At the operating level, EBITDA jumped 38.6% to ₹525 crore in the first quarter of this fiscal over ₹379 crore in the corresponding period in the previous fiscal. Shares of Kalpataru Projects International Ltd ended at ₹1,110.25, down by ₹5.65 or 0.51% on the BSE.
At the operating level, EBITDA jumped 38.6% to ₹525 crore in the first quarter of this fiscal over ₹379 crore in the corresponding period in the previous fiscal. Shares of Kalpataru Projects International Ltd ended at ₹1,110.25, down by ₹5.65 or 0.51% on the BSE.
The company’s revenue from operations surged 34.5% to ₹6,171.2 crore as against ₹4,586.6 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA jumped 38.6% to ₹525 crore in the first quarter of this fiscal over ₹379 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 8.5% in the reporting quarter as compared to 8.3% in the corresponding period in the previous fiscal.
Also Read: Kalpataru Projects secures ₹989 crore orders in overseas power T&D segment
The board of directors has approved an extension of the validity period for a previously granted approval. The approval pertains to providing a Counter Bank Guarantee, Standby Letter of Credit, or Corporate Guarantee to the lenders of Kalpataru IBN Omairah Company Limited, a 65% subsidiary of the company.
The validity of this support has been extended up to June 30, 2026, for an amount not exceeding $65 million. The Board has also delegated authority to the Executive Committee of the Board of Directors to manage this matter.
The results came after the close of the market hours. Shares of Kalpataru Projects International Ltd ended at ₹1,110.25, down by ₹5.65 or 0.51% on the BSE.
Also Read: Kalpataru Projects shares surge 5% after buildings and factories business wins ₹3,789 crore order
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