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This Article is From Nov 02, 2021

Kalpataru Power Q2 Review - Exceptionals Impact Growth, Poised To Normalise: ICICI Securities

Kalpataru Power Q2 Review - Exceptionals Impact Growth, Poised To Normalise: ICICI Securities
Electricity transmission pylons in Greece. (Photographer: Yorgos Karahalis/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Kalpataru Power & Transmission Ltd.'s performance in Q2 FY22 was subdued as standalone revenue fell 14% year-on-year to Rs 16.1 billion.

Supply-chain disruptions and unseasonal rains impacted execution across segments.

Standalone year-to-date order intake for Kalpataru Power & Transmission remains low at Rs 20 billion.

High commodity and freight prices continue to hurt margins.

According to the management, promoter pledge is currently at 45% and expected to reduce to 40% by December 2021.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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