KPIL reports 20 per cent revenue growth to ₹19,626 crore in FY24

New Delhi: Kalpataru Projects International Ltd. (KPIL) reported a record annual consolidated revenue of ₹19,626 crore for FY24, marking a 20 per cent year-on-year increase. The company's consolidated EBITDA rose by 19 per cent to ₹1,628 crore, while its annual consolidated PAT increased by 19 per cent to ₹516 crore. The consolidated order book reached an all-time high of ₹58,415 crore.

For Q4 FY24, KPIL's revenue grew by 22 per cent year-on-year to ₹5,971 crore, driven by healthy project execution. Quarterly EBITDA increased by 36 per cent to ₹452 crore, and PBT surged by 103 per cent to ₹211 crore. The PAT for Q4 FY24 rose by 21 per cent year-on-year to ₹169 crore.

Standalone financial highlights for Q4 FY24 showed a 17 per cent year-on-year increase in revenue to ₹5,147 crore, with EBITDA up by 29 per cent to ₹400 crore. PBT before exceptional items grew by 48 per cent to ₹245 crore, and PAT was ₹150 crore. For the full fiscal year, standalone revenue rose by 17 per cent to ₹16,760 crore, EBITDA increased by 18 per cent to ₹1,366 crore, and PAT stood at ₹533 crore. Standalone net debt declined by 29 per cent quarter-on-quarter to ₹1,833 crore.

Order inflows for FY24 reached a record high of ₹30,022 crore, up 19 per cent year-on-year, with additional L1 positions of over ₹5,000 crore. KPIL received new orders worth ₹849 crore in FY25 to date, and the order book stood at ₹58,415 crore as of March 31, 2024, an increase of 27 per cent year-on-year.

"FY2023-24 has been a momentous year for KPIL. We have delivered robust performance marking highest ever consolidated revenue, EBITDA, and order book in our history, reaching ₹19,626 crore, ₹1,628 crore, and ₹58,415 crore respectively. This achievement, coupled with our commitment to pursue profitable growth and efficiently manage our working capital, ensured we deliver stable margins, maintain prudent debt levels, and improve working capital cycle, underscoring our efficiency and agility," said Manish Mohnot, MD & CEO, KPIL.

KPIL proposed a dividend of ₹8 per equity share, equivalent to 400 per cent of the face value of ₹2 per share for FY24.