[ad_1]
By Aditya Raghunath
Investing.com — Kalpataru Energy Transmission Ltd. (NS:), a midcap firm working within the energy sector reported its numbers for Q1 FY22. It reported complete revenue of Rs 3,218 crore, up 37.82% from the corresponding quarter final yr. Web revenue got here in at Rs 87 crore within the June 2021 quarter.
Brokerage agency Emkay World has a purchase name on the inventory with a goal worth of Rs 565, an upside of just about 46% from its closing worth of Rs 388.1 on August 27.
“Confirmed experience and monitor file within the execution of EPC tasks helped KPTL (SA) win orders to the tune of Rs 93 billion [Rs 9,300 crores) in the last five quarters. The current order book is robust at Rs 134 billion [Rs 13,400 crore] as of Jun’21 (T&D 60%). The administration has guided for inflows of Rs80-90bn in FY22. Future development prospects are sturdy on the again of wholesome momentum in Pipeline and Railways, and an immense scope in worldwide railways. The home T&D enterprise will stay buoyant on the again of HVDC and TBCB tasks within the medium time period,” Emkay World stated.
The agency added that “The general [promoters] pledge has come down from 31.3% in Mar’20 to 24.7% in Aug’21.”
[ad_2]
Source link
