever annual consolidated revenue of INR19,626 crore and EBITDA of INR1,628 crore.
- Order inflows reached a record high of over INR30,000 crore, with significant projects secured in India and overseas.
- Net debt on a standalone basis decreased by 29% compared to the previous quarter, reaching INR1,833 crore.
- Strong performance in the T&D business with a 30% YoY revenue growth and a robust order book of INR20,678 crore.
- Successful merger with JMC, leading to strategic initiatives and significant synergies.
- Exceptional item of INR35 crore in Q4 due to impairment in the value of investment in the Indore real estate project.
- EBITDA margin remained stable at 8.3% despite rising costs and resource augmentation.
- Freight costs increased significantly due to supply chain disruptions.
- Exchange loss and expected credit loss (ECL) provisions impacted other expenses.
- Challenges in the railway business with lower margins and selective order bidding due to increased competition.
Ladies and gentlemen, good day, and welcome to Kalpataru Projects International Limited Q4 FY24 earnings conference call hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Bhoomika Nair from DAM Capital Advisors. Thank you, and over to you, ma'am.
Okay, thanks. Good morning, everyone, and a warm welcome to the Q4 FY24 earnings call of Kalpataru Projects International Limited. We have the management today being represented by Mr. Manish Mohnot, Managing Director and CEO; Mr. S.K. Tripathi, Deputy Managing Director; Mr. Sanjay Dalmia, Executive Director; Mr. Amit Uplenchwar, Director Group Strategy; and Mr. Ram Patodia, President, Finance and CFO. At this point, I'll hand over the floor to Mr. Mohnot for his initial remarks. Post that, we'll open up the floor for Q&A. Over to you, sir.
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