KPTL is part of a diversified conglomerate spanning Real Estate, Power Generation and Transmission, Construction of Roads, Factories, Buildings and Oil and Gas Infrastructure and Agri-Logistics spaces.

Segment-wise updates:

• Kalpataru Power Transmission’s (KPTL) posted robust standalone revenue growth (~24% YoY), highest in past 5 years, accompanied with stable EBITDA margins of ~11%. Standalone net debt declined to Rs. 5bn (FY18: Rs. 7bn).

• JMC Projects (India) EBITDA margins improved while OFC declined 27% YoY. Further, capex surge led JMC to report negative FCF in FY19 & H1FY20. JMC overdue receivables for >180 days catapulted to Rs. 4bn from Rs.1.4bn in FY18. Real estate inventory declined to Rs. 2.4bn (FY18: ~Rs. 3bn).

• Shree Shubham Logistics trade receivables increased 30% YoY to Rs. 608 mn (FY18: Rs. 462 mn), representing 50% of revenues.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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