Kalpataru Projects International Ltd. and its international subsidiaries have secured orders worth Rs 1,011 crore, according to an exchange filing on Tuesday.
Part of the fresh orders involve the company's power transmission and distribution business in the overseas market. The other orders were bagged by the company's railways division, as well as its buildings and factories business in India.
"We are pleased with the strong momentum in order inflows, which has significantly strengthened our order book, with YTD inflows now exceeding Rs 17,300 crore," Chief Executive Officer Manish Mohnot said.
He said the company's core transmission and distribution and buildings and factories businesses received 85% of the orders. "The T&D business has grown steadily in the last three quarters, while the B&F business has strengthened its leadership with new and repeat orders," Mohnot said.
"These achievements further bolster our confidence in achieving sustainable and profitable growth, driven by our robust expertise and leadership in the market," he said.
Earlier this month, Kalpataru Projects had raised Rs 1,000 crore via qualified institutions placement, where it had issued 83.3 lakh equity shares at Rs 1,201 apiece.
For the July–September quarter, the company's consolidated net profit rose to Rs 126 crore, compared to Rs 89.9 crore for the same period last year. Revenue grew 9.1% to Rs 4,930 crore from Rs 4,518 crore in the second quarter of the previous fiscal.
Shares of Kalpataru Projects closed 1.64% higher at Rs 1.298.55 apiece on the BSE, compared to a 0.14% decline in the benchmark Sensex.
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