Kalpataru Projects shares are on fire today. The share price has risen 6.6% to an intra-day high of Rs 978 after the company was awarded new orders worth Rs 2,306 crore. The company has bagged these new orders along with its international subsidiaries.
Boost to Kalpataru Projects‘ order pipeline
The order pipeline got a boost as a result of this and now Kalpataru Projects’ order intake as of March 06 stands at Rs 22,500 crore.
“We are delighted with the significant order wins in our T&D and B&F business. The order inflows in the T&D business have strengthened our T&D order book and improved our presence in key overseas markets. Additionally, the order in the B&F business has helped us to further strengthen our market position. With these new orders, our order intake till date in FY25 has reached around Rs 22,500 crores, providing us with a good visibility of growth in the coming quarters,” Manish Mohnot, MD & CEO of Kalpataru Projects said.
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The company reported a drop of 3% year-on-year in consolidated net profit at Rs 139.59 crore in Q3 FY25. It had a net profit of Rs 144.07 crore in the same quarter a year ago. However, the total income of the company increased to Rs 5,742.76 crore in the third quarter of FY25, compared to Rs 4,909.95 crore in the same period a year ago.
Kalpataru Projects Vs Nifty 50
The share price of Kalpataru Projects has risen 12% in the previous five trading sessions. The stock has fallen 9% in the past one month and 31% in the previous six months. The stock has wiped out 10% of investors’ wealth in the last one year.
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To compare, the benchmark index, Nifty 50 has fallen 0.35% in the past five trading sessions. The index has wiped out 5% of investors’ wealth in the last one month and 10% in the past six months. The index has erased all the gains of the past one year.
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